Principles of Valuation
In a nutshell
If you wish to work in the property and real estate sector you must possess many key skills and competencies in areas such as valuation, development, investment and management. Property and real estate experts have an extensive understanding of the industry, and are able to confidently display a variety of proficiencies and professional knowledge to clients.
The degree apprenticeship route will allow you to work and study for your degree at the same time meaning you will have a minimum of three years work experience upon graduation. Your employer and/or the government will pay your tuition fees for your apprenticeship programme and you will be earning a salary at the same time.
As part of this programme you will work towards your Assessment of Professional Competence (APC) in order to be in a position to move onto the RICS Panel Exam following completion of the academic
degree programme. In order for you to do this, your employer must be able to support you with this – this is a requirement of the apprenticeship, therefore we can only work with employers who are in a position to support this. Please see full requirements
- combine academic study with the application of professional skills and competencies, preparing you for a career in the property and real estate sector
- undertake modules and assessments that emulate typical issues encountered in professional practice
- work closely with other built environment students, mirroring the multidisciplinary, team-based approach of the modern construction and property industry
This is for you if...
You have a hard-working approach
You are creative and an original thinker
You are willing to develop your technical skills
You have a real passion for developing, advancing and shaping the future of the built environment
All about the course
There are two distinct components to the degree apprenticeship – the academic degree programme and the work-based assessment. The University – as lead provider – is responsible for delivering the degree programme. The employer is responsible for delivering the work-based assessment components. The University and employer work closely with each other to:
- Assure that knowledge you gain on the degree is successfully applied in the workplace
- To ensure that the standards and practices required to meet the professional competencies contained in the apprenticeship standard are adequately evidenced by you
Through this module you will establish an understanding of the basic principles of property valuation and their application. You will understand the role of property as one of the investment mechanisms. You will develop an understanding of how property markets operate and an understanding of all the factors which affect the value of property.
Economics and Management
You will develop an understanding of basic economic concepts and principles and of the economic environment, in which the construction and property sectors operate. The module will develop your knowledge and understanding of the dynamics of the construction environment within which you will operate as well as management and organisational theories in the construction and property context.
Introduction to Law and Regulatory Framework
You will be introduced to English Law and relevant statutory requirements for studying for vocational qualifications in the construction and property professions. The module also introduces you to the workings of the English legal system, to the law relating to contracts and to the regulatory framework affecting the use, management and development of land, in particular, planning, building control and the CDM regulations.
Appreciation of Technology
Through this module you will explore a range of basic principles of construction technologies used for contemporary buildings.
Introduction to Property and Real Estate
This module will provide you with an introduction to practical skills and knowledge which is widely used in the property sector. It will enable you to identify and use of relevant Codes of Practice in solving practical tasks and will provide you with an appreciation of the range of activities undertaken across the property and built environment professions.
Property and Real Estate Project
This project will enable you to identify and use of appropriate learning strategies that are applicable in property and real estate. You will be able to recognise and apply property and real estate discipline specific knowledge and practice to solve discipline related project tasks on an individual and team basis. You will also be able to identify and apply ethical codes of behaviour appropriate to property and built environment professional practice. This module will also give you the experience applicable ICT technologies relevant to property and real estate field of study.
This project is an opportunity to experience collaborative working in multi-disciplinary team. It will promote reflection on individual and team working and the nature of built environment projects. You will practice and further develop key skills required by a built environment professional. You will also develop written/oral communication, team working and inter-personal skills.
Through this module you will develop the application of conventional and contemporary valuation techniques. You will also develop an understanding of the UK national and local taxation systems and their effect upon property. It will introduce you to the principles of compulsory purchase and compensation.
Property Asset Management
This module will provide you with a thorough understanding of the principles and techniques of property asset management. It will enable you to apply these principles and techniques in commercial, residential and public sector/ third sector property management environments.
Property and Commercial Lease Law and Practice
Through this module you will further develop relevant legal skills and knowledge for students studying for vocational qualifications in the construction and property professions. The module will introduce you to aspects of the Law of Tort, Land Law and the Law of Landlord & Tenant which are directly relevant to the use, management and development of land, and to your future professional roles.
On this module you will develop a holistic understanding of the economic issues in property markets. The module will enable you to evaluate economic theory within the context of real estate and construction contexts and produce the creation and application of alternative approaches to market analysis and evaluation. You will identify and analyse industry-wide problems based on understanding of the market structure, performance and behaviour of the industry.
Planning and Development
Through this module you will develop an understanding of the functions of property management and development. You will understand the application and operation of leases. You will also develop an awareness and understanding of the property development process.
Property Finance and Investment
Through this module you will develop the principles of investment and the creation of value, use portfolio theory in investment management and demonstrate methods of measuring risk and return.
The aim of this module is to provide you with an understanding of property development as an industrial, financial and socio-political process. It will also enable you to develop the practical and entrepreneurial skills appropriate to the property development industry.
Introduction to Urban Regeneration
On this module you will create an awareness of key professional roles with the built environment sector and the responsibilities associated with the differing roles. It will provide you with an opportunity for investigative work to be undertaken via a case study or series of case studies to explore the nature of the built environment professions. You will develop an awareness of the key professional skills required by the differing identified discipline areas. It will also promote the on-going development of oral/written communication, team working and inter-personal skills.
Throughout this module you will explore contemporary valuation models and the potential models that might be applied in valuation practice. The module will enable you to establish the attributes of traditional valuation approaches under different valuation conditions. You will also explore the strengths and weaknesses of alternative valuation models and approaches and the issues of accuracy, independence, relationship with clients, behaviour and governance.
