Valuation Prospectus
A top-up qualification to the Level 4 Diploma in Home Inspection (Dip HI)Welcome to our Certificate in Valuation of Residential Property for Secured Lending Course
We are delighted to welcome you to our top-up training course leading to the ABBE Level 4 Certificate in Valuation of Residential Property for Secured Lending.
property-careers.com is an independent company specialising in providing top quality packages of training and business support for those wishing to qualify as a Licensed Home Inspector.
Part of the LSL Property Services plc Group of companies, property-careers.com is the country's leading Domestic Energy Assessor and Home Inspector training organisation.
As independent experts, we coordinate your complete training package from start to finish. You will have the benefit of a fully supported and mentored route to qualification, a unique offering in the marketplace.
Flexible Learning Course
To become a Residential Valuer you must demonstrate both your knowledge and your competence in the areas specified in the National Occupational Standards and this is achieved by passing the Certificate in Valuation of Residential Property for Secured Lending.
Designed with qualified Home Inspectors in mind, property-careers.com has developed a flexible learning course that provides a fast-track solution and a route to qualification in 3 to 4 months depending upon how much time you can devote to your studies. We fully appreciate that some delegates may progress through the course at a different pace to others.
We have developed this course in partnership with:
The Qualification
The ABBE Certificate in Valuation of Residential Property for Secured Lending is a VRQ (Vocationally Related Qualification) equivalent to a Level 4 NVQ qualification.
Guidance Tips to help you understand this qualification
- Understand what is involved for you in this type of qualification
- It is known as a vocational qualification (vrq) which means that the process for you gaining the qualification is similar to the process of gaining the Diploma in Home Inspection.
- Vocational qualifications are aimed at people within the workplace and therefore the process becomes work-based. The Candidate is assessed by approved Assessment Centres by trained Valuation Assessors.
- Assessment is made on candidate's work not just by the results of an examination as in a traditional assessment route, but by a variety of different methods: observation of the candidate, questioning the candidate, candidate providing evidence of their work, witness testimonies of candidate's work by line managers etc.
- All Assessors will be occupationally competent and will be looking to assess candidate's work against the National Occupational Standards
- The Assessor will need to confirm the competency of the candidate's knowledge and performance against the qualification standards.
- To become a Residential Valuer you will need to gain some additional knowledge and thus attend a training session blended with Distance Learning Materials.
However, it is important to understand that you will not become a Residential Valuer on the basis of attending a classroom based course - this is only one step in the process.
Who can become a Residential Valuer
The Qualification is only open to qualified Home Inspectors or candidates who have completed at least 60% of their Diploma.
The valuation units and evidence may be submitted while still compiling evidence for your Home Inspectors Portfolio.
It is imperative for all candidates to understand that their Portfolios of Evidence must still demonstrate the core competences for the whole assessment and the exam processes cover all 5 Units of the National Occupational Standards.
The Valuation Certificate will not be issued until the Diploma in Home Inspection has been successfully issued.
The MOL distance learning Workbook
The workbook has the following section headings and can be completed over a study period of about 6-7 weeks.
The workbook contains structured sections on Land Law, Planning and Building Regulations, Lending and Reporting Requirements, Professional Conduct, Valuation Theory, Valuation Methodology, Comparative, Investment and Residual Methods of Valuation as covered by the National Occupational Standards for Residential Valuers.
The workbook finishes with a section on lending requirements and mortgages which will then link in with the practical workshop delivered by both MOL and property-careers.com.
Section headings:
1. Supply and Demand Theory
2. Valuation Bases
3. Factors Affecting Property Value
4. Valuation Methodology
5. Professional Conduct and Lending/Reporting Requirements
6. Land Law, Planning and Related Legislation
The workbook is structured so that the candidate can undertake a considerable amount of self-checking of their understanding of the material by answering a range of questions linked to the text or set as a summary questionnaire at the end of each section.
Tutor Support
MOL, with its long experience of supported distance learning, recognise that despite this considerable level of self-checking built into the workbook, candidates will benefit from additional tutor support.
This is available through the year by telephone, email, fax or letter, whichever best suits the candidate. This allows candidates to work at their own pace at a time to suit themselves without the need to attend classes regularly, so that learning can be fitted around work and family commitments.
The one-day workshop
The one-day workshop in this part of the package is delivered jointly by MOL and property-careers.com.The workshop will include practical mortgage valuation case studies and will focus on the following areas:
- Gathering evidence
- Analysis and adjustment of comparable sales evidence
- Adjustment of valuation to allow for essential repairs or legal issues
- Supporting and justifying your valuation
- Completing an example mortgage valuation report
(Lunch and light refreshments will be provided at the workshop)
Portfolio Building
Towards the end of the training programme we will ensure that you receive appropriate advice and guidance to enable you to prepare and submit your Portfolio of evidence to your Assessment Centre.
This will cover the following:
- Match your evidence against the NOS
- Understanding the range of acceptable evidence
- How to meet the requirements of the National Occupational Standards
- The range of evidence required to pass the assessment
- Understanding and meeting the performance evidence requirements
- The effective use of witness testimony and candidate statements
- How to assemble other evidence of workplace performance
- How to claim credit for submitted evidence
- Effect of the Quality Assurance Matrix
- Understand relationships - You/Assessor
- How to build your portfolio using paper-based or eNVQ methods
- To ensure your evidence has a full range of property types and ages
Assessment
Delegates will then be taken through to the next stage of the qualification process by introduction to an appropriate ABBE approved Assessment Centre for your Portfolio Assessment.
Our unique, neutral position enables us to select from any of the UK Assessment Centres based upon their capacity and ability to cater for your specific needs.
We will however, continue to mentor you throughout this formal Assessment process and provide additional support.
ABBE External Exam
The final External Exam is available on-line as a multiple choice paper..
On passing the final exam, you will have achieved the ABBE Level 4 Certificate in Valuation of Residential Property for Secured Lending.
What happens next
Our Flexible Learning Course is a 3-4 month programme which includes:
- 6 - 7 weeks academic study MOL Workbooks
- The one-day workshop
- 2 - 3 months for portfolio building and assessment
- Full Support and Mentoring
- Taking the ABBE External Exam
Fees
Please register you're interest with proeprty-careers.comIntroduced Business and Recruitment Services
property-careers.com is at the cutting edge of property training and recruitment, with a hard-earned reputation for integrity, professionalism and market awareness.
the-energy-portal, a division of property-careers.com, has been created to secure business for freelance Home Inspectors and Domestic Energy Assessors and provides flexible supply solutions to pack providers, estate agents, letting agents, solicitors and the public. Membership of the-energy-portal is free and automatic for our students and graduates once qualified and licensed.
For those seeking a direct route to employment, our full ranges of recruitment services are available.
For further information
Contact property-careers.com or call us on free phone 0800 731 6804.
