SACPVP Associated Valuer study plan
SACPVP Associated Valuer · Give each week a clear focus.
8 weeks · About 7 hours per week
Valuation Principles and Methodology & Financial Mathematics and Investment Analysis
Derive and apply the five core valuation approaches (cost, sales comparison, income capitalisation, profits, residual) to a hypothetical subject property
Compute present value, NPV and IRR for a simple multi-year income stream by hand and verify with a spreadsheet
Distinguish gross versus net capitalisation and select the appropriate yield for a stated risk profile
Explain the difference between market value, fair value and investment value with reference to a defined standard
Your checkpoint
A one-page worked valuation of a single property using two approaches, with a reconciliation paragraph and a supporting DCF/IRR spreadsheet
Valuation Principles and Methodology & Professional Practice, Ethics and Statutory Framework
Apply the valuation process end-to-end (instruction, inspection, analysis, reporting) to a practice scenario
Identify the ethical duties of a valuer under a professional code, including conflicts of interest and confidentiality
Draft the key terms of an engagement letter for a mortgage valuation instruction
State the statutory and regulatory framework governing valuers in the relevant jurisdiction
Your checkpoint
A completed engagement letter plus a checklist mapping each valuation-process step to the evidence gathered
Property Law, Ownership and Title & Land Use Planning and Development Control
Compare freehold, leasehold, strata and co-ownership tenures and describe the rights each confers
Interpret a sample title and identify encumbrances, easements and covenants
Classify a development proposal against zoning and permitted-use rules
Outline the development approval pathway and the role of a valuer in it
Your checkpoint
A title-summary table for three sample titles with a short note on how each encumbrance affects value
Real Estate Markets and Economic Influences & Property Taxation and Statutory Valuations
Explain how interest rates, inflation and supply/demand shift drive property values
Distinguish market rent from contract rent and describe the effect of each on capital value
Compute a statutory rating or land-tax assessment from a supplied schedule of rates
Describe the basis and process for compulsory acquisition and compensation valuation
Your checkpoint
A market commentary of 400 words linking three economic indicators to a valuation conclusion, plus a worked statutory assessment
Building Construction, Measurement and Defects & Report Writing, Evidence and Professional Communication
Identify common structural and non-structural defects from a written description and state their valuation impact
Explain the purpose of measurement standards and compute gross and net lettable area for a simple floor plan
Structure a valuation report to a recognised standard (scope, basis, assumptions, caveats)
Draft a clear, defensible conclusion that separates fact from opinion
Your checkpoint
A full practice valuation report (1,500 words) with a defects schedule and an area calculation appendix
Professional Practice, Ethics and Statutory Framework & Report Writing, Evidence and Professional Communication
Prepare an expert witness statement that meets the duties of an expert giving evidence
Anticipate and answer cross-examination questions on assumptions and methodology
Apply the ethical rules on independence, fees and referral when an instruction is compromised
Write a concise file note recording a difficult client instruction
Your checkpoint
A mock expert report and a 10-question cross-examination script with model answers
Valuation Principles and Methodology & Financial Mathematics and Investment Analysis
Run a sensitivity and scenario analysis on a valuation model and interpret the results
Compute and explain weighted average cost of capital for a property investment
Reconcile a valuation where two approaches give materially different results
Check a valuation for internal consistency of assumptions, inputs and conclusion
Your checkpoint
A revised valuation model with three scenarios, a sensitivity table and a written reconciliation
Professional Practice, Ethics and Statutory Framework & Valuation Principles and Methodology & Property Law, Ownership and Title & Land Use Planning and Development Control & Real Estate Markets and Economic Influences & Property Taxation and Statutory Valuations & Building Construction, Measurement and Defects & Report Writing, Evidence and Professional Communication & Financial Mathematics and Investment Analysis
Sit a full-length timed mock exam under exam conditions
Diagnose weak domains from mock results and re-study the three weakest
Revise the key formulas and standards from a one-page summary sheet
Practise concise written answers to short-answer questions
Your checkpoint
A completed mock exam with a scored answer key and a one-page formula and standards summary sheet
Milestones
Week 2: Score at least 70% on a self-marked 20-question quiz covering valuation methodology and professional ethics
Week 4: Produce a market commentary and statutory assessment that a peer can review against a supplied marking rubric with no major omissions
Week 6: Deliver a practice valuation report and expert statement that meet the report-structure checklist at 85% or better
Week 8: Achieve 65% or higher on the full-length timed mock exam, with no domain scoring below 50%