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APC Acceleration: Valuation and Commercial Property

Accelerate your technical skills and knowledge to complete your APC and support you career in Valuation and Commercial Property

Session Duration:
12 months
Venue:
Online
CPD:
200 hours CPD

£1375 + VAT

Overview

Highly relevant and beneficial to professionals working in finance functions or departments who use valuation reports as part of their decision-making process (for example, approving mortgage applications, business acquisitions, mergers or sales), this course provides comprehensive insight into the day to day tasks required.

This membership acceleration course has been designed to evolve technical skills and knowledge needed for professionals who work in valuation or commercial property and covers professional ethics and core competencies defined in the RICS pathway guide.

In addition, the course will support professionals throughout the membership assessment process and activities. Delegates will receive feedback and support from a RICS Assessor, simplifying the process and preparation for their final assessment to become chartered.

With access to our industry-leading online library isurv included (Valuation and Commercial Property channels only), delegates will be able to access a wealth of information to support their learning.

Ideal for

  • All Valuation and Commercial Property APC candidates who want to accelerate their learning
  • Professionals from other backgrounds who wish to become chartered as valuation or commercial property members

Structure

This course will be delivered as an online learning course which includes a blend of technical modules, membership masterclasses and consolidation sessions. Each module will take approximately 3-4 weeks to complete. The consolidation sessions will review the module content, provide further context and practical application.

The membership masterclasses will focus on all key activities of the membership assessment process. There is an end of course assessment and separate Professional Ethics for RICS Members assessment too.

Modules

  • This course includes technical modules, competency masterclasses and APC process content broken down into the following 10 modules:

    • Introduction Module

    • The role of the RICS and its professionals
    • Introduction to the real estate lifecycle
    • Understanding the APC

     

    Module 1 – Inspection

    Demonstrate a knowledge and understanding of application of the core requirements of property inspection, in particular:

    • Inspection and the different requirements for inspection
    • Required information and factors affecting the approach to an inspection.
    • Requirements and reasons for a property inspection
    • Understand safety issues when undertaking an inspection
    • Implications of location and situation
    • Identify access arrangements
    • Building construction and specification
    • Legal requirements that impact upon the occupation/ownership of buildings.

     

    Module 2 – Measurement of Land and Property

    Demonstrate a knowledge and understanding of the core requirements of application of measurement of land & property, in particular:

    • The principles and limitations of measurement
    • Data capturing techniques (including the use of lasers and tapes)
    • The limitations of different methods of measurement (and instruments)
    • Potential sources of error from use of the instruments
    • The basis on which measurements should be undertaken i.e. the core definitions of measurement and their application (Gross External Area, Gross Internal Area And Net Internal Area)
    • The appropriate standards and guidance relating to measurement with particular reference to the RICS Code of Measuring Practice, or the appropriate local standard
    • The degree of accuracy that is required for different types of property and the use to which the measurements will be put
    • The plans and the drawings - use and limitations

     

    Module 3 – Valuation

    Demonstrate a knowledge and understanding of the preparation and provision of properly researched valuation advice, made in accordance with the appropriate valuation standards, to enable clients to make informed decisions regarding real estate, in particular:

    • The purposes for which valuations are undertaken
    • The relevant valuation methods and techniques
    • The appropriate standards and guidance
    • The relevant statutory or mandatory requirements for valuation work.

     

    Module 4 – Development Appraisals

    Demonstrate a knowledge and understanding of the role of development appraisals in residential and commercial development, in particular:

    • The principles and practices underlying a valid development appraisal.
    • The Identification, selection, assembling and analysis of the data relevant to carrying out development appraisals.
    • Development appraisals using relevant techniques and methodology and identify possible sources of development funding.
    • The role of development appraisals in the marketplace and the situations where their use is appropriate
    • The content of appraisals and how different issues such as planning requirements can be reflected
    • The sensitivities of appraisals and the factors affecting the appraisal
    • The external factors which have an influence upon the appraisal process.

     

    Module 5 – Leasing and Letting

    Demonstrate a knowledge and understanding of the market for leasehold by demonstrating an understanding of working for both landlord and tenant considering the whole transactional market for property, in particular:

    • The various types of property and how they are let
    • The different types of interests that may be placed on the market.
    • The economics of the market for such interests and the legal frameworks.
    • The decision-making process, marketing, reporting and completion of the transaction.
    • The other forms of property transaction, and of the reason supporting the decision to proceed along the chosen leasing or letting route.

     

    Module 6 Property Finance and Funding

    Demonstrate an understanding of the range of finance available, how this is sourced and how this may be used to assist with property investment and development scenarios, in particular:

    • The role and importance of finance in property
    • The principal forms of investment finance and their sources
    • The factors that affect the ability to obtain finance to fund the investment project.
    • The identification of the appropriate sources of finance and securing finance for different purposes
    • The various senior debt providers and their expectations in terms of pricing and security
    • The impact of gearing on equity returns and the relevant numerically affect
    • Mezzanine and equity finance pricing
    • The financing processes
    • Report and accounts as audit tools
    • Application of this knowledge in order to provide advice to clients on their financing options and the impact of this on their returns

     

    Module 7 – Investment Management

    Demonstrate a knowledge and understanding of the key principles of investment management theory and practice; the asset management expertise and knowledge across a broad range of sectors; their application in a strategic context, in particular:

    • The principles of financial investment in property
    • The property returns including capital and retail returns and how these are generated in practice
    • The mainstream types of property valuation and the theory behind these
    • The principles of portfolio management and asset management

     

    Module 8 - Business and Soft Skills

    • Mandatory Competencies - Business Skills
    • Mandatory Competencies - Soft Skills

     

     

    Module 9 - Getting Qualified

    • Professional Ethics for RICS Members
    • Preparing for your Case Study
    • Preparing for the Final Assessment

     


    Module 10 - Revision and end of course assessment

    • Course revision
    • APC Acceleration: Valuation and Commercial Property online assessment

End of course assessments

Delegates are assessed through an online multiple-choice question examination which takes place in the final quarter of the 12-month programme. There’s also an online test to conclude the Professional Ethics for RICS Members to assess delegates understanding of the subject.

N.B. Completion of these assessments and course will not guarantee receiving RICS membership qualification, this will depend on the result of the final APC assessment.

What delegates get

  • Technical valuation and commercial property training
  • APC process and competency masterclasses
  • Access to our industry-leading online library isurv (Valuation and Commercial Property channels only)
  • RICS Certification of Completion

£1375 + VAT