REAL ESTATE VALUATION AND COMMON AGRICULTURAL POLICIESModule RURAL ESTATE VALUATION
Academic Year 2026/2027 - Teacher: GIUSEPPE CUCUZZAExpected Learning Outcomes
The aim of the course is to provide the skills necessary for the development of an objective judgment, compliant with international estimation standards, articulated, transparent and corresponding to the practical reason for the estimate and the needs of economic justice.
In terms of learning, the achievable results can be summarized as follows:
Knowledge and understanding - ability to acquire useful knowledge to understand how to proceed in the elaboration of an appropriate judgment of estimate
Ability to apply knowledge and understanding - adequate skills to understand how to deal with the main estimation cases of agricultural interