SCSI Valuation Pathway Guide 2019

Your APC pathway guide to
Valuation Pathway Guide

Your pathway guide to Valuation
Contents
Introduction 4
Pathway requirements 7
Valuation APC 7
Competency guidance 8
Accounting principles and procedures (M001) 9
Auctioneering (T004) 10
Building pathology (T006) 11
Capital taxation (T009) 12
Compulsory purchase and compensation (T011) 13
Conflict avoidance, management and dispute resolution procedures(M006) 14
Construction Technology & Environmental Services 16
Contaminated land (T015) 17
Corporate real estate management (T019) 18
Corporate Recovery & Insolvency 20
Data Management 21
Development appraisals (T023) 22
Indirect investment vehicles (T043) 23
Inspection (T044) 24
Insurance (T045) 25
Investment management (including fund and portfolio management) (T046) 26
Landlord and tenant (including rent reviews and lease renewals) (T048) 27
Leasing/letting (T050) 28
Local taxation/assessment (T052) 29
Measurement (T057) 30
Planning development and management (T061) 31
Property finance and funding (T069) 32
Property management (T070) 33
Property management accounting (T071) 34
Property records/information systems (T072) 35
Purchase and sale (T073) 36
Strategic real estate consultancy (T079) 37
Sustainability (M009) 38
39
Valuation (T083)
41
Valuation of businesses and intangible assets (T088)
3
Your pathway guide to
Valuation
Introduction
About the APC How to use this guide
The RICS/SCSI Assessment of Professional Competence (APC) This guide is designed to help you understand more about
ensure that those applying for RICS/SCSI membership are qualifying as an RICS/SCSI member in valuation surveying.
competent to practise and meet the high standards of The material is set out in three sections.
professionalism required by RICS/SCSI. There is a wide range
of pathways available to qualify as an RICS/SCSI member Section one- provides information on this area of practice with
covering 19 different areas of practice, at APC (Chartered) level. a general overview of the valuation pathway.
The APC normally consists of: Section two- lists the competency requirements of the
valuation APC.
• a period of structured training
• a final assessment. Section three- describes the main technical competencies
associated with valuation surveying, providing expanded
The structured training is based on candidates achieving a sector specific guidance on each of them. This forms the
set of requirements or competencies. These are a mix of main part of the guide.
technical, professional, interpersonal, business and
management skills.
4
Valuation
About the competencies Choosing your competencies

The APC aims to assess that you are competent to carry out It is important that you give careful thought to your choice
the work of a qualified chartered surveyor. To be competent and combination of competencies. Your choice will inevitably
is to have the skill or ability to perform a task or function. The reflect the work you do in your day-to-day environment
RICS/SCSI competencies are not just a list of tasks or (driven by the needs of your clients/employer). Your choice
functions, they are also based upon attitudes and and combination of competencies will be a reflection of your
behaviours. The competencies have been drawn up in a judgment. At the final assessment interview, the assessors
generic way so that they can be applied to different areas of will take these choices into account. They will expect you to
practice and geographical locations. This guide is designed present a sensible and realistic choice that reflects the skills
to help you interpret these competencies within the context needed to fulfill the role of a surveyor in your field of practice.
of valuation surveying.
This guide should help candidates and employers with a
The competencies are defined at three levels of attainment degree of assistance in choosing the competencies that are
and each APC pathway has its own specific combination of most appropriate to their area of practice.
competencies that you must achieve at the appropriate level.
You must reach the required level in a logical progression and
in successive stages:
How to find help
Level 1 – knowledge and understanding
Level 2 – application of knowledge and understanding SCSI Education and Membership will be able to help you with
Level 3 – reasoned advice and depth of technical knowledge. any general APC queries:
T 01 6445500
The competencies are in three distinct categories: F 01 6611797
education@scsi.ie
Mandatory competencies – the personal, interpersonal, www.scsi.ie
professional practice and business competencies common to
all pathways and compulsory for all candidates. These are
explained in more detail in the APC Requirements and
competencies guide.
Core competencies – the primary competencies of your

chosen APC pathway.
Optional competencies – a set of competencies selected by

the candidate from a list defined for the particular pathway. In
most cases there is an element of choice. These are mostly
technical competencies, but certain mandatory competencies
also appear on the optional competency list and candidates
are permitted to select one of these at a higher level.
This guide only deals with the principal core and optional
competencies associated with this area. It does not cover
the mandatory competencies.
5
Valuation
About Valuation
Property valuation is a core skill of many RICS/SCSI members and forms part of the professional services provided
by many RICS/SCSI members. Professional valuations are vital to a healthy property market and a stable economy,
forming the basis of performance analysis, financing decisions, transactional or development advice,
dispute resolution, taxation and various statutory applications.
Robust practice standards form the basis of high quality valuations. RICS/SCSI is the world’s leading qualification
for valuation professionals and is well respected by employers and clients the world over.
Specialist valuers operate across a wide range of asset types, working in both the public and private sector, though
the most common asset classes include commercial, residential or rural property. Some valuers practise exclusively
in one of these areas, while others deal with a wider variety of property types.
Valuation APC For this reason the competency requirements of the Valuation
APC pathway are very similar to the Commercial Property and
The Valuation pathway ideal for anyone pursuing a career Residential APC pathways, and it draws candidates from a
in property who has a particular interest in specialising similar professional environment. Candidates undertaking the
in valuation. valuation pathway may gain their experience in either a
residential, commercial or rural property context – or a
Although valuation is a skill applied by chartered surveyors mixture of these.
across a wide variety of assets, this pathway is aimed at
individuals who work in commercial, residential or rural real
estate. Other areas, such as machinery and business assets,
arts and antiques or minerals have their own dedicated
RICS/SCSI pathways to entry.
Chartered alternative designations
The Valuation APC pathway places emphasis on competency related to this pathway
in valuation practice (which is required to level 3 in this
All candidates qualifying under the ValuationAPC
pathway). However, as with the other property pathways,
pathway will be entitled to use the designation
a broad base of experience in general property practice is
‘Chartered Valuation Surveyor’.
also required.
6
Valuation
Pathway Requirements
Mandatory
Level 3 • Ethics, rules of conduct & professionalism
Level 2 • Client Care
• Communication and negotiation
• Health and safety
Level 1 • Accounting principles and procedures
• Business planning
• Conflict avoidance, management and dispute resolution procedures
• Data management
• Diversity, inclusion and teamworking
• Inclusive environments
• Sustainability
Core
Level 3 • Inspection
• Valuation
Level 2 • Measurement
Optional
Three to Level 3 or two • Accounting principles and procedures or Conflict avoidance, management
to Level 3 and two to and dispute resolution procedures or Data (including fund management or
Level 2* Sustainability and portfolio management)
• Auctioneering
Plus, one to Level 2 • Building pathology
from the full list of • Capital taxation
technical competencies, • Compulsory purchase and compensation
including any not • Construction technology and funding environmental services
already chosen from the • Contaminated land
optional list. • Corporate real estate management
• Development appraisals
• Indirect investment vehicles
• Insurance
• Investment management (including fund
and portfolio management)
• Landlord and tenant
• Leasing and letting
• Loan security valuation
• Local taxation/ assessment
• Planning and development management
• Property finance and funding
• Property management
• Property management accounting
• Purchase and sale
• Strategic real estate consultancy
*Candidates in the Republic of Ireland must take Landlord and Tenant as an optional Level 2
competency
7
Valuation
Competency guidance
The pages that follow are intended to provide guidance for users on the main competencies
associated with valuation practice.
The guidance has been drawn up by experienced practitioners and aims to give you a clear and practical
understanding of how to apply the listed core and optional competencies in the context of property
vauation practice. The guidance does not cover the mandatory competency requirements.
The official competency definitions (at levels one, two and three) are provided, followed by a description of
the key knowledge and activities that are likely to fall within the scope of each competency.
The information provided is designed to be helpful but informal guidance. The knowledge and activities
described under each competency are not exhaustive, and should not be relied upon as any form of
revision list. Candidates must satisfy themselves and their employers that they have reached the required
level of attainment before applying for final assessment.
The competencies are arranged in alphabetical order.
The full list of RICS/SCSI competencies and pathway requirements can be found in the
APC Requirements and competencies guide
Accounting principles and procedures (M001) 9

