Property Valuation Webinars – Recordings, Property Valuation under the Red Book – A Practical Approach
A series of 4 webinars as recordings on Property Valuation under the Red Book providing 4 hours CPD with additional notes and copies of slides
Valuation is the lynchpin of all real estate decisions. These workshops provide an essential insight into the role of regulation under the RICS Valuation Global Standards (Red Book) and the UK National Supplement to provide rigorous and appropriate valuation reports
Speaker – Nick French
- General valuation concepts
- Definitions and Bases of Value
- Approaches, Methods & Models
- Market Valuations and Worth
- Red Book fundamentals
- The importance of ESG
- Secure lending valuation
- Report writing
- Residential & Commercial valuations
- Specific valuations – Specialised Property
- Professional Standards vs Practice Information
- Use of software packages/AI
Course Outline
| AGENDA – Webinar Part 1 of 4
Valuation Concepts |
|
| 1 | Introduction – Value, Price and Worth
A short revision of the role of the valuer and the distinction between Valuation & Calculation of Worth |
| 2 | Approaches, Methods and Models
A discussion of Valuation Standards in the context of definitions and requirements on valuers |
| 3 | Market Approach
The importance of simple heuristics and the importance of comparables in marking to market |
| 4 | Valuation and Market Pricing
It is important that users of valuations understand the valuation in context of market. |
| AGENDA – Webinar Part 2 of 4
Valuation Standards – A refresher of the Red Book |
|
| 1 | Mandatory vs Advisory
Understanding the mandatory requirements of the Red Book |
| 2 | Incorporating ESG into all valuations
Sustainability, resilience and the role of Environmental, Social and Governance |
| 3 | Professional Standards and Practice Information
The difference between “should” and “must” |
| 4 | Report Writing
Providing the client with the appropriate information – Market and Economic Context |
| AGENDA – Webinar Part 3 of 4
Valuation Standards – Residential and Commercial Valuation |
|
| 1 | Residential Valuations
The Red Book and other regulations as they apply to Residentail Property |
| 2 | Commercial Valuations
The Red Book and other regulations as they apply to Commercial Property |
| 3 | Valuations for Bank Lending
Determining Market Value for assets that underpin residential and commercial mortgages |
| 4 | Alternative Use Valuations
The Interface between residential and commercial use of properties |
| AGENDA – Webinar Part 4 of 4
Valuation Standards – Valuation Models & Guidance for Specialised Property |
|
| 1 | Valuation Models
The Use of Explicit Valaution Models for Cash Flow Investments |
| 2 | Specialised Property
Additional Guidance for specific property types – Best Practice Guides |
| 3 | The Automation of Valuation
The acceptable use of AVMs and AI in market valuations |
| 4 | Summary and Conclusions
An recap on the salient points of the course |
The webinars will allow for questions both during and between the sessions. The course director will answer as many questions as possible during the webinars but will also provide written responses to all delegates after the completion of each session.