Your client wants to understand the mandatory requirements for instructing you to value a portfolio of investment property. By making reference to the RICS Valuation- Global Standards (Red Book) provide a Report that explains the mandatory

Assessment task details and instructions

You have been approached by a new client who wishes to understand the rationale behind valuation compliance and ethical standards

Your client wants to understand the mandatory requirements for instructing you to value a portfolio of investment property. By making reference to the RICS Valuation- Global Standards (Red Book) provide a Report that explains the mandatory and guidance provisions when approaching and undertaking valuations. 

By making specific reference to the properties below, your Report should also include an explanation of the likely valuation methods that would be used and how these might work as well as the factors that might influence the value of each property type.

The portfolio comprises:

1. Supermarket
2. A fast food outlet located on a major trunk road.
3. A house in multiple occupation
4. Development Site with a residential planning consent

Your Report should also include a commentary around Material Uncertainty in valuation.

Please note that you are NOT required to undertake any valuations.

Assessment Criteria

You should look at the assessment criteria to find out what we are specifically looking at during the assessment.

The assignment will be assessed strictly in accordance with the following criteria. Please ensure that you address each of the issues when writing your assignment. No marks will be awarded against any other criteria.

Clarity of writing style in the appropriate format (third person) and referencing in accordance with 7th Harvard APA. 

• The Mandatory and Guidance provisions within the Red Book  (40 marks)
• The explanation of the Valuation Methods (20 marks)
• Factors that influence value (20 marks)
• Explanation of Valuation Uncertainty (10 marks)
• Referencing and presentation (10 Marks)

At Level 7 the following marking scale shall be used:

• Outstanding 90% – 100% 
• Excellent 80% – 89%
• Very good  70% – 79%
• Good 60% – 69%
• Satisfactory   50% – 59%  (Pass Mark)
• Unsatisfactory  40% – 49%
• Inadequate  30% – 39%
• Poor 20% – 29%
• Very poor  10% – 19%
  Extremely poor 0% –   9%

Assessed intended learning outcomes

Knowledge and Understanding

On successful completion of this assessment, you will be able to:

1. To gain a working knowledge of the Mandatory Provisions of the RICS Valuation – Global Standards
2. To understand the different valuation methods and when these apply.
3. To be aware of the nuances of valuation uncertainty
4. Analyse any links between property law and valuation
5. To unstill an ethical approach to valuation

Practical, Professional or Subject Specific Skills

1. To interrogate regulations and legislation for valuation
2. Develop skills in the preparation for undertaking    valuation reports.
3. Develop skills in the proper interpretation of and presentation of valuations and reports
4. To understand and develop rationale for valuation opinion

Employability Skills developed / demonstrated    You will develop a range of employability skills sought by employers through each assessment.  

Through this assessment will have an opportunity to develop and demonstrate the following employability skills:
(please put a cross in the box for the skill and level demonstrated in the assessment)

Skill	I	U	A	D
Communication	x	x
Critical Thinking and Problem Solving	x	x	x
Data Literacy	x
Digital Literacy	x	x	x
Industry Awareness	x	x
Innovation and Creativity	x
Proactive Leadership	x
Reflection and Life-Long Learning	x	x	x
Self-management and Organisation	x	x	x	x
Team Working	x

I = You will have been introduced to this skill
U = You will have developed an understanding of this skill in the context of your subject
A = You will be able to apply this skill in the context of your subject
D = You will have demonstrated an enhanced understanding and application of this skill in a wider context 

Using Artificial Intelligence (AI) Tools    AI features of assistive technologies should be authorised unless agreement has been obtained through an ADA. 

Word count/ duration (if applicable)

Your assessment should be no more than 3,000 words

There will not be a set penalty for exceeding the word count; however, any words over the word count will not be marked.

Feedback arrangements

You can expect to receive feedback within 21 working days of submission.  Feedback will be provided via TurnItIn.  I am happy to meet in person (or conduct Team Interviews for our distance learners) to ensure feedback is as thorough as possible.

Academic Integrity and Referencing

Students are expected to learn and demonstrate skills associated with good academic conduct (academic integrity). Good academic conduct includes the use of clear and correct referencing of source materials. Here is a link to where you can find out more about the skills which students need:

Academic integrity & referencing

Referencing  

Academic Misconduct is an action which may give you an unfair advantage in your academic work. This includes plagiarism, asking someone else to write your assessment for you or taking notes into an exam. The University takes all forms of academic misconduct seriously. 
 
Assessment Information and Support

Support for this Assessment
Kevin M. Aspin at k.m.aspin@salford.ac.uk 

Please always email first for an appointment

You can find more information about understanding your assessment brief and assessment tips for success here. 

Assessment Rules and Processes

You can find information about assessment rules and processes in the Assessment Support module in Blackboard.  

Develop your Academic and Digital Skills 
Find resources to help you develop your skills here. 

Concerns about Studies or Progress
If you have any concerns about your studies, contact your Academic Progress Review Tutor/Personal Tutor or your Student Progression Administrator (SPA).

askUS Services

The University offers a range of support services for students through askUS including Disability and Inclusion Service, Wellbeing and Counselling Services.

Exceptional Circumstances

If you have exceptional circumstances (e.g. illness or other personal circumstances) may have affected your ability to complete this assessment, you can find more information about the Exceptional Circumstances Procedure here.  Independent advice is available from the Students’ Union Advice Centre about this process.

In Year Retrieval Scheme

Your assessment is not eligible for in year retrieval. If you are eligible for this scheme, you will be contacted shortly after the feedback deadline.

You can find more information about this scheme in the Assessment Support module in Blackboard.  

Reassessment

If you fail your assessment, and are eligible for reassessment, you will be able to find the date for resubmission on your module site in Blackboard.

For students with accepted personal mitigating circumstances for absence/non submission, this will be your replacement assessment attempt.  

If a student needs to be reassessed, you will need to repeat the same Coursework.

We know that having to undergo a reassessment can be challenging however support is available.  Have a look at all the sources of support outlined earlier in this brief.