Auctioneering (T004) 10
Building pathology (T006) 11
Capital taxation (T009) 12
Compulsory purchase and compensation (T011) 13
Conflict avoidance, management and dispute resolution procedures(M006) 14
Construction Technology & Environmental Services 16
Contaminated land (T015) 17
Corporate real estate management (T019) 18
Corporate Recovery & Insolvency 20
Data Management 21
Development appraisals (T023) 22
Indirect investment vehicles (T043) 23
Inspection (T044) 24
Insurance (T045) 25
Investment management (including fund and portfolio management) (T046) 26
Landlord and tenant (including rent reviews and lease renewals) (T048) 27
Leasing/letting (T050) 28
Local taxation/assessment (T052) 29
Measurement (T057) 30
Planning development and management (T061) 31
Property finance and funding (T069) 32
Property management (T070) 33
Property management accounting (T071) 34
Property records/information systems (T072) 35
Purchase and sale (T073) 36
Strategic real estate consultancy (T079) 37
Sustainability (M009) 38
39
Valuation (T083)
41
Valuation of businesses and intangible assets (T088)
8
Valuation
Accounting principles and procedures

Reference no. M001
Description of competency in context of this sector

This competency covers the basic principles of accounting and the interpretation of company accounts in order that reasoned
advice can be given to Clients.
Examples of likely knowledge, skills and experience at each level
Level 1 Level 2 Level 3

Demonstrate knowledge and Provide evidence of interpretation Provide evidence of reasoned
understanding of accounting of company accounts and balance advice given to clients with regard
concepts and the format and sheets in your area of practice and to profit and loss statements and
preparation of management and application of appropriate balance sheets.
company accounts, including profit accounting and regulatory
and loss statements, cash flow standards.
statements and balance sheets.
Examples of knowledge comprised Examples of activities and knowledge Examples of activities and knowledge
within this level are: comprised within this level are: comprised within this level are:
• An awareness of the Generally • The application of knowledge • Providing clients, in an appropriately
Accepted Accounting Principles obtained to achieve Level 1 and supervised manner, with reasoned
(GAAP) relevant to the candidate’s specific knowledge of the accounting advice relating to the financial
geographical area of experience standards that relate to property standing of a company e.g. for
and how property is treated in an • Considering financial statements to agency activities such as leasing,
entity’s accounts establish, for example, the financial buying and selling or to assess
• An awareness of International strength of an entity suitability for a commercial
Accounting Standards (IAS), • Reviewing and understanding relationship
broadly how IAS vary from National analyst’s reports on financial • Preparing, or assisting in the
GAAP and how property is treated statements, eg Dun & Bradstreet preparation of service charge
in an entity’s accounts prepared • Considering and understanding accounts
under IAS common financial measures such as • Preparing, or assisting in the
• An understanding of an entity’s return on capital employed, NAV, net preparation of management accounts
financial results and basic assets per share, gearing ratio, EBIT, for a property
accounting principles including EBITDA and PE ratio. • Preparing, or assisting in the
balance sheets, profit and loss and preparation of an entity’s accounts ie
cash flow statements balance sheet, profit and loss and
• An understanding of the role of cash flow statements
the Auditor. • Providing other professional advice
related to the interpretation and/or
preparation of accounts.
9
Valuation
Auctioneering
Reference no. T004

This competency reflects the complex factors governing auctioneering. It includes aspects of law of sale and contract,
misdescription etc, as well as requiring the candidate to have knowledge of the auction process and the reasons for
recommending sale by auction (or otherwise) over and above other methods of disposal.

Demonstrate knowledge and Provide evidence of the practical Provide evidence of reasoned
understanding of the basic application of your knowledge to the advice based on a thorough working
principles and legal obligations of preparation for the sale of property knowledge and experience of the
auction. This should include at auction and procedures prior to or auction process.
preparation for, and procedures during an auction.
prior to or during, an auction.
• The principles of the law governing • Compiling information relating to • Advising clients on the suitability of
auction and its implications property/assets to be sold at auction sale by auction
• An understanding of the processof • Producing market appraisals for • Advising clients on an appropriate
how an auction works, includingan reserve and guide price in auction auction reserve and guide price
understanding of the information preparation • Attending an auction and selling lots
required prior to auction and the • Assisting in the process of drawing • Involvement with a sale by auction
process on the day up auction catalogues from start to completion
• The online auction process. • Dealing with queries and issues • Managing an online auction sale
raised prior to the auction in • Accounting to clients post auction.
consultation with others
• Dealing with issues arising post
auction in consultation with others.
10
Valuation
Building pathology
Reference no. T006

Building Pathology is core to many areas of surveying. It is essential that all candidates have an understanding of defects
analysis, and the likely resultant defects from failures in building fabric. This will range from the effects of a defective waterproof
covering at simple building pathology, to much more complex defects such as interstitial condensation, and the possible effects
on building fabric. Candidates will be expected to have an in-depth knowledge of the range of defects found in typical buildings
in their locality, as well as an understanding of defects that they may come across more infrequently. In order to be competent in
building pathology and defects analysis candidates will need to have detailed construction technology knowledge.

Demonstrate your knowledge and Apply your knowledge to undertake Give reasoned advice and
understanding of building defects, surveys, use survey and other appropriate recommendations,
including collection of information, information to diagnose cause including the preparation and
measurements, and tests. and mechanisms of failure. presentation of reports.
• Defects relating to typical buildings • Preparing reports for clients, • Explaining the cause and mechanics
found in your locality, explain cause explaining in non-technical language of varying types of failure
and effect of these the causes of failure, and the likely • Explaining procedures for carrying
• Building defects likely to be results of failure, together with the out inspections of properties
encountered in typical building appropriate remedial measures • Explaining, with use of detailed
surveying activities • Using information gathered from examples, the relationship between
• The various methods to collect, store inspections to formulate the observations taken on site and the
and retrieve information for various necessary remedial/preventative diagnosis of failure in building fabric
differing purposes when carrying out works including specific detail, in the • Using knowledge and information
property inspections form of a schedule of works, if gathered from several sources,
• The various types of inspection that required including if necessary specialist
may be carried out, and the • An understanding of the appropriate inspections, to diagnose and explain
importance of the accuraterecording level of detail required in typical building fabric failure
of information during inspection reports, including examples of layout, • Incorporating defect remedy costs in
• Differing types of testing, and the and the use of sketches/drawings valuation advice to clients.
limitations of the tests, for example and photographs
the use of damp meters, and other • Discussing in detail examples of
relevant equipment. unusual defects you have been
involved in and remedial works
employed
• Demonstrating the different
requirements of reports to clients,
(for example the differences
between, schedules of condition,
schedules of dilapidations, and pre-
acquisition reports)
• Using examples, from your own
experience, to demonstrate your
application of knowledge gained at
Level 1
• Costing defect remedy for
comparable analysis and valuation.
11
Valuation
Capital taxation
Reference no. T009

This competency includes valuations and negotiations for inheritance tax, capital gains tax, which may also include advising on
stamp duty, capital allowances and advising on litigation. It involves measurement of and analysis of comparables and
application of evidence to resolve negotiations. It also includes application of statute and caselaw.

Demonstrate knowledge and Undertake valuations and Provide evidence of reasoned
understanding of the relevant negotiations for a variety of advice to stakeholders (to include
provisions for capital taxation different property types using senior management within
of real estate, equipment and/or different valuation methods for your organisation, clients and
other property. the purposes of capital taxation. courts/tribunal members) in
respect of specific cases and/or
other capital taxation issues.
• Code of measuring practice to • Undertaking measurement and • Advising on settlement or litigation
include zoning of shops inspection of cases
• Application of statute and case law • Undertaking valuation of a range of • Advising on the costs of options
• Analysis of evidence and relevance property types and actions
of the law of Landlord and Tenant • Using different methods of valuation: • Advising on the impact of such
• Valuation methods applicable to using comparables, the investment actions across the wider arena
different types of property. method, profits and discounted cash • Advising on appropriate reliefs and
flow techniques where appropriate exemptions for capital tax.
• Incorporate taxable deductions
without capital tax valuations
• Negotiating valuations or bandings
and settlement of cases
• Producing valuations on historic
valuation dates for tax purposes
• Participating in the preparation of
cases to proceed to the appropriate
tribunal.
12
Valuation
Compulsory purchase and

compensation
Reference no. T011

The understanding and practical application, within the appropriate legal framework, of compulsory purchase powers. Including
the assessment of and claim for compensation. The candidate is expected to have an understanding from both the acquiring
authority and claimant’s position.

