NIESV PPE study plan

Distinguish the five methods of valuation (comparative, investment, profits, residual, contractor's) and state in writing when each is appropriate and what data each requires

Compute Years' Purchase from a given yield and derive capital value from net income for freehold and leasehold interests, working 10 practice calculations to full accuracy

Apply depreciation and obsolescence adjustments to a replacement-cost estimate, showing the breakdown of physical, functional and economic loss

Identify the statutory and case-law basis for valuation standards in Nigeria and note where the International Valuation Standards and the Green Book diverge from practice

Value a leasehold interest with a ground rent and a reversion, splitting the term into profit-rent and reversionary segments and discounting each correctly

Explain the core doctrines of Nigerian land tenure: the Land Use Act 1978 vesting of land in the state governor, statutory and customary rights of occupancy, and the consent and revocation provisions

Compare freehold, leasehold, customary tenure and family land as bases of value, stating how each affects marketability and mortgageability

Draft a valuation report skeleton for a hypothetical commercial property, listing every section from instructions to certification

State the core ethical duties of the valuer (competence, confidentiality, independence, disclosure of conflicts) and apply them to three constructed conflict-of-interest scenarios

Outline the disciplinary process and the consequences of professional misconduct under the institute's code, distinguishing negligence from misconduct

Structure a professional valuation report to a defined format: terms of engagement, basis of value, inspection, analysis, assumptions, limiting conditions and signature

Identify the record-keeping, fee-quoting and client-money handling obligations that arise in practice administration

Draft a service-charge budget for a multi-let building, allocating recoverable costs and explaining how apportionment is calculated among tenants

Explain the landlord's and manager's duties on repairs, insurance, health and safety and statutory compliance, and identify the remedies for tenant default

Describe the estate agency process end to end: instruction, marketing, viewing, offer, due diligence and completion, noting the agency's disclosure duties

Distinguish the principal agency models (sole, joint, multiple) and state the commission and termination implications of each

Explain how demand, supply, location, accessibility and government policy interact to set land values, and apply the concept of highest and best use to two contrasting sites

Build a residual development appraisal from site value, construction cost, professional fees, finance, contingency and developer's profit, and test sensitivity to a change in sale price

Compute and interpret investment metrics: net operating income, capitalisation rate, gross and net income multipliers, cash-on-cash return and discounted cash flow

Compare the main sources of real estate finance in Nigeria (commercial mortgage, developer equity, institutional and pension-fund investment) and state the security and covenant terms lenders typically require

Distinguish arbitration, mediation, conciliation and expert determination, and state the enforceability and procedural consequences of each

Outline the legal framework for arbitration in Nigeria, including the Arbitration and Conciliation Act, the separability of the arbitration clause and grounds for setting aside an award

Explain the compulsory acquisition process under the Land Use Act: notice, inquiry, assessment of compensation and the heads of compensable loss

Prepare a valuation for compensation that separates land value, unexhausted improvements, disturbance and injurious affection, and identify what is not compensable

Describe the expert witness's duties to the tribunal, the difference between evidence of fact and opinion, and the requirements for a credible expert report

Explain the statutory planning controls that affect development: development control, planning permission, zoning, setback and density rules, and the consequences of unauthorised development

Apply environmental and sustainability considerations to a valuation: flood risk, contamination, energy performance and the effect of each on value and marketability

Identify the tenure and planning constraints that most often reduce value in Nigerian practice, and state how a valuer should disclose them as assumptions or caveats

Summarise the EIA process and the point at which environmental approval becomes a condition of development

Sit a full timed mock examination under exam conditions and mark it against the published domain weightings

Review every wrong answer and write a corrected one-line rule for each error, grouping them by domain

Rehearse the report-writing format so a full valuation report can be structured from memory in under 20 minutes

Consolidate the calculation formulas for all valuation and appraisal methods onto a single revision sheet and test recall without notes