NIESV FEM study guide
NIESV FEM · Work through your exam, one topic at a time.
The NIESV Fellowship Examination (FEM) is the advanced professional assessment associated with the Nigerian Institution of Estate Surveyors and Valuers, the body that represents estate surveying and valuation practice in Nigeria. Candidates typically already hold professional registration or full membership and are pursuing the Institution's highest professional grade, so the exam is written for practising estate surveyors, valuers, and property advisers who want to demonstrate mastery rather than entry-level competence. The NIESV FEM study guide has 6 sections and about 1,859 words.
01Estate Management and Valuation Practice
Estate Management and Valuation Practice is examined as a single workflow: instruction, terms of engagement, inspection, method choice, computation and a defensible report. Questions combine landlord–tenant management (rent, service charge, repairs, recovery of possession) with valuation of freehold, leasehold and rental interests, so you must know both the law and the arithmetic.
341 words, about 2 min02Property Law and Land Tenure
Property Law and Land Tenure tests the Land Use Act 1978 (Cap L5, LFN 2004) and the conveyancing that flows from it. Section 1 vests all land in a state in the Governor, to be held in trust.
354 words, about 2 min03Real Estate Investment, Finance and Appraisal
Real Estate Investment, Finance and Appraisal tests whether you can price a property as an investment and finance it prudently. Core tools are net present value, internal rate of return, payback, profitability index, cash-on-cash return and the capitalisation model.
305 words, about 2 min04Property Development
Property Development tests the route from site identification to disposal: market and site appraisal, feasibility, site assembly, planning permission and building approval, design, procurement, construction, marketing and handover. Development control matters: zoning, plot coverage, setbacks, parking, environmental impact assessment for prescribed projects, and infrastructure obligations.
274 words, about 1 min05Construction Economics and Project Management
Construction Economics and Project Management covers measurement, bills of quantities, cost planning, procurement, contract administration and programme control. Key instruments: the standard method of measurement adopted by the contract, preliminaries, provisional and prime cost sums, variations, interim valuations, retention (commonly 5%), defects liability, fluctuation clauses and final accounts.
271 words, about 1 min06Professional Practice, Ethics and Regulation
Professional Practice, Ethics and Regulation tests the rules that let a valuer's signature carry weight. The Estate Surveyors and Valuers Registration Board of Nigeria (ESVARBON) registers practitioners and firms and hears discipline through its tribunal; the Nigerian Institution of Estate Surveyors and Valuers (NIESV) sets membership grades, the code of conduct and the scale of fees.
314 words, about 2 min