Demonstrate knowledge and Assist in the preparation of the Provide evidence of reasoned advice
understanding of the powers and various stages involved in the in relation to the validity and level of
procedures of government and process of compulsory purchase a claim for compensation, using a
other bodies in relation to the including the estimation of a claim variety of valuation methodologies
compulsory purchase and for compensation. appropriate for the circumstances of
compensation. This should cover the claim. Take an active role in the
interests in real estate and of the negotiation of claims, using a variety
rights of owners and occupiers of of bases of statutory and other
the various interests in property. valuation methodologies. Provide
reasoned advice on the role of
compulsory purchase in facilitating
planning and regeneration initiatives.
• The historical background, • Outlining the stages and timing • Supplying and justifying evidence for
requirement for and justification of involved in making, confirming a statement of claim using both
the use of compulsory purchase and implementing a compulsory valuation and logical techniques to
powers purchase order back up the quantum of the claim
• An overview of the various • An understanding of statutory • Dealing with best practice in the
legislation covering acquisition of abilities to acquire rights other than implementation of a compulsory
land and rights, planning and outright purchase, such as those purchase order on say a road
compensation exercised by utilities companies scheme
• The basic principles of • Setting out heads of claim under a • Developing a rationale for the use of
compensation (the before and after compensation claim compulsory purchase powers in
principle), accommodation works, • Being aware of and using order to enable development, taking
betterment, equivalence and the appropriately the relevant statutory into account human rights legislation.
legal right to claim. and case law in the assessment of a • Being aware of the fee basis for
claim for compensation. chartered surveyors and the role of
the Property Arbitrator as well as
mediation/arbitration.
• Assisting in the preparation for and
attendance at an Oral Hearing into
a Compulsory Purchase Order
including understanding of
procedure and process.
13
Valuation
Conflict avoidance, management

and dispute resolution procedures
Reference no. M006

This competency covers knowledge, understanding and application of a range of processes related to dispute/conflict
avoidance, management and dispute resolution.
Level 1
Demonstrate knowledge and
understanding of the techniques for
conflict avoidance, conflict
management and dispute resolution
procedures including for example
adjudication and arbitration,
appropriate to your APC pathway.
Examples of knowledge comprised • Mediation (could include contracted

within this level are: and project mediation) and
A basic knowledge and understanding conciliation
of some of the following, as most • Early Neutral Evaluation (ENE)
appropriate to your market • Dispute Resolution Boards (DRBs)
sector/areas of specialism: • Dispute Resolution Advisers (DRAs)
• Adjudication
• Common causes of disputes • Independent expert determination
• The contribution of some of the • Arbitration; med-arb
following to dispute avoidance: • Litigation
• Risk management – its basic • The possible roles of a surveyor as
principles and techniques an expert witness and/or an
• Early warning systems advocate, to include an awareness of
• Partnering techniques the existence and scope of
• Clear and robust client briefings applicability of the RICS/SCSI
• Theories of negotiation and the role Practice Statements and Guidance
of effective communication and Notes for expert witnesses and
negotiation advocates
• The primary features, advantages • The range of nominating bodies and
and disadvantages of a range of services available to resolve
dispute resolution procedures and disputes, and particularly the role of
their surrounding statutory and/or the RICS/SCSI Dispute Resolution
non-statutory legal/judicial context Service and any specialized dispute
(eg how forms of contract deal with resolution schemes it offers relevant
dispute resolution, and the scope of to your market sector.
such clauses):
Continued over page >
14
Valuation
Conflict avoidance, management

and dispute resolution procedures
Reference no. M006
Continued
Level 2 Level 3
Provide evidence of practical Provide evidence of the application
application in your area of practice of the above in the context of
having regard to the relevant law. advising clients in the various
circumstances referred to above.
Examples of knowledge comprised • Assisting in the collation or Examples of activities and knowledge
within this level are: preparation of claims/counter-claims comprised within this level are:
• Advising clients of the most suitable and submissions • Involvement in, or assistance with, a
means of dispute avoidance on • Assisting in the identification, referral to a 3rd party resolution
their projects, and of dispute gathering and collation of facts process and associated
resolution procedures appropriate and expert evidence for use in management of that process on
to their individual circumstances, expert reports behalf of client.
demonstrating appreciation of when • Sufficient understanding of the • NB: Please note that the roles of
to seek further specialist advice and main points of the statutory or acting as a 3rd party dispute resolver,
when to advise clients within the non-statutory law relevant expert witness, or advocate, are – for
scope of the P.I. cover of the to/underpinning any particular the vast majority of APC candidates
candidate’s organization dispute resolution process and its – not likely to be an activity that is
• Adopting - or encouragement of the application. undertaken. It is only a small minority
adoption of (as appropriate) – of candidates with substantive work
suitable dispute avoidance experience for whom this is likely to
techniques be relevant.
• Negotiating actively on behalf of
clients (e.g. negotiations of a
dilapidations claim, a party wall
award or final account on a
construction project) prior to third
party referral
15
Valuation
Construction Technology &

Environmental Services
This competency covers forms of construction of buildings, building services provision and technical operation of buildings and
other structures. It includes the design or assessment of forms of construction and construction processes commonly used in
the industry which are relevant to candidates’ chosen field of practice.

Demonstrate knowledge and Apply your knowledge to the design Advise on the implications of
understanding of the principles of and/or assessment of selection and application of
design and construction relating to construction forms or processes. particular forms or processes within
your chosen field of practice. your area of experience. This should
include liaison with specialists and
consultants.
• The stages of design and • Utilise knowledge of current • Provide advice and
construction from inception to regulations and design standards to recommendations on forms of
completion ensure compliance with legislation construction
• The impact of current legislation • Prepare annotated sketches detailing • Reporting on the impact of different
regulations and standards both how elements interact design solutions and
national and international • Identification of mechanical and construction processes
• How the various elements of the electrical services relevant to the • Advising on how different design
building work and inter-relate, area of work. solutions affect value.
including: sub structures, super • Assessment of design solutions,
structures, mechanical and including form of construction,
electrical, elevation and fenestration services, and cost in use and how
• The process of construction and this affects value.
alteration
• Operational and maintenance
processes
• Alternative construction details in
relation to functional
elements of the design such as
different types of piling or
structural frame solutions
• How construction design solutions
vary for different types of buildings
such as clear span or acoustic
requirements.
16
Valuation
Contaminated land
Reference no. T015

This competency is about an understanding of contaminated land in the context of urban and rural land and property asset
management, transaction and development, law and planning.

Demonstrate knowledge and Prepare a brief and/or specification Supervise a site investigation,
understanding of how land becomes for the appointment of a specialist(s) interpret the results of
contaminated through human to undertake a site investigation. laboratory analyses and
activities and natural occurrences. make recommendations
Clearly illustrate the implications of as to remedial treatments.
contamination for real estate
valuation, development and
management.
• Areas of professional practice • Advising clients on the application of • Providing reasoned advice on
where contaminated land is contaminated land to their asset contaminated land issues to clients
relevant, eg management, management, planning and • Assisting in project management of
transactions, environmental development projects and undertaking phased
assessment • Advising clients on the law and contaminated land assessments and
• The relevance under Planning Policy regulation and procedures and remediation options appraisals
Guidance and RICS/SCSI Published RICS/SCSI guidance and practice • Negotiating and liaising with clients
Guidance and Practice Notes appertaining to contaminated land and regulators on contaminated land
• Demonstrate an understanding of • Assembling specialist team members issues
the limitations upon Chartered to advise on contaminated land • Working with specialist project teams
Surveyors in this area, eg assessment and remediation dealing with contaminated land
Professional Indemnity Insurance. • Undertaking Review Stage 1 and assessment and remediation.
desk top environmental reports and
advise clients accordingly.
17
Valuation
Corporate real estate management

Reference no. T019

This competency covers the strategic management of occupational property – the space a business or public body needs in
order to operate – taking an overall strategic view about its suitability for that business operation and the financial implications of
continued occupation whilst ensuring that the facility is managed on a day to day basis in a cost effective and high quality
manner to maximize occupational productivity.

