Course code EIE222

EIE222 Real Estate Valuation

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Showing course contents for the educational year 2014 - 2015 .

Course responsible: Sølve Bærug
Teachers: Håvard Steinsholt
ECTS credits: 10
Faculty: Department of Landscape Architecture and Spatial Planning
Teaching language: NO
(NO=norsk, EN=Engelsk)
Limits of class size:
Teaching exam periods:
This course starts in Spring parallel. This course has teaching/evaluation in Spring parallel, .
Course frequency: Annually
First time: Study year 2011-2012
Preferential right:
Course contents:

Basic theory (lectures) of valuations, measurement of value, basic economic rent: approximately 35 %. Practical valuation of dwellings, commercial real estate, framland, forest, outlying fields, and more. Valuation of whole or parts of property in the free market: approximately 60 %. Different related topics such as changing of owners, securing deals, etc.: approximately 5 %. Lectures on practical valuation are coordinated with work on the project(s).

Learning outcome:
The student is to know the most common practical techniques for valuating real estate in the most common valuation situations. The student is also to become familiar with the most important factors determining the value of real estate. The student should be able to critically evaluate a value evaluation that has been conducted, which includes knowing about common weaknesses of such evaluations. The student should be able to conduct an independent value evaluation of real estate with support of professional knowledge of buildings and special fields. The student is to be aware of the ethical sides of a value evaluation.
Learning activities:
The course builds mainly on group-based projects in combination with lectures.
Teaching support:
Some supervision on the project.
No direct course curriculum will be used. A list of supporting literature will be handed out at the first lecture.
BUS100, EIE100 or the equivalent.
Recommended prerequisites:
Mandatory activity:
A full-day excursion.
Group work.
Nominal workload:
Lectures: ca. 50 hours. Excursion: ca. 10 hours. Structured guidance on the projects ca. 10 hours. Group work: ca. 110 hours. Self-study: ca. 120 hours.
Entrance requirements:
Minimum requirements for entrance to higher education in Norway (generell studiekompetanse)
Reduction of credits:
Type of course:
40 hours of lectures and a one-day compulsory excursion. 6 hours of structured guidance on the project(s).

An external examiner participates in the evaluation of all the candidates' examination answers.

Discussions about the content of the course and how it is conducted are fixed topics during the examination conference.

Examination details: Term paper: A - E / Ikke bestått