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Procura
Online Training

International Standards Bundle

With the publication of the professional statements being released and updated regularly, make sure you are up to date on the new requirements. Ensure you have the skills and knowledge to comply with these global best practices.

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Session Duration:
3 hours
Venue:
Online
CPD:
3 hours formal CPD
From
$105

Course Overview

In an effort to ensure compliance with international standards, understand the purpose, application and benefits of the International Valuation Standards (IVS), Red Book and International Property Measurement Standards (IPMS): Office.

International Valuation Standards (IVS) 2017


As a valuer, you are relied upon in financial and other markets. Whether providing valuations for inclusion in financial statements, for regulatory compliance or to support secured lending and transactional activity, your services are essential to your clients and stakeholders. The International Valuation Standards Council (IVSC) has significantly revised its International Valuation Standards (IVS) to build confidence and public trust in the valuation process. The new guidelines create a framework to help you deliver credible valuation opinions in a professional and ethical manner.

  • Reasoning and theory behind the new IVS, whilst showing you how it practically applies to your role.
  • Demonstrate comprehension of the new mandatory requirements
  • Understand the role of practitioners, stakeholders and end-users
  • Review requirements for compliant valuation reports
  • Discuss impact that compliance has on client’s confidence

View our course page to find out more

Red Book: Purpose, Application and Benefits


This course will include the reasoning and theory behind the Red Book, whilst showing you how it practically applies to your role.

  • Context for the Red Book 2017
  • Contents of the Red Book 2017
  • Key changes from previous edition of global Red Book
  • Changes to the UKVS layout.
  • The international angle (IVS 2017)
  • Conflict of interest
  • Terms of Engagement - example
  • Reporting - example
  • Valuation bases
  • Other areas – loan security, contamination, uncertainty

*Note to participants: this course is designed based on global application of the standard and does not reference regionally specific application.

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International Property Measurement Standards (IPMS): Office


This course will focus on the impact of IPMS on built environment and property professionals. An ideal opportunity for anyone affected by the measurement of property to ensure they’re at the forefront of industry. Web class that examines all the pre-requisites to aid the approach to undertaking the valuation and providing competent advice to the client.

  • Aims and scope of the standard
  • Definition and use of  IPMS 1, IPMS 2: Office and IPMS 3: Office
  • Use of comparable evidence
  • Converting measurements using the IPMS convertor
  • Using the IPMS Convertor for dual-reporting
  • The impact for office and investment agency and valuation
  • The impact for planning, development and property management

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Who Should Attend

  • Real estate valuers
  • Business valuers – including accounts
  • Commercial Valuers
  • Residential Valuers
  • Professionals working with Valuers

Format

These on-demand video courses are recorded, instructor led program with interactions built in to test your knowledge.

Learning Objectives

By the end of the web classes, you will be able to:

  • Recognize the new requirements of the International Valuation Standards, Red Book and IPMS
  • Implement the steps necessary for application and compliance with these standards
  • Define the key stages required from initial instruction to final report
  • Provide/interpret compliant valuation reports
  • Review the relevant practical templates as examples of best practice
  • Apply and understand the new terminology and methodologies
  • Identify changes between editions of standards
  • Recognize the impact of each standard for investment, planning and management of the Built Environment

Questions

If you're interested in having this course delivered to your company, contact us.

Call +1 (212) 847-7400 or

Email us

Instructors

Ben Elder BA BSc FRICS ACIArb

RICS Global Director Valuation

Mr. Elder is a professionally qualified Chartered Surveyor with a track record of creating high-level strategy to drive improved markets in the real estate sector. He’s the Chair of the IVSC Tangible Assets Board, a member of IVSC Standards Board, the Director APIV Capping Liability Scheme, FIG Commission 9 Chair Elect a member of Bank of England working group on Long Term Value, the RICS PG Board Member for Americas, Europe, Middle East, Asia, Oceania and UK and the author of chapter in Routerlidge Real Estate Sustainability Handbook 2018.

 

Alexander Aronsohn BA BSc FRICS ACIArb

Director Technical International Standards

Mr. Aronsohn works with RICS Professional Groups as the Director of Technical International Standards. He sits on various valuation boards and working groups and is involved in shaping policy and best practice within this area. He’s responsible for the various RICS guidance notes, journals, articles, e-briefs, alerts and forums and communities produced and managed by these groups. The remit to support the marketing of RICS, the Red Book and other associated products and initiatives worldwide with particular emphasis on Europe, America, India, MENEA, Oceania and Asia. In addition, he is the Executive Secretary of the International Property Measurement Standards Standard Setting Committee and is currently involved in the drafting of the International Property Measurement Standards. I am also Executive Secretary of the International Ethical Standards Standard Setting Committee as the Interim IVSC Technical Director of Real Estate Standards.

 

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Foundation in Valuation Program Learn more

Valuation for Non-Valuers Learn more

Prices

  • RICS Professional rate $105
  • Non-RICS Professional rate $195
  • Visa

  • Mastercard

From
$105