Demonstrate knowledge and Apply your knowledge to the Provide evidence of reasoned
understanding of the role of real management of corporate real advice on corporate real estate
estate in the context of the estate under appropriate strategy to the corporate occupier
corporate occupier. supervision. in order to meet business needs.
• Understand the role of property, • Understanding of the criteria which • Advising on property and facilities
space use and the financial drive business/public authority management strategies
implications of acquisition/leasing strategy formulation and how aligned demonstrating the following:
accommodation as well as the accommodation and facility service • a full understanding of the business,
ongoing occupational costs of provision strategies are then its strategies and financial
running the facility in the context of developed constraints;
business/public authority • Demonstrating the importance of • corporate support at a senior and
operations aligning operational resource preferably, Boardroom level;
• Understand the key interaction of planning to meet strategic business • a strategic, not a tactical day to day
property (accommodation), people requirements approach to delivery;
(staff/customers), place (location) • Awareness of the financial • an ability to procure and manage the
and euro (financial effects) in the implications of property and facility effective and high quality provision of
context of business or public sector management to business operations a wide range of facilities services;
operations. – the effect on the balance sheet and • full knowledge and reliable data of
on the P & L account the operational portfolio;
• Using analysis techniques associated • IT availability and user skills.
with comparative returns on • Developing property and facilities
investment, for example in various management plans which support
fit-outs and the return to the the relevant business and include
business in the short, medium and some or all of the following strategic
longer term. Familiarity with life cycle requirements:
costing and whole lifereturns on • occupation cost minimisation;
facility investment should be • flexibility of occupation and use
demonstrated • promotion of corporate image;
• Communicating the strategic • promotion of a marketing, sales
importance of property and and/or selling messages;
facilities management within a
boardroom context. Continued over page >
18
Valuation
Corporate real estate management

Reference no. T019
Level 3 continued
Provide evidence of reasoned
advice on corporate real estate
strategy to the corporate occupier
in order to meet business needs.
• improving staff facilities, workplace

conditions and workstyle flexibility;
• improved operational efficiency
and productivity;
• facilitating corporate culture
changes;
• protection, realisation and/or
enhancement of asset value.
• Using of performance measurement
techniques and benchmarking as
valuable indicators by which to
formulate and ‘test’ property and
facilities management strategies
and evidence the added value of
strategically focused property and
facilities management to the
business.
• Using and understanding the
various methodologies and metrics
used by businesses and public
bodies to measure business
performance and develop an
understanding of how these may be
used to measure the contribution of
property and facilities management
to business efficiency, effectiveness
and productivity.
19
Valuation
Corporate Recovery & Insolvency

This competency relates to providing reasoned valuation advice to parties when a business is struggling to meet its
commitments. This could include working with a Fixed Charge Receiver or advising insolvency practitioners or turnaround
specialists and lenders amongst others. It includes valuation advice on a variety of assets including, business assets, intangible
assets, R&D and liabilities as well as trading related real estate and occupational premises.
Note: for the purpose of this competency the term “Fixed Charge Receiver” can be locally interpreted as per the candidate’s
geographical location as required.

Demonstrate knowledge and Demonstrate an understanding of Provide evidence of reasoned
understanding of the role of the the professional services required advice, prepare and present reports
Chartered Surveyor in corporate for the various types of appointment on the assets of insolvent
recovery and insolvency situations. that can be made to administer/ companies and individuals and/or in
manage the affairs of insolvent and the administration of Fixed Charge
potentially insolvent companies and Receivership appointments.
individuals.
• Different types of insolvency routes • Understanding clients’ needs • Providing input into advice/strategy
for both personal and corporate • Undertaking oral and written with regard to needs and timetable of
• Understanding of rights and communication with you, clients and clients
remedies available to creditors other stakeholders • Implementing advice/strategy and
• Difference between floating • Implementing agreed strategy ability to adapt this as events unfold
charge/debenture and Fixed • Liaising with other professional • Advising on subject assets and
Charge. advisers as part of a ‘team’ preparation of schedule of assets
• Differentiating alternative handling of with consideration to different titles
encumbered, unencumbered or third- of ownership
party assets • Providing valuation reports detailing
• Understanding the requirements and the extent of unencumbered,
considerations for securing encumbered and third-party assets
assets for different types of • Providing valuation advice using
insolvency appropriate bases of value to include
• Understanding the protection disposal considerations and
afforded to a company prior to and recommendations.
during formal insolvency process • Providing advice to clients following
• Being involved with the receipt of offers to purchase
instruction/appointment from start to • Handling Retention of Title claims
finish. including obtaining and assessing
relevant evidence, to provide advice
to clients
• Managing and monitoring finances
relating to an instruction including
proceeds of sale, disbursements and
accounting to clients.
20
Valuation
Data Management
Reference no. T089

This competency covers how data relating to individual projects and a surveyor’s work generally is collected, stored and retrieved.
In addition to having knowledge of the different storage systems and data sources and how they work, a candidate should also
understand the principles behind the systems and what makes them effective. Candidates should also have knowledge of how
general information and data is managed on a project and the increasing use of computerised central projectdatabases.

Demonstrate knowledge and Provide evidence of practical Provide evidence of reasoned
understanding of the sources of application in your area of practice advice given to clients and others
information, law and data and understand the relevance of on the use and practical application
management methods, and the information gathered and the uses of the information collected and
systems applicable to your area of to which it can be applied. Analyse systems used, and/or specify the
practice, including the the information and data collected. most appropriate way for your own
methodologies and techniques most and/or client organisation to collect,
appropriate to collect, collate and analyse and apply relevant
store data. information and data.
• The use of published sources of • Obtaining data from published • Advising on data storage system
data sources for use on a project • Advising on business filling systems
• How data is collected, analysed and • Obtaining data from in-house • Benchmarking from analysed historic
stored within your employer’s sources data
organisation • Extracting data for inclusion in a • Advising on the use of a
• How project information is stored database computerised central project
within your employer’s organisation • Setting up and using paper based or database
• How electronic database systems electronic project filling systems • Complying with client’s data security
work • Using a computerised central project requirements.
• The use of computerised central database • Inputting and extracting
project databases or Building data from BIM
Information Modelling, the benefits, • Retrieving information from a
challenges and dangers technical library
• How technical libraries are set up • Setting up a technical library.
and used
• Legislation applicable to data
management and data access.
21
Valuation
Development appraisals
Reference no. T023

This competency is about the role of development appraisals in residential and commercial development.
Development appraisals also have a role in residual valuations of development sites but it should be
remembered that the two are different activities.

Demonstrate knowledge and Identify, select, assemble and Interpret and provide evidence of
understanding of the principles analyse data relevant to carrying reasoned advice on development
and practices underlying a valid out development appraisals. appraisals and further
development appraisal. Undertake appraisals using relevant opportunities.
techniques and methodology and
identify possible sources of
development funding.
• The role of development • Analysing appropriate sources of • Using development appraisals to
appraisals inthe marketplace information and data advise on the acquisition, disposal or
and the situationswhere their • Preparing appraisals for possible valuation of development sites
use is appropriate acquisition, disposal or valuation of • Advising on the viability of schemes
• The content of appraisals and development sites including using development appraisal
howdifferent issues such as residential, commercial and/or techniques
planningrequirements can be mixed use • Advising on the financial viability of
reflected • Using different techniques and planning mitigation measures via
• The sensitivities of appraisals, software available for appraisals development appraisal
whatfactors affect the appraisal (whilst having an understanding of • Advising on appropriate benchmark
• Awareness of external factors the basic principles of development land values
whichhave an influence upon the appraisal) • Producing reasoned analysis of risk
appraisalprocess. • Undertaking a sensitivity analysis using appropriate sensitivity analysis
• Assisting in the selection of • Advising on the appropriate sources
appropriate sources of of development finance.
development finance.
22
Valuation
Indirect investment vehicles

Reference no. T043

This competency is about developing an understanding of indirect investment vehicles and debt structures. It requires an
awareness of existing vehicles and trends in the market and an ability to advise clients on optimal indirect investment solutions.

