CONTINUING PROFESSIONAL EDUCATION PROGRAM ON LAND VALUATION
| PROGRAM GOAL | The Continuing Professional Education Program on Land Valuation (CPEPLV) aims to develop technically competent, responsible and respected professional appraisers or valuers whose standards of practice and service shall be globally competitive and will promote the growth of the real estate industry. This program goal is adopted from the Declaration of Policy of the Real Estate Service Act (RESA) of 2009, otherwise known as RA 9646, Art. I, Sec. 2. |
| PROGRAM STRUCTURE | The CPEPLV shall be composed of four stand-alone courses, each consisting of 48 hours of instruction. A certificate of completion will be awarded for each successfully completed course. The following are the courses of the program: 1. Introduction to Land Valuation |
| MODE OF DELIVERY | The courses will be delivered online. |
| ADMISSION REQUIREMENTS | Those applying to enroll in any of the CPEPLV courses must have a baccalaureate degree in any field. |
| COURSE | CPEPLV 1. Introduction to Land Valuation |
| Course description | Overview of the concept, nature, practice and process of property valuation. Assumed knowledge: None. |
| Course goal | The course aims to introduce the student to fundamental concepts in the practice of land property valuation. |
| Course objectives | By the end of the course, the student should be able to: 1. Discuss the role of the land and property valuation and management sector in national development. 2. Identify the fundamental features of real property that distinguish it from other goods. 3. Discuss the features of property markets and how these affect property values. 4. Describe the property valuation process and apply its steps to the valuation of a simple property. 5. Explain the different methods of valuation and select the method that is appropriate to a given situation. 7. Conduct a valuation of a simple property and prepare a professional-standard valuation report. |
| Course contents | Module 1 Overview of Land Valuation and Management Module 2 The Nature of Real Property Module 3 Property Markets and Location Issues Module 4 An Outline of the Valuation Process Module 5 Defining and Analyzing the Problem Module 6 Factors Influencing Productivity Module 7 Instruction, Inspection and Risk Module 8 Most Probable Use and Most Probable Buyer Module 9 Market Comparison Approach Module 10 Cost or Summation Approach Module 11 Income Approach Module 12 Evaluation and Review of the Valuation Module 13 The Valuation Report |
| COURSE | CPEPLV 2. Development Controls and Construction |
| Course description | Study of the key factors that influence property values. Assumed knowledge: None. |
| Course goal | The course intends to provide the student with a working knowledge of the key factors that influence the valuation of properties with constructed facilities. |
| Course objectives | By the end of the course, the student should be able to: 1. Discuss property development controls, including the rationale for them, their effects on property values and their influence on the course of development on the landscape. 2. Explain the basic theoretical and practical concepts used in building construction 3. Explain the key elements of building construction—such as construction processes, building materials and building performance—that influence the value and management of a property. |
| Course contents | Unit I Property Development Controls and the Development of Infrastructure and Transportation: Their Consequences on the Value and Management of Properties Module 1 Property Development Controls and Considerations Module 2 Infrastructure and Transportation
Unit II Building Construction Module 3 Building Regulations Module 4 Permits and Approval Systems Module 5 Construction Processes, Stages, Materials and Techniques Module 6 Building Performance |
| Course | CPEPLV 3. Land Laws and Planning for Development |
| Course description | Introduction to contemporary land and real property laws in the Philippines as well as public administration and institutional systems with respect to land use planning and regulation for sustainable development. Assumed knowledge Topics covered in “Introduction to Land Valuation” and “Development Controls, Infrastructure and Construction”. |
| Course goal | This course aims to provide the student with a practical understanding of the basic concepts, principles and applications of land and real property law, resource management and interests in land, and land use planning and regulation for sustainable development |
| Course objectives | By the end of the course, the student should be able to: 1. Explain the concepts, principles, processes, systems of and practices in land laws and land use planning 2. Apply these basic principles and processes in assessing the various governance issues related to the roles of land laws and land use planning in sustainable development |
| Course contents | Unit I Land and Property Law Module 1 Basic Concepts and Principles in Land and Property Law Module 2 The Governance of Land and Real Property in the Philippines Module 3 Relevant Land and Property Laws Module 4 Issues and Prospects in Improving Land Legislation and Practice
Module 5 Basic Concepts and Principles Module 7 Relevant Land Use Planning and Regulation Laws Module 8 Issues and Prospects in Land Use Planning Unit III Land Laws and Planning for Sustainable Development |
| Course | CPEPLV 4. Statutory Valuation |
| Course description | Elements of government valuation including property taxation and assessment, national and local taxation on property transfers, compulsory acquisition and disposition, and code of ethics. Assumed knowledge Topics covered in “Introduction to Land Valuation” and “Development Controls, Infrastructure and Construction”. |
| Course goal | This course aims to: 1. provide the student with an in-depth understanding of valuation as implemented by the government for its purposes and 2. equip the student with all the essential tools of an effective government assessor. |
| Course objectives | 1. Explain the concept of property taxation within the national and international context, including the underpinning legislation. 2. Describe and apply the main valuation and assessment methods used in government valuation. 2. Discuss the areas of valuation related to the national and local taxation on property transfer taxes. 3. Explain compulsory acquisition and disposition, including the basic legislative rules underpinning the valuation process and related details such as value of land taken, severance and disturbance. 4. Define and discuss the ethical standards governing assessors. |
| Course contents | Module 1 Property Taxation and Assessment Module 2 National and Local Taxation on Property Transfers Module 3 Compulsory Acquisition and Disposition Module 4 Code of Ethics |
| Inquiries | For inquiries, please log on to www.upou.edu.ph or www.valuationreforms.org.ph You may also email fmds@upou.edu.ph or valuationeducation@upou.edu.ph for any concerns related to the CPEPLV. |
DP: February 2010
