Modules

Core Module Information
Module title: Real Estate Valuation
SCQF level: 11:
SCQF credit value: 20.00
ECTS credit value: 10
Module code: BSV11141
Module leader: Andrew Smith
School School of Computing, Engineering and the Built Environment
Subject area group: Built Environment
Prerequisites

There are no pre-requisites for this module to be added
Description of module content:

In real estate valuation, analysis, and market insights shape property decisions. This module introduces you to the key concepts behind real estate valuation, helping you understand how valuations are carried out, the various methods used, and when to apply them. You will explore the five main valuation methods (the comparative method, investment methods, residual, profits and contractors methods), gaining the skills to assess property value accurately.You will also learn about the professional standards set by the Royal Institution of Chartered Surveyors (RICS), including ethical considerations and environmental, social and governance (ESG) issues in valuation.
Learning Outcomes for module:

Upon completion of this module you will be able to

LO1: Comprehend the property valuation process including instructions, bases, methods and reporting.

LO2: Evaluate and apply the valuation methodologies to undertake a variety of valuations for a range of purposes.

LO3: Critically appraise the strengths, weaknesses and limitations of these valuation methodologies.

LO4: Critically appreciate risk and uncertainty in the valuation process.

LO5: Evaluate the possible impact of sustainability issues on valuation.

LO6: Critically engage in the ethical and professional regulatory issues in the property market.
Full Details of Teaching and Assessment
2024/5, Trimester 1, Blended,
VIEW FULL DETAILS
Occurrence: 001
Primary mode of delivery: Blended
Location of delivery: MERCHISTON
Partner:
Member of staff responsible for delivering module: Andrew Smith
Module Organiser:


Student Activity (Notional Equivalent Study Hours (NESH))
Mode of activityLearning & Teaching ActivityNESH (Study Hours)NESH Description
Online Guided independent study 164 Guided independent study may involve reading, working on tutorial tasks or reflective exercises, accessing resources discussed in class and working on assessments.
Face To Face Tutorial 11 Tutorials help to further students' knowledge of particular topics. This may involve class discussions, questions, presentations, group or individual work and videos with discussion.
Face To Face Lecture 22 Lectures are to introduce and explain topics and to guide students towards further reading or other resources for self-study. This may be supplemented by class discussions, group or individual work and videos.
Face To Face Centrally Time Tabled Examination 3 A centrally timetabled exam scheduled and organised by the university exams team. Exams follow a standardised timetable, ensuring consistency in scheduling, venue allocation, and exam regulations. The exam covers all the module learning outcomes.
Total Study Hours200
Expected Total Study Hours for Module200


Assessment
Type of Assessment Weighting % LOs covered Week due Length in Hours/Words Description
Centrally Time Tabled Examination 50 1~2~3~4~5~6 Exam Period HOURS= 3 hours An in-person centrally timetabled exam scheduled and organised by the university exams team. Exams follow a standardised timetable, ensuring consistency in scheduling, venue allocation, and exam regulations. The exam covers all the module learning outcomes.
Report 50 1~2 Week 9 , WORDS= 3000 words An applied professional property market and valuation report to a client, including analysis and recommendations.
Component 1 subtotal: 50
Component 2 subtotal: 50
Module subtotal: 100

Indicative References and Reading List - URL:
Real Estate Valuation BSV11141
 

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