Demonstrate knowledge and Apply your knowledge to identify Assist in the analysis and
understanding of the principles of which structures might suit an preparation of reasoned advice
indirect investment including the investor or lender in any given covering the benefits or otherwise of
different structures and instruments scenario. Understand the indirect investment. Participate in
relating to the ownership and management and risk issues that the establishment and management
funding of real estate. may differ from a more direct form of such vehicles and demonstrate an
of investment. Gain an appreciation understanding of how these vehicles
of how investing indirectly can impact the larger direct market.
assist portfolio risk and return
management.
• Understand the different forms of • Understanding the investment • Advising on indirect vehicles to
indirect investments implications of indirect forms of invest in
• Understand how property derivatives investment for clients • Advising clients seeking to divest on
work • Reviewing structures for indirect possible solutions such as indirect
• Understand debt structures such as investment vehicles. vehicles, derivatives, etc.
CMBSs
• Be aware of trends in the indirect
investment markets and the reasons
clients invest indirectly
• Understand the attractions of
varying forms of indirect holding.
23
Valuation
Inspection
Reference no. T044

Property inspection is fundamental to providing accurate property advice. It is important that candidates are able to
demonstrate knowledge and understanding of the core requirements of property inspection. Assessors will be seeking
confirmation that all candidates have a good knowledge of building construction, location analysis and defects.

Demonstrate knowledge and Undertake inspections and apply Provide evidence of reasoned
understanding of the different the information gained to prepare advice and recommendations
requirements for inspection, reports, schedules and/or registers arising from inspections.
together with the required of equipment, presenting
information and factors affecting appropriate information gained
the approach to an inspection. from the inspection.
• Understand the requirements and • Accurate recording of building and • Preparing reports for clients,
reasons for a property inspection site characteristics containing detailed information
• Understand safety issues when • Preparing (or assisting in the particularly with regard to valuation
undertaking an inspection preparation of) reports for clients reports and the marketing of
• Implications of location and situation • Understanding potential defects of buildings
• Identify access arrangements buildings and implications • Providing detailed reasoned advice
• Basic knowledge of building • Assessing quality of location, to clients
construction and specification design and specification • Making clients aware (where
• Awareness of the legal requirements • Inspecting comparable properties in appropriate) of their statutory
that impact upon the preparation for valuation.. responsibilities
occupation/ownership of buildings. • Giving reasoned advice regarding the
impact of location, quantum and
obsolescence
• Giving reasoned advice on the
impact of matters noted during
inspection on value.
24
Valuation
Insurance
Reference no. T045

In this context many candidates will be involved with insurance in relation tore-instatement and owner/tenant liability.
The candidate should demonstrate a thorough working knowledge of how insurance is dealt with, and likely costs in
the market place.

Demonstrate knowledge and Apply your knowledge and/or be Demonstrate a thorough
understanding of the principles and involved with the insurance of understanding of the regulations
practices of insurance in relation to construction and/or property- and practice governing the
your area of practice. related matters. insurance of construction and/or
property related matters.
• Elements comprising property/ • Placing insurance relating to • Undertaking assessments and
assets and liability insurance property/assets and liability and the valuations for insurance purposes
• The regulations governing the role of underwriters, brokers, risk • Negotiation with insurance
placing of insurance policies engineers, etc. companies in relation to policy
• The major terms and factors • Inspection of property/assets to details and wording
influencing Insurance ensure compliance with terms of • Ensuring compliance with regulations
• The general principles of Insurance insurance policy and governance of insurance.
Risk Management and maximum • Liaising and negotiating with tenants
probable loss calculations or owners of the insured assets
• The impact of statutory requirements • Dealing with claims arising from start
such as health and safety to completion
regulations following losses • Ensuring compliance with regulations
• The relating to the ‘Additional Costs and governance of insurance
of Reinstatement’, i.e. fees, debris • Negotiation with insurance
removal costs, compliance with EU companies in relation to policy
and other legislative requirements. details and wording.
25
Valuation
Investment management
Reference no. T046

To be conversant with the key principles of investment management theory and practice. Acquire and develop detailed asset
management expertise and knowledge across a broad range of sectors and be able to apply these in a strategic context.

Demonstrate knowledge and Apply the principles of managing Provide evidence of reasoned
understanding of the principles of property as a financial investment. and strategic advice on property
financial investment in property. as a financial investment, including
the preparation and presentation
of reports.
• Grasp the fundamental elements of • Assisting on selected asset • Generating and implementing
property returns including capital management activity and strategic advice independently both
and retail returns, plus how these demonstrate how this fits into the at portfolio and asset specific level
are generated in practice portfolio strategic performance plan • Reporting in a manner that
• Understand the mainstream types • Working with fellow project appropriately communicates this to
of property valuation and be professionals from a diverse range of clients and/or advisers in a focused,
conversant with the theory backgrounds, drawing various skill relevant manner
behind these bases together to achieve an asset or • Working knowledge of key legislation
• Gain a good working knowledge portfolio objective and regulation.
of the principles of portfolio • Awareness of appropriate legislation
management and asset and regulations relating to the
management. management of property as a
financial investment.
26
Valuation
Landlord and tenant

Reference no. T048

This competency is about the management of the landlord and tenant relationship. It has a broad scope covering all aspects of
lease negotiations arising between landlord and tenant. The candidate will be expected to understand the issues and how they
affect both parties.

Demonstrate knowledge and Apply the principles of the law and Provide evidence of reasoned
understanding of the law and practice relating to landlord and advice, prepare and present reports
practice relating to landlord tenant. Carry out relevant on the law and practice relating to
and tenant. negotiations to provide solutions landlord and tenant. Apply your
to issues affecting both owners knowledge to assist in undertaking
and occupiers of real estate. relevant dispute resolution
procedures.
• The principles of property law • Reading and interpreting leases • Providing strategic advice upon
• The statutory and common law • Preparing reports containing landlord and tenant matters, relating
framework applying to the landlord recommendations prior to the to individual properties or blocks of
and tenant relationship commencement of negotiations properties
• The content, form, and structure • Giving appropriate valuation advice • Dealing with more unusual/
of leases • Carrying out market research, challenging cases
• Relevant market conditions and collating and analysing comparable • Providing advice as to alternative
property values. evidence dispute resolution options in the
• Preparing, serving and responding to event of breakdown of negotiations
legal notices and taking any necessary action to
• Entering into negotiations protect the clients position
• Reaching an agreed solution and • Demonstrating involvement with
reporting recommendations to client third party determination and
• Instructing legal advisers and seeing associated submissions.
matters to conclusion.
27
Valuation
Leasing/letting
Reference no. T050

This competency is specifically in relation to the market for leasehold property and includes assignments. Candidates should be
able to demonstrate an understanding and experience (if appropriate) of working for both landlord and tenant. The candidate
should have a knowledge of the whole transactional market for property.

Demonstrate knowledge and Apply your knowledge and skills to Provide evidence of reasoned advice
understanding of how various types the leasing/letting of all types of and report to clients on all types of
of property are let (or a similar property and demonstrate practical leasing or letting transactions.
interest is acquired for a client) and experience of the associated Demonstrate the ability to see
the different types of interests that decision-making process, complex cases through from start to
may be placed on the market. marketing, reporting and completion finish with appropriate assistance.
Demonstrate an understanding of of the transaction. Demonstrate Be able to provide clients with a
the economics of the market for knowledge and understanding of holistic view of the entire
such interests and the appropriate other forms of property transaction, transactional market, and advise
legal frameworks. and of the reasons supporting the them clearly and appropriately, not
decision to proceed along the only on the letting or leasing market,
chosen leasing or letting route. but also on other areas.
• Understand the market for leasing • Experience of leasing/letting for both • Experience of complex letting/leasing
and letting, and how values and landlord and tenant cases and explaining the factors
lease terms may be affected by • Experience of transaction from initial which made the case deviate from
market trends and pressures inspections through to completion of the market norm
• Understand the legislative documentation • Commenting clearly on why
framework associated with lease • Negotiation with both prospective decisions were made in relation to
terms and show how this is parties and the property owner the chosen route of leasing/letting
reflected in the market place • Decision making and recommendation • Reporting to clients with
• Show what factors affect value for of courses of action including recommendations including
property in the letting market valuation advice. valuation advice
• Residential building pathology • Reporting to clients with
• The quality of location, design and recommendations on strategy in
specification of residential property. relation to all options for the property
• Dealing with externalities to the
market which may affect
leasing/letting
• Utilising negotiation and business
skills in relation to challenging
leasing situations
• Providing reasoned advice regarding
the suitability or otherwise of the
property/assets for leasing/letting.
28
Valuation
Local taxation/assessment
Reference no. T052

Valuation and negotiation of rating appeals which may include attendance at Valuation Tribunal. Inspection, measurement and
analysis of comparables. Application of evidence when dealing with appeals to include an understanding of the use of
comparable rental evidence. Application of statute and casework.