Property and Real Estate Practice
On this module you will undertake disciplinary team working in the context of a complex property, design and construction project based environment. You will further refine your key professional team working skills required by property, design and construction practitioners in the Built Environment. The module will enable you to further develop and practice discipline based key skills in simulated real world/problem based scenario. You will also develop a personal development plan that aligns to your learning needs and career aspirations and the requirements of professional institutions.
Discipline Research Project
You will develop your knowledge of good research practice through the completion of a written research proposal and a research document. You will also develop data analysis skills through the collection and critical appraisal of different sources of data.
Diary and log book
Work-based completion of diary and log book over degree duration - three monthly assessments of competence and six monthly counsellor led assessments.
Please note that it may not be possible to deliver the full list of options every year as this will depend on factors such as how many students choose a particular option. Exact modules may also vary in order to keep content current. When accepting your offer of a place to study on this programme, you should be aware that not all optional modules will be running each year. Your tutor will be able to advise you as to the available options on or before the start of the programme. Whilst the University tries to ensure that you are able to undertake your preferred options, it cannot guarantee this.
What will I be doing?
There are two distinct components to the degree apprenticeship – the academic degree programme and the work-based assessment.
Progress meetings will be held once every three months, where the University employer link tutor and employer supervisor will meet with you to review progress made. The end point assessment is the final assessment for the RICS Assessment of Professional Competence (APC).
From cyber security to biomedicine to architecture, our expanding suite of multidisciplinary courses shapes the next generation of scientists, engineers, consultants and conservationists. Through advanced research, we’re pioneering robotics and AI, smart environments and the appliance of data. With a team of over 200 dedicated academic, technical and administrative staff, you’ll experience a supportive, professional environment where you can realise your potential.
Salford is home to the unique Energy House – the only fully climate controlled research facility in the world. Built in 2011, this full-scale two-bedroom terraced house is inside an environmental chamber that can replicate almost any weather conditions. It is fully furnished and packed with a vast array of sensors that can monitor a wide range of variables.
Think Lab is our futuristic research environment. It leads the development of advanced technology platforms for smart city applications, collaborative engineering, industry collaborations, simulation and gaming applications, and interactive training and learning
What about after uni?
With an extensive understanding of the industry, you will be well equipped to pursue roles in a variety of areas including: property development, valuation, leasing, land economist, property sales, sustainability and asset management.
What you Need to Know
This programme is accredited by the Royal Institution of Chartered Surveyors (RICS), the Chartered Institute of Building (CIOB) and the Chartered Institution of Civil Engineering Surveyors (ICES).
In order to undertake this degree apprenticeship, you will need to be currently in full-time employment (minimum 30 hours a week), spending at least 50% of your time in England. In order to search for degree apprenticeship roles with local employers, please see www.gov.uk/apply-apprenticeship
The programme structure will be delivered on a part-time, day release basis over a three, four or five year period, subject to agreement by the employer and the University. For instance you can take advantage of enrolling on the University of Salford’s unique accelerated degree programme, completing your full degree within three years or you may decide with your employer to complete the degree on a part-time basis over five years.
Apprentices may start at any one of three points in the year – September, January and June with trimesters delivered on a rolling basis.
Which Qualifications do I need?
You will need to have GCSE maths and English at grade C/grade 4 or above. You will also need to have qualifications at Level 3 (A-level/BTEC) or equivalent. You will need the equivalent of 104 UCAS points (BCC) or relevant work experience that we can accredit.
Please be aware of the application deadlines below for each of our intakes. If an application hasn’t been received by this date, consideration will be given for the next available intake.
September 2019 – Wednesday 31st July 2019
January 2020 – Friday 29 November 2019
English and maths at grade C/grade 4 or above
You must fulfill our GCSE entry requirements as well as one of the requirements listed below.
UCAS tariff points
GCE A level
BTEC National Diploma
National Diploma MMM
BTEC Higher National Diploma
Higher National Diploma Pass in cognate subject for entry to level 5
Pass in cognate subject for entry to level 5
Degree in cognate subject for level 5 entry
Salford Alternative Entry Scheme (SAES)
We welcome applications from students who may not meet the stated entry criteria but who can demonstrate their ability to pursue the course successfully. Once we have received your application we will assess it and recommend it for SAES if you are an eligible candidate.
There are two different routes through the Salford Alternative Entry Scheme and applicants will be directed to the one appropriate for their course. Assessment will either be through a review of prior learning or through a formal test.
ENGLISH LANGUAGE REQUIREMENTS
Unfortunately we are not able to recruit international students onto our Higher and Degree Apprenticeship programmes.
The cost of the full degree apprenticeship programme is £27,000. The cost of the apprenticeship will be covered by your employer and/or the government. You will need to cover the cost of any study materials plus travel to and from campus if required.
The apprenticeship levy was introduced in April 2017 and requires all employers operating in the UK, with a pay bill of over £3 million each year to invest in apprenticeships.
The funding policy supports the changes to the way apprenticeships in England are paid for, underpinned by the apprenticeship levy of 0.5% of the annual pay bill for companies paying over £3 million per year.
There is also a co-investment model for companies who will not be paying into the levy. The government will cover 95% of the cost of the apprenticeship and the employer will only have to contribute the remaining 5%. Once payments have been declared to HMRC, employers will now have access to a digital apprenticeship account from which they will be able to access funding to pay for apprenticeship training.
The maximum amount of money allocated to each standard falls into one of 15 funding bands, ranging from £1,500 to £27,000. The Chartered Surveyor standard has been allocated the following funding band:
Funding band: 15
Funding band maximum: £27,000
Find out more at www.gov.uk/government/collections/apprenticeship-changes
Apprenticeship Levy vs CITB Levy
Please note, the apprenticeship levy is different to the CITB levy. You can find out more here.
You should also consider further costs which may include books, stationery, printing, binding and general subsistence on trips and visits.