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Online Training

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

  • The Report: Writing an RICS compliant report

    • 1 - Course introduction

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

     

    2 - The Inspection – Context & Information

    • List the purpose and basis of valuation in each market sector
    • Identify health and safety best practice on inspection with specific reference to asbestos
    • Describe specification in each sector and level
    • Identify the age and constructions of property and state common defects
    • Apply the International Property Measurement in each sector

     

    3 - The Valuation – Comparable Method and the Market

    • Describe the changing patterns of property occupation and their effect on valuation practices
    • Produce a comparable rental valuation with appropriate weighting
    • Produce a rental analysis matrix with quantitative and qualitative adjustments
    • Produce rental analysis of incentives to go from headline rent to net effective rent

     

    4 – The Valuation – Investment Method with four techniques

    • Identify the appropriate sub techniques and different types of yield
    • Produce a valuation using the term and reversion approach supported by yield analysis
    • Produce a valuation using discounted cash flow incorporating growth
    • Use trial, error and interpolation to establish the internal rate of return in an investment appraisal
    • Carry out a valuation using hardcore and top slice
    • Carry out a valuation using hardcore and layer (equivalent yield)

     

    5 – The Valuation – Residual method with two techniques

    • Identify all inputs in a traditional residual valuation or development appraisal
    • Describe how to create a periodic cash flow for residual valuation and/or development appraisal
    • Appreciate the development market and the effect on valuation inputs
    • Carry out a residual valuation and sensitivity analysis in a case study

     

    6 - The Valuation – DRC and profits method

    • Describe the use and limitations of DRC and profits methods
    • State the options available for producing a capital value using profits method and DRC
    • State the options available for carrying out a rental valuation using profits and DRC
    • Carry out a valuation for both profits and DRC

     

    7 - Project financial control and reporting

    • State the purpose, mandatory contents and application guidance in International Valuation Standards and RICS Valuation – Professional Standards
    • Reproduce compliant terms of engagement and valuation reports with a focus on loan security and asset valuation
    • Explain uncertainty in and bases of valuation to a client
    • To state the process and requirements for Valuer Registration

     

    8 - Mandatory competencies masterclasses

    • Business Skills
    • Soft Skills

     

    9 - Course revision and APC Getting Qualified

    • Course revision
    • Preparing for your Case Study
    • Preparing for the Final Assessment

     

    10 – End of course assessment and Professional Ethics

    • Online examination
    • Professional Ethics for RICS Members

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
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