Demonstrate knowledge and Undertake valuations and Provide evidence of reasoned advice
understanding of the provisions for negotiations for a variety of different to stakeholders (including senior
taxation of real estate, plant and property types using different management within your
machinery and/or other property valuation methods for the purposes organisation, clients and
types at a local/municipal level. of local/municipal taxation. courts/tribunal members)in respect
of specific cases and/or other local
taxation issues.
• Code of measuring practice to • Measuring and inspecting properties • Advising on settlement or litigation
include zoning of shops • Valuing different property types of cases
• Application of statute and case law • Using different methods of valuation: • Advising on the costs of options
• Analysis of evidence and relevance rental and comparative approaches, and actions
of the law of Landlord and Tenant profits, receipts and expenditure • Advising on the impact of various
• Various methods of valuation and costs actions with an appreciation the
applicable to different types of • Participating in negotiation, wider context.
property valuations and settlement of appeals.
• Plant and machinery in respect of
the above.
29
Valuation
Measurement
Reference no. T057

This competency is relevant to all data capture and measurement of land or property.

Demonstrate knowledge and Apply your knowledge to undertake Evaluate, present, manage, analyse
understanding of the principles and measurement. Use basic and/or data and/or apply spatial data and
limitations of measurement relevant advanced instrumentation to information. Show an advanced
to your area of practice. collect data. Present appropriate understanding of accuracy,
information gained from precision and error sources.
measurement.
• Relevant data capture techniques • Using the appropriate Please note, Level 3 is only
including the use of lasers and tapes instrumentation (including lasers and recommended for candidates with
• The limitations of different methods tapes) to capture sufficiently accurate specialist knowledge and experience of
of measurement data, based on an understanding of sophisticated measurement and data
• Checking procedures for the limitations of different instruments capture practice. Most property
instruments used and the • Dealing with and advising on sources candidates will only attain Level 2.
calculations undertaken of error from use of instruments For guidance on Level 3 please refer
• Potential sources of error from use • Applying the appropriate guidance to RICS/SCSI Geomatics Pathway.
of the instruments correctly in practice to undertake
• Understanding the basis on which measurement of a variety of
measurements should be properties, understanding the basis
undertaken ie the core definitions of on which measurements should be
measurement and their application undertaken
(Gross External Area, Gross Internal • Undertaking necessary calculations
Area And Net Internal Area) • Preparing and presenting
• Awareness of the appropriate measurements in a manner
standards and guidance relating to appropriate for the purpose they are
measurement with particular to be used understanding the level of
reference to the RICS/SCSI Code Of accuracy that is required for different
Measuring Practice types of property.
• The degree of accuracy that is
required for different types of
property and the use to which the
measurements will be put
• The use and limitations of plans
and drawings.
30
Valuation
Planning development andmanagement

Reference no. T061

Planning appraisal is one of the crucial starting points in the development or refurbishment process. Such appraisals draw
together all of the relevant policies, site history and local context pertaining to a site and the potential to secure planningconsent.
Development management covers the process of managing or obtaining the grant of planning consents working for either the
local authority or client-side perspective. The competency also covers the appeals process and the criteria by which cases will
be considered by inspectors.

Apply your knowledge to identify, Apply information and reasoned
Demonstrate knowledge and select, assemble and analyse advice in the preparation,
understanding of the key principles information relevant to the presentation and/or negotiation of
and processes used to determine preparation or determination of planning application and/or appeals
both the need for planning consent appropriate planning applications. documentation.
and the procedures involved in
obtaining appropriate planning
permission.
• The purpose of the development • Support the making of planning • Liaising with and negotiating with
management system and process applications and/or appeal planning officers, clients, fellow
• The stages of the development documentation professionals and third-party
application and appeals process • Selecting, researching and analysing stakeholders in relation to a
• The consultation process and information and data and writing development project
stakeholder management reports in support of or in response • Preparing planning appraisals of
• The decision making process and to planning applications land, buildings and concepts and
role of key stakeholders • Identify and implement appropriate area wide planning parameter studies
• The need for supporting information consultation procedures and respond • Making a planning application and/or
and basis for determining what is to issues identified submitting an appeal and appearing
required • Identify and help ensure compliance at an informal or public inquiry
• Familiarity with appropriate planning with planning policies and guidance. • Formulating and negotiating a
policy and procedures relevant to planning or highways agreements.
the locality/region of working • Creativity, problem solving and
• Site/building surveys and details, dispute mediation in scheme
e.g. site planning history, flood risk, development.
biodiversity, archaeology,
architectural character,
conservation, accessibility,
highways, services and utilities
• Analysis of environmental features
and issues
• Urban design principles and
characteristics and their implications
for development appraisals
• The role of supplementary planning
documents, design guides and
codes in guiding planning
applications and their consideration.
31
Valuation
Property finance and funding

Reference no. T069

This competency focuses on the candidates understanding of the range of finance available, their understanding of how this is
sourced and how this may used to assist with property investment and development scenarios. Candidates will be expected to
apply this knowledge in order to provide advice to clients on their financing options and the impact of this on theirreturns.

Demonstrate knowledge and Identify the factors that affect the Provide evidence of reasoned
understanding of the role and ability to obtain finance to fund any advice on maximising the viability of
importance of finance in property, investment project. Identify any funding situation. Demonstrate
including the principal forms of appropriate sources of finance and your appreciation of the impact
investment finance and their understand the principles that of property matters on valuation
sources. apply to securing finance for and funding. Demonstrate your
different purposes. understanding of the impact of
funding matters on the property
market.
• A broad knowledge of the various • Analysing investment and • Analysing and understanding a stand
senior debt providers, and their development projects to ascertain alone financing from the outset to
expectations in terms of pricing the level of senior debt that could be completion and draw down of funds
and security raised within the mathematical limits • Reviewing and comprehending
• An understanding of the impact of • Applying likely finance pricing financing documents and in
gearing on equity returns required by senior debt providers particular loan agreements and
• The ability to demonstrate this • Using market knowledge to assess facility letters
gearing affect numerically whether the level of senior debt • Confirming that financing documents
• A knowledge of how mezzanine and mathematically capable of being reflect the commercial terms agreed
equity finance might be priced sustained is acceptable to the and how the controls of the provider
• A broad understanding of the debt providers may impact on the borrower’s
financing process • Sourcing and collating information management flexibility
• Use of financial information such which is necessary to support a • Illustrating multi-tiered financing
as audited report and accounts. presentation to secure a financing arrangements numerically and using
• Sourcing and understanding the role this to assess the true cost of finance
of valuation advice at each level
• Analysing and illustrating the impact • Advising accordingly on the above.
of financial covenants.
32
Valuation
Property management
Reference no. T070

This competency covers all aspects of day to day functions associated with property management. It includes issues relating to
works, health and safety, landlord and tenant relationships, and service charges. In general, any matter associated with the
smooth running of a property.

Demonstrate knowledge and Apply the principles of property Provide evidence of reasoned advice
understanding of property management to provide solutions including the preparation and
management and the relationship to issues affecting both owners presentation of reports in relation to
between owner and occupier. and occupiers of real estate. property management.
• Understand the key factors • Managing property from both a • Participating in all aspects of
determining the landlord and tenant landlord and tenant perspective, property management including
relationship in relation to the and understand the key factors from works, emergency reactive
running of a property each viewpoint maintenance, planned programmes,
• Understand key lease terms and • Understanding legal requirements budgets etc
their implications to property associated with multi let property • Applying your negotiation,
management and/or managed property communication, and business skills
• Understand how disputes and • Understanding property management in relation to contentious issues with
problematical issues can be accounting principles from the both landlord and tenant
resolved, and be able to prioritise landlord and tenant perspective, and • Participating in issues such as
key tasks. also the requirements of law and applications for licence to assign or
RICS/SCSI for works, together with the
• Understanding courses of action in associated legal frameworks.
relation to breaches of lease by
landlord and tenant.
33
Valuation
Property management accounting

Reference no. T071

This competency is about all accounting aspects of Property Management whether this be in the Commercial/Residential or
Agricultural fields. The candidate would be expected to have knowledge of all the statutory requirements and be able to report
to Clients as well as Residents associations regarding the accounting results.

