APC Valuation Training Modules

Three APC Valuation Training Modules in St Helens, Merseyside:

Module 1 - Mandatory requirements and guidance for valuations - 4th February 2020

Module 2 - Conventional valuation methods and their application - 5th February 2020

Module 3 - Conventional and contemporary investment valuation techniques - 6th February 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).

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 Presenter

John Faulkner FRICS is a former valuation lecturer, a former consultant in private practice, a regular contributor at CPD events and a training consultant to RICS. Please contact John for further details if required.

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 2017
  • 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
  • Assumptions and Special Assumptions
  • Marketing Constraints and Forced Sales
  • Valuation Approaches and Methods
  • Valuations for Secured Lending
  • Residential Property Valuations
  • Valuations for Financial Statements (Asset Valuations)
  • Regulated Purpose Valuations
  • Portfolio Valuations
  • Valuation Certainty 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

Download Booking Form Here

APC Valuation Training Modules - Booking Form

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Terms and Conditions

  1. 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.
  2. Booking confirmation, VAT receipt and directions to venue will be sent at least 48 hours before attendance at the first module booked.
  3. A refund will only be made if a cancellation is received at least 14 days before the first module booked and this will be subject to an administration charge of £30.00 plus VAT.
  4. Partial cancellation if all three modules are booked will result in the module or modules attended being charged at the full rate of £125.00 plus VAT. Refunds will be subject to condition 3 above.
  5. JFPC Valuation School reserve the right to cancel the presentation of any modules and in this case a full refund will be made.

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