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Land and Property Valuer Profile

 
Introduction

This Section of the site details information that you might find useful if you are looking to secure employment or require further details regarding working as a Land and Property Valuer. This page details the following Information:-

  • Finding Suitable Work as a Land and Property Valuer
  • Working Duties Expected
  • Hours and Environment
  • Working Skills Required
  • Training Requirements
  • Salary Expectations
  • Trade Information
  • Other useful Land and Property Valuer Work Information


Finding Suitable Work

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Working Duties Expected

Land and property valuers estimate the value of land, buildings and commercial property (real estate) for clients, with a view to maximising profit from any sale. Valuers are normally qualified surveyors who specialise in this particular field.

Part of the work involves compiling detailed reports for clients on the land or property concerned. Once details are agreed, the agent will organise the auction, market it to attract relevant potential bidders, and manage the auction process itself until a successful conclusion is reached.

Other aspects of the work include business valuations, compensation assessment, investment appraisal and performance measurement, rating and taxation, funding and financing and the measurement of property for agency and valuation purposes. Valuers need to have an appreciation of elements that can influence price such as site, business potential, and legal, social and economic factors.

Valuers can also specialise in valuing and auctioneering plant and machinery.

Hours and Environment

Valuers normally work 37 to 40 hours a week, however, for viewing property and holding auctions, some weekend or evening work may be necessary. Many auctions are held at weekends to attract the maximum number of potential bidders.

Outdoor work is common for land and property valuers. Auctions may also be held out of doors, when conditions permit. Valuers should be willing to travel and will usually need a driving licence.

Skills and Interests

To be a valuer and auctioneer you should:

  • have excellent communication and numeracy skills
  • have good presentation skills
  • be able to work under pressure
  • have the skills necessary to inspect property and investigate factors relating to valuations and sales
  • be able to prepare documentary evidence in connection with disputes over valuations.


Entry
 
Entry into the profession usually requires a degree or professional qualification which is approved by the Royal Insitution for Chartered Surveyors (RICS), a standards and membership organisation for professionals involved in land, valuation, real estate, construction and environmental issues.

A range of degree subjects are appropriate, including surveying, building quantity surveying and real estate management (valuation and management). Entry requirements are usually five GCSEs (A-C)/S grades (1-3), including English and maths, and at least two A levels/H grades. Vocational A levels/GSVQs Level 3 in subjects such as land management or construction are useful. Related BTEC HNC/HND or equivalent qualifications might also be acceptable.

For details of qualification equivalents see:

Qualifications and Curriculum Authority (England, Wales and Northern Ireland)
Scottish Qualifications Authority
An Access to Higher Education qualification may also be accepted for entry to certain courses. If experienced in a related field, you may be able to gain recognition of skills through Accredited Prior Learning (APL). Please check with colleges or universities for exact entry requirements.

Professional bodies publish lists of accredited courses. See contacts below.

Training

The Assessment of Professional Competence (APC), is the structured training period carried out by candidates who have graduated with an RICS-approved degree and have commenced employment. Candidates have to record a minimum of two years' experience followed by an interview in front of a panel of assessors. If they are successful at this interview they gain professional status.

The Assessment of Technical Competence (ATC) mirrors the format of the Assessment of Professional Competence (APC). It consists of a minimum training period of two years, after the appropriate level of qualification, with an interim assessment after one year. During this period candidates must accumulate and document, in a structured fashion, experience and competence relating to their route.

Successful completion of the ATC is the minimum standard for entry as a Technical Surveyor (TechRICS) - a qualification in its own right. Further details of both training schemes can be obtained from the RICS.

For graduates in other disciplines, a postgraduate qualification of the Royal Institute of Chartered Surveyors is available.

For qualified surveyors, auctioneering training would normally be given on the job.

To qualify as a chartered surveyor specialising in plant and machinery, Units 5 and 6 of the Diploma in Valuation (Plant and Machinery), need to be taken. Registration for the Diploma is available until 31 December 2003. After this date, this route will be replaced by a postgraduate conversion course. The syllabus is a combination of theory with a strong emphasis on practical application. For details on the Diploma, contact RICS.

The Institute of Revenues, Rating and Valuation (IRRV) offer a qualification that covers the valuation, legal and tax aspects of this job. The qualification can be studied via distance learning. Contact IRRV for details.

Opportunities

Opportunities exist in private practices such as estate agencies, auctioneers and surveying firms. Financial institutions, the Civil Service and local government, the Valuation Office Agency are other possibilities.

Many opportunities depend upon building up relevant experience, as well as possessing appropriate academic qualifications. Some valuers become consultants and work on a freelance basis.

Annual Income

This section is intended as a guide only.

Salaries vary depending on age, qualifications and experience; also demand for particular specialisms can affect salary levels.

Trainee valuers earn between £8,000 to £13,000 a year.
Experienced valuers earn between £15,000 to £23,000 a year.

Freelance valuers charge according to their experience and contracts.

Further information

Royal Institute of Chartered Surveyors
Surveyor Court
Westwood Way
Coventry
CV4 8JE
Tel: 0870 333 1600
www.rics.org.uk

Institute of Revenues, Rating and Valuation
41 Doughty Street
London
WC1N 2LF
Tel: 020 7691 8980
www.irrv.org.uk

Other Useful Land and Property Valuer Work Information

We have a section available at this site on Land and Property Valuer job interview tips that you may find of interest should you wish to brush up your skills in this area and we also have number of career articles that may also be of use to you from within our guides and documents section.

Locations where we feature Jobs include:-
Aberdeen, Berkshire, Aberdeen, Bath, Bedfordshire, Berkshire, Birmingham, Bradford, Bristol, Cambridgeshire, Cardiff, Central London, Cheltenham, Cornwall, Coventry, Derby, Devon, Docklands, Dorset, Dundee, Durham, East Midlands, East Sussex, Edinburgh, Essex, Glasgow, Gloucester, Hampshire, Hertfordshire, Kent, Lancashire, Leeds, Leicester, Leicestershire, Lincolnshire, Liverpool, London, Manchester, Middlesbrough, Midlands and in various parts of the West Midlands

Details of other Land and Property Valuer Jobs can also be found in other UK wide areas including:-
Milton Keynes, Newcastle, Newcastle Upon Tyne, Norfolk, North London, North Midlands, Northampton, Northamptonshire, Northern Ireland, Northumberland, Norwich, Nottingham, Nottinghamshire, Oxford, Oxfordshire, Plymouth, Salisbury, Scotland, Sheffield, Shropshire, Somerset, South East, South London, South Midlands, Southampton, Staffordshire Surrey, Swansea, Swindon, Telford, Wales, Warwickshire, West End, West London, West Midlands, Worcestershire, York and throughout Yorkshire.

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