Demonstrate knowledge and Undertake day-to-day management Prepare final accounts and tax
understanding of any legal or and recording of property returns, and report (applying
regulatory principles (including management accounts and service statutory and regulatory standards)
taxation implications where charge accounts. on property management accounts
appropriate) that apply to property and service charge accounts.
management accounts and service
charge accounts.
• Understand Lease Terms and • Creating Service Charge accounts • Producing Trial Balance for Balance
Accounting implications • Service Charge Budget Sheet Service Charge reporting
• Landlord and Tenant Act implementation • Preparing Clients VAT returns.
requirements • Reporting both Rent and Service
• RICS/SCSI Codes of practice and Charge figures to Clients and
accounting regulations. Residents Associations
• Create Clients accounting systems/
templates for Rent and Service
Charge collection.
34
Valuation
Property records/information
systems
Reference no. T072

This competency deals with the use management and development of property information systems (including automated
valuation models) and systems for registering land and property rights. Property records and information systems are
increasingly sophisticated and are used widely in the public sector (eg for tax assessment or property/land title registration) and
the private sector (eg for residential valuation, property management).

Demonstrate knowledge and Demonstrate your ability to apply Demonstrate your ability to extract
understanding of the factors knowledge to analyse data and data from property
required for property assemble it for use in a database. records/information systems in
records/information systems, order to use and present data for
including the sourcing and collation specific purposes.
of data.
• Use and limitations of property • Using a property information system • Retrieving data from existing records,
information tools within your area to extract information for a range of manual or electronic
of practice different scenarios • Advising on security of data
• Electronic records • Writing clear and factual reports on • Writing reports on unusual or
• Legal documentation (including information extracted from a property challenging cases
leases) record or information system • Preparing clear and factual reports
• Difference between • Interpreting plan/map data and letters to clients
deeds/registered titles • Interpreting legal language in relation • Assisting in the development of a
• Supporting maps/plans to property records property information system.
• Index maps. • Ensuring security of data.
35
Valuation
Purchase and sale

Reference no. T073

This competency relates to the purchase and sale of property on a freehold and leasehold basis. Sales and purchases of
investment property are therefore included. Candidates should have regard to all property markets and alternative uses and
values. Similarly, the candidate should have awareness of other forms of disposal.

Demonstrate knowledge and Apply your knowledge and skills to Provide evidence of reasoned advice
understanding of how various types the purchase or sale of all types of and report to clients on all types of
of property are sold (or a similar property and demonstrate practical purchase or sale transactions.
interest is acquired for a client) and experience of the associated Demonstrate the ability to see
the different types of interests that decision making process, marketing, complex cases through from start to
may be placed on the market. reporting and completion of the finish with appropriate assistance.
Demonstrate an understanding of transaction. Demonstrate knowledge Be able to provide the client with an
the economics of the market for and understanding of other forms of holistic view of the entire
such interests, and the appropriate property transaction, and be aware transactional market, and advise
legal frameworks. of the reasons supporting the him/her clearly and appropriately,
decision to proceed along the not only on the sale or disposal
chosen purchase or sale route. market but also on other areas.
• Awareness of the different types of • Selling or purchasing property • Participating in complex or difficult
interests that can be sold or • Decision making and recommending cases, and explaining the factors
purchased, and the factors courses of action including valuation which made the case deviate from
affecting value advice market norm
• Knowledge of factors governing the • Undertaking transactions from initial • Advising on why decisions were
methods of disposal/acquisition inspections through to completion o made in relation to chosen route of
and the advantages/disadvantages documentation sale or purchase; especially in
of each • Negotiating with both prospective relation to strategic advice given to
• Understanding of the legal parties and where appropriate your client on property
processes needed to complete a interested third parties • Experience of externalities to the
sale/purchase • Understanding of the legal market which may affect
• Demonstrate what factors affect frameworks governing sale/purchase sale/purchase
value for property in the and the implications and penalties. • Reporting to clients with
purchase/sales market. recommendations
• Applying negotiation and business
skills to handle difficult situations
effectively.
36
Valuation
Strategic real estate consultancy

Reference no. T079

This competency is about the provision of strategic consultancy advice to clientson real estate issues influencing the business.

Demonstrate knowledge and Apply your knowledge and Provide evidence of reasoned oral
understanding of the business understanding of the business and written advice on the principles
context of real estate, and an context of real estate in a corporate and application of real estate
appreciation of the role of the real or other context. knowledge.
estate professional as a strategic
adviser.
• Organisational structures, values • Researching organisational • Strategic advice and
and objectives background recommendations to clients
• Business performance • Preparing relevant data • Presentations to clients
• The role and importance of real • Analysing data • Meetings with clients
estate in organisational/business • Using different styles of consultancy • Presenting data to support
performance intervention for different clients needs recommendations.
• The role of real estate in business • Using your knowledge of real estate
strategies to find strategic solutions to meet Note: Candidates are advised against
• Strategic uses of real estate clients requirements. choosing Strategic Real Estate
• The role of the real estate Consultancy and Corporate Real Estate
professional as a strategic business Management together as optional
adviser competencies.
• Styles of consultancy intervention.
37
Valuation
Sustainability
Reference no. M009

The Performance of commercial property as an occupational or investment asset is increasingly affected by sustainability
considerations. This competency requires a broad appreciation of the core elements of sustainability – economic, social and
environmental. It covers knowledge of the emerging issues in a broad context, and an understanding of the arguments surrounding
the effect of sustainability on property performance, worth and value. It also includes the tools and techniques being developed to
embed the concept into professional property practices such as property agency, investment, management and valuationpractice.

Demonstrate knowledge and Provide evidence of practical Provide evidence of reasoned
understanding of why and how application of sustainability advice given to clients and others
sustainability seeks to balance appropriate to your area of practice, on the policy, law and best practice
economic, environmental and social and of awareness of the of sustainability, in your area of
objectives at global, national and circumstances in which specialist practice.
local levels, in the context of land, advice is necessary.
property and the built environment.
• Historical background/context – • Using and interpreting reports • Providing reasoned advice/qualitative
Brundtland, Earth Summits, produced with the main sustainablity comment to clients or other
Climate Change related tools – such as BREEAM stakeholders on the potential
• Knowledge of the legal and policy • Understanding the aims of triple financial impact of sustainability
framework – UK legislation and bottom line (TBL) analysis and be on a property/project
EU directives able to explain how the technique • Providing reasoned comment to
• An understanding as to how may be adapted to various scenarios clients or other stakeholders on the
sustainability relates to property – within your own area of professional impact of sustainability
(energy efficiency, accessibility, property practice legislation/policy. NB: Sustainability
flexibility etc ), including an • Producing energy performance advice may be given in the course of
appreciation of the key threats to certificates providing conventional property
sustainable property use and • Analysing energy efficiency measures advice to clients or other
performance through cost benefit analysis. stakeholders (such as valuation,
• Understanding how property investment or property/asset
occupiers and investors are management advice)
affected by economic, social and • Strategic advice on long term
environmental sustainability sustainability objectives.
concerns
• Demonstrate knowledge of current
research being undertaken on
Sustainability.
38
Valuation
Valuation
Reference no. T083

This competency is about the preparation and provision of properly researched valuation advice, made in accordance with the
appropriate valuation standards, to enable clients to make informed decisions regarding real estate.

