Module title: Real Estate Surveying 1 (GA)

SCQF level: 08:
SCQF credit value: 20.00
ECTS credit value: 10

Module code: BSV08410
Module leader: Alison Andrews
School School of Engineering and the Built Environment
Subject area group: Building and Surveying
Prerequisites

N/A

2019/0, Trimester 2, FACE-TO-FACE,
Occurrence: 001
Primary mode of delivery: FACE-TO-FACE
Location of delivery: MERCHISTON
Partner:
Member of staff responsible for delivering module: Alison Andrews
Module Organiser:


Learning, Teaching and Assessment (LTA) Approach:
This shall comprise a lecture of up to 2 hours with a linked 1-hour tutorial, held twice per day over a consecutive five day period. The face-to-face teaching delivered in the week of block teaching shall be supported by independent guided study and underpinned with work-based learning and completing the assessments specified for the module (Weeks 3 -15).

The module is taught thematically with each lecture providing an opportunity for you to learn about key issues underlying the valuation of property. The lectures begin by setting out the concept of value and the role of the valuer and the characteristics. With this understanding in place, the five methods of valuation are examined. The tutorials expand on the lecture material and provide opportunities to undertake valuations using the methods studied.



Formative Assessment:
The provision of formative feedback is a key component of the LTA approach underpinning this module. Formative feedback opportunities are built into each tutorial where you will be encouraged to engage with and reflect upon module themes via a series of different learning tasks. These provide opportunities for the module tutor to help with your understanding and interpretation of module topics. This formative feedback is delivered in class time in response to student contributions both individually and collectively. Formative feedback arises via the discussion and analysis of tutorial questions, practical examples/cases and associated reflection on a range of learning tasks

Summative Assessment:
The assessment comprises the creation and submission by each student of a portfolio made up of two parts (part 1: an exercise in the use of valuation formulae, rent and yield analysis and the investment method of valuation and a valuation report on a commercial property and part 2: a written exercise in application of all of the valuation methods).

Student Activity (Notional Equivalent Study Hours (NESH))
Mode of activityLearning & Teaching ActivityNESH (Study Hours)
Face To Face Lecture 24
Face To Face Tutorial 12
Other Work based learning 66
Independent Learning Guided independent study 98
Total Study Hours200
Expected Total Study Hours for Module200


Assessment
Type of Assessment Weighting % LOs covered Week due Length in Hours/Words
Portfolio 100 1-4 10 HOURS= 00.00, WORDS= 2500
Component 1 subtotal: 100
Component 2 subtotal: 0
Module subtotal: 100

Description of module content:

The module will introduce the principal methods of property valuation in residential and commercial property markets and demonstrate the application of these methods in a range of contexts. You will explore the principles and mathematical basis of different methods of valuation and be aware of the regulatory framework under which valuations are carried out. You will analyse property market information and the adjustment and use of rental and yield information in the undertaking conventional valuations.

Learning Outcomes for module:

LO1: analyse and use rental and property yield information.
LO2: apply conventional freehold investment and comparison valuation methods
LO3: understand and apply the contractors, residual and profit methods of valuation
LO4: appreciate the role of professional regulation and the framework of regulation for Valuation Practice in the UK.

Indicative References and Reading List - URL:
Real Estate Surveying 1