NIESV FEM study plan

Map the Estate Management and Valuation Practice syllabus into a one-page concept map covering valuation bases, instruction types, inspection routines and report structure

Distinguish the five International Valuation Standards value bases and state in writing when each applies to Nigerian mortgage, probate and compulsory acquisition work

Outline the statutory and case-law framework of land tenure in Nigeria, tracing the movement from customary tenure through the Land Use Act 1978 to current reform proposals

Draft a glossary of 40 core terms spanning both domains with a one-sentence definition each

Work through the valuation approaches (comparison, income, cost, profits, residual) and write a worked example for each using realistic Nigerian market data

Explain the legal interests in land (freehold, leasehold, customary right of occupancy, statutory right of occupancy) and how each affects valuation assumptions

Summarise the key provisions of the Land Use Act 1978 on consent, revocation, compensation and certificates of occupancy

Analyse three Nigerian appellate decisions on land tenure and extract the ratio decidendi of each

Apply the valuation report structure required for mortgage, insurance, probate and compulsory acquisition instructions and note the differences in content and liability

Draft a full valuation report for a hypothetical mixed-use property in a Nigerian city, including inspection notes, comparables and caveats

Explain the statutory compensation rules for compulsory acquisition and calculate compensation for a worked scenario

Identify the regulatory and professional duties that attach to a valuer signing a report under the Estate Surveyors and Valuers Registration Act

Build a discounted cash flow model in a spreadsheet for a hypothetical commercial property investment and compute NPV, IRR and payback

Distinguish the main appraisal methods and apply the investment method, profits method and residual method to the same property to compare outputs

Explain the sources and cost of real estate finance in Nigeria, including mortgage products, development finance and the role of the primary mortgage institutions

Calculate and interpret key investment metrics: capitalisation rate, yield, cash-on-cash return, debt service coverage ratio and equity dividend rate

Explain how risk, inflation and market cycles are incorporated into property investment appraisal and adjust a DCF for three risk scenarios

Outline the property development process from site identification and feasibility through design, procurement, construction and disposal

Prepare a development appraisal using the residual method, testing sensitivity to construction cost and sales value changes

Identify the main construction procurement routes and contract types and state the risk allocation of each

Explain construction economics concepts including cost estimating, cost planning, cost control and life-cycle costing

Describe project management tools and techniques (work breakdown structure, critical path, earned value) and apply them to a small development scenario

Summarise the roles of the project team members and the statutory approvals needed for development in a Nigerian state

Outline the principles of facilities management and how they affect the long-term value of an estate

Summarise the regulatory framework governing estate surveyors and valuers in Nigeria, including registration, licensing and disciplinary procedures

Explain the professional code of conduct and apply it to five ethical dilemma scenarios in valuation and estate management practice

Describe the duties of an estate surveyor in agency, property management and valuation engagements, including client money handling and conflicts of interest

Identify the mandatory professional indemnity and continuing professional development obligations

Consolidate all five domains into a single revision matrix linking each syllabus topic to the study materials and practice questions completed

Complete a timed 100-question mock examination across all domains and score at least 70 percent

Review every incorrect mock answer and write a corrective note for each

Rehearse the ten most likely essay questions and produce outline answers under timed conditions