APC Valuation Training Modules

Three APC Valuation Training Modules in St Helens, Merseyside. Also available by pre-recorded video streaming plus support:

Module 1 - Mandatory requirements and guidance for valuations - 11th Aug 2020

Module 2 - Conventional valuation methods and their application - 12th Aug 2020

Module 3 - Conventional and contemporary investment valuation techniques - 13th Aug 2020

  • 10.00 am until 5.00 pm each day (registration from 09.30). Attend one, two or three days.
  • Each module is limited to 24 places to ensure that individual training needs can be addressed.
  • Fee for each module is £125.00 plus VAT @ 20% (£25.00) inclusive of supporting notes, lunch and refreshments (see “Terms and Conditions”)
  • Attend all three modules for £325.00 plus VAT @ 20% (£65.00)
  • Each module provides 6 hours of CPD.
  • Post module study to reinforce knowledge and understanding provides additional CPD hours.

The Venue

The Griffin Inn Hotel and Restaurant, Church Lane, Eccleston, St Helens, Merseyside WA10 5AD (Just off the A580 East Lancs Road. Free car-parking. Overnight accommodation available. For location / directions and accommodation details visit www.griffininn.co.uk).

The Presenter

John Faulkner FRICS is a former valuation lecturer, a consultant in private practice, a regular contributor at CPD events and an APC / AssocRICS training consultant. Please contact John for further details on this Valuation School if you wish.

If it is not possible to run the Valuation School at the venue, due to coronavirus social distancing restrictions:

  • the Modules will be pre-recorded on video and made available for unlimited streaming from 11th August until 30th September 2020
  • in addition, attendees can each have up to 60 minutes of one-to-one online or telephone support with the presenter

If the Valuation School can run at the venue on these dates:

  • as a bonus, all attendees will have access to the video recordings up to 30th September 2020
  • if you cannot or, do not wish to attend, the pre-recorded videos will be available from 11th August to 30th September 2020 for unlimited streaming plus up to 60 minutes of one-to-one online or telephone support with the presenter.

Aims and Outcomes

  • These three APC Valuation Training Modules aim to provide APC Candidates with the knowledge and understanding necessary to achieve Level 1 of the APC Valuation Competency which states that the candidate must:
    Demonstrate knowledge and understanding of the purposes for which valuations are undertaken; the relevant valuation methods and techniques; the appropriate standards and guidance; and any relevant statutory or mandatory requirements for valuation work
  • These modules will also make a significant contribution towards the achievement of Levels 2 and 3.
  • The knowledge element will be provided by lectures with detailed supporting notes. Understanding will be achieved through problem-based learning group sessions and open forum discussion using typical APC Final Assessment questions.

Module 1

Mandatory requirements and guidance for valuations

  • The APC Valuation Competency
  • RICS Mandatory Requirements and Guidance
  • RICS Red Book Overview
  • The RICS Global Red Book 2020
  • The RICS UK Red Book
  • Purpose of the Red Book(s)
  • RICS Professional Standards
  • Terms of Engagement (scope of work)
  • Inspections, Investigations & Records
  • Valuation Reports
  • Bases of Value
  • Valuation Approaches and Methods
  • Assumptions and Special Assumptions
  • Regulated Purpose Valuations
  • Valuation for Financial Statements (Asset Valuations)
  • Valuation for Secured Lending
  • Valuation of Residential Property
  • Valuation Uncertainty

Module 2

Conventional valuation methods and their application

  • The APC Valuation Competency
  • RICS Mandatory Requirements and Guidance
Comparison
  • Use and Comparable Evidence
  • Assembly
  • Weighting and Ranking
  • Interpolation and Extrapolation
  • Zoning
Investment
  • Use and Basic Form
  • Net Income and Outgoings
  • Years Purchase and Yield
Residual
  • Use and Basic Form
  • Valuation of Development Property
  • Calculation of Development Profit
  • Ransom Strips / Ransom Value
Profits
  • Use and Basic Form
  • Valuation Practice and Checks
Contractors / DRC
  • Use and Basic Form
  • Valuation Information Paper

Module 3

Conventional and contemporary investment valuation techniques

  • The APC Valuation Competency
  • RICS Mandatory Requirements and Guidance
Valuation Mathematics
  • Compounding
  • Discounting
  • Present Value of £1 p.a.
Investment Yields /Discount Rates
  • Inflation-free economy
  • The Yield Gap
  • Inflationary economy
  • The Reverse Yield Gap
Conventional Growth Implicit
  • Market Rented Freeholds and the All Risks Yield
  • Gross and Net Yields
  • Reversionary Freeholds including over-rented properties
  • Equivalent Yield analysis
  • Leasehold Interests
  • Quarterly in Advance income
Contemporary Growth Explicit
  • Value, Worth and Price
  • Yield Construction / Discount Rates
  • Gross and Net Present Value
  • Internal Rate of Return
  • Valuation and DCFs

Terms and Conditions - Please read carefully before booking

  1. By completing the application form, you are entering into a binding contract to pay for the training modules, subject to the cancellation conditions in (2), (3), (4) and (5) below.
  2. If the invoice has not been paid and a cancellation is made within 14 days of the date the first module is presented or, attendance is not made, you will be liable for full payment.
  3. If the invoice has not been paid and a cancellation is received at least 14 days before the date the first module is presented an administration charge of £30.00 plus VAT will be made.
  4. A refund will only be made if a cancellation is received at least 14 days before the date the first module is presented, and this will be subject to an administration charge of £30.00 plus VAT.
  5. JFPC Valuation School reserve the right to cancel the presentation of this module and in this case a full refund will be made.
  6. These training modules do not represent any official view of the RICS and cannot offer any guarantee that their completion will result in success at APC final assessment.
  7. Booking confirmation, VAT receipt and directions to venue will be sent at least 48 hours before the date the module is presented.

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APC Valuation Training Modules - Booking Form

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Terms and Conditions - Please read carefully before booking

  1. By completing the application form, you are entering into a binding contract to pay for the training modules, subject to the cancellation conditions in (2), (3), (4) and (5) below.
  2. If the invoice has not been paid and a cancellation is made within 14 days of the date the first module is presented or, attendance is not made, you will be liable for full payment.
  3. If the invoice has not been paid and a cancellation is received at least 14 days before the date the first module is presented an administration charge of £30.00 plus VAT will be made.
  4. A refund will only be made if a cancellation is received at least 14 days before the date the module is presented, and this will be subject to an administration charge of £30.00 plus VAT.
  5. JFPC Valuation School reserve the right to cancel the presentation of this module and in this case a full refund will be made.
  6. These training modules do not represent any official view of the RICS and cannot offer any guarantee that its completion will result in success at APC final assessment.
  7. Booking confirmation, VAT receipt and directions to venue will be sent at least 48 hours before the date the module is presented.

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