Demonstrate knowledge and Demonstrate practical competence Demonstrate practical competence
understanding of the purposes for in undertaking both capital and in undertaking valuations, either of a
which valuations are undertaken; rental valuations and detailed range of property types or for a range
the relevant valuation methods and involvement with the preparation and of purposes. Demonstrate the
techniques; the appropriate presentation of client reports. application of a wide range of
standards and guidance; and any Demonstrate your ability to use valuation methods and techniques.
relevant statutory or mandatory valuation methods and techniques Be responsible for the preparation of
requirements for valuation work. appropriate to your area of practice. formal valuation reports under proper
Show how the relevant valuation supervision and provide reasoned
standards and guidance have been advice. Demonstrate a thorough
applied to your valuation experience. knowledge of the appropriate
valuation standards and guidance
and how they are applied inpractice.
• A general appreciation of the main • Understanding client requirements • The properties considered may relate
drivers that have an impact on value and the preparation of Terms of to a particular area of practice but
• The principles and application of Engagement the candidate’s experience should
relevant valuation standards • Inspection and information gathering cover a range of purposes (in a
• The principles of Professional relevant to the valuation work being properly supervised manner), such
Indemnity Insurance undertaken as loan security, financial statements,
• The underlying principles of • Analysis and interpretation of internal management, purchase or
property law, planning and other comparable evidence sale reports, tax, stock exchange
relevant regulations or controls and • Application of a range of valuation and litigation, but not necessarily
their impact on property values methods and techniques all of these
• The different purposes for which • Preparing valuation reports and • The types of property should ideally
valuations may be required advice to meet client needs and be varied both in terms of physical
• The principles of the various comply with relevant valuation attributes, usage and also interest (ie
methodologies needed to provide standards free hold and leasehold)
both capital and rental valuation • Be able to demonstrate competence • Knowledge of standards in other
advice to conduct a valuation task from areas of business, eg accounting
• An understanding of the importance beginning to end with appropriate standards
of independence and objectivity. supervision. To achieve Level 2
candidates will not necessarily be
carrying out valuations as part of
their full time day to day activities. Continued over page >
39
Valuation
Valuation
Reference no. T083
Level 3 continued
• The candidate’s knowledge of the

main drivers which impact on
property value should include an
understanding of the wider
influences such as government
policy, the economic climate,
technological change and other
investment medium
• The candidate should demonstrate
knowledge as to how their valuation
advice inter-relates with their client’s
other professional advisers
• Have an understanding of the
different levels of service that may
be required, eg desk top advice
versus a full valuation.
40
Valuation
Valuation of businesses and

intangible assets
Reference no. T088
This competency is about the preparation and provision of properly researched valuation advice, made in accordance with the
appropriate valuation standards, to enable clients to make informed decisions regarding businesses and intangible assets.

Demonstrate knowledge and Apply your knowledge and Demonstrate practical competence
understanding of the purposes understanding of business in undertaking business valuations
for which valuations of businesses valuations showing detailed and their component parts for a
and/or intangible assets are involvement with the preparation range of purposes. Demonstrate the
undertaken; the relevant valuation and presentation of client re ports. application of the relevant valuation
methods and techniques; the Demonstrate your ability to use the methods and techniques and a
appropriate standards and guidance; valuation methods and techniques thorough knowledge of the
and any relevant statutory or appropriate to your area of practice. appropriate valuation standards and
mandatory requirements for this Show how any relevant standards guidance and how they are applied
type of valuation work. and guidance have been applied to in practice.
your experience.
• An appreciation of the main drivers • Understanding client requirements • Preparing valuation reports and
that affect value and the preparation of Terms of advice to meet client needs and
• The principles and application of the Engagement complying with RICS/SCSI
RICS/SCSI Valuation – Professional • Information gathering relevant to the Professional Standards where relevant
Standards or other relevant valuation work being undertaken • Knowledge of relevant legislation and
valuation standards • Analysis and interpretation of standards in other areas of business,
• The principles of Professional comparable evidence such as accounting standards and
Indemnity Insurance • Application of a range of valuation how these set the valuation
• The underlying principles of methods and techniques framework for share transactions.
business and finance, law and other • Demonstrate competence in carrying company/business or asset sales,
relevant regulations or controls that out valuation advice from inception fiscal valuations including transfer
affect value to completion of a range of assets pricing, litigation etc.
• The different reasons for which from: trading businesses, other • Knowledge of the main drivers which
business and intangible asset businesses, unquoted shares, affect value including an
valuations may be required intellectual property, intangible understanding of the wider influences
• The principles of the various assets, options, financial instruments such as government policy, the
methodologies of business valuation or liabilities economic climate, technological
• An understanding of the importance change and other investment medium
of independence and objectivity • Demonstrate knowledge as to how
• Understand the different levels of valuation advice inter-relates with the
service required, for example desk client's other professional advisors
top advice versus a full valuation work [if appropriate].
41
Valuation
Dating back to 1895, the Society of Chartered Surveyors www.scsi.ie

Ireland is the independent professional body for Chartered
Surveyors working and practicing in Ireland.
www.scsi.ie
Working in partnership with RICS, the pre-eminent Chartered
Society of
professional body for the construction, land and property sectors
Chartered Surveyors Ireland
around the world, the Society and RICS act in the public interest:
38 Merrion Square
setting and maintaining the highest standards of competence
Dublin 2
and integrity among the profession; and providing impartial,
education@scsi.ie
authoritative advice on key issues for business, society and
T 01 6445500
governments worldwide.
F 016611797
Advancing standards in construction, land and property, the
Chartered Surveyor professional qualification is the world’s leading
qualification when it comes to professional standards. In a world
where more and more people, governments, banks and commercial
organisations demand greater certainty of professional standards and
ethics, attaining the Chartered Surveyor qualification is the recognised
mark of property professionalism.
Members of the profession are typically employed in the construction,

land and property markets through private practice, in central and
local government, in state agencies, in academic institutions, in
business organisations and in non-governmental organisations.
Members’ services are diverse and can include offering strategic

advice on the economics, valuation, law, technology, finance and
management in all aspects of the construction, land and property
industry.
All aspects of the profession, from education through to

qualification and the continuing maintenance of the highest
professional standards are regulated and overseen through the
partnership of the Society of Chartered Surveyors Ireland and RICS, in
the public interest.
This valuable partnership with RICS enables access to a worldwide

network of research, experience and advice.

SCSI Valuation Pathway Guide 2019

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Your APC pathway guide to

Valuation Pathway Guide

About the competencies Choosing your competencies

Core competencies – the primary competencies of your

Optional competencies – a set of competencies selected by

The competencies are arranged in alphabetical order.

Accounting principles and procedures (M001) 9

Accounting principles and procedures

Description of competency in context of this sector

Examples of likely knowledge, skills and experience at each level

Level 1 Level 2 Level 3

Description of competency in context of this sector

Examples of likely knowledge, skills and experience at each level

Level 1 Level 2 Level 3

Description of competency in context of this sector

Examples of likely knowledge, skills and experience at each level

Level 1 Level 2 Level 3

Description of competency in context of this sector

Examples of likely knowledge, skills and experience at each level

Level 1 Level 2 Level 3

Compulsory purchase and

Description of competency in context of this sector

Examples of likely knowledge, skills and experience at each level

Level 1 Level 2 Level 3

Conflict avoidance, management

Description of competency in context of this sector

Examples of likely knowledge, skills and experience at each level

Examples of knowledge comprised • Mediation (could include contracted

Conflict avoidance, management

Examples of likely knowledge, skills and experience at each level

Construction Technology &

Examples of likely knowledge, skills and experience at each level

Level 1 Level 2 Level 3

Description of competency in context of this sector

Examples of likely knowledge, skills and experience at each level

Level 1 Level 2 Level 3

Corporate real estate management

Description of competency in context of this sector

Examples of likely knowledge, skills and experience at each level

Level 1 Level 2 Level 3

Corporate real estate management

Examples of likely knowledge, skills and experience at each level

• improving staff facilities, workplace

Corporate Recovery & Insolvency

Examples of likely knowledge, skills and experience at each level

Level 1 Level 2 Level 3

Description of competency in context of this sector

Examples of likely knowledge, skills and experience at each level

Level 1 Level 2 Level 3

Description of competency in context of this sector

Examples of likely knowledge, skills and experience at each level

Level 1 Level 2 Level 3

Indirect investment vehicles

Description of competency in context of this sector

Examples of likely knowledge, skills and experience at each level

Level 1 Level 2 Level 3

Description of competency in context of this sector

Examples of likely knowledge, skills and experience at each level

Level 1 Level 2 Level 3

Description of competency in context of this sector

Examples of likely knowledge, skills and experience at each level

Level 1 Level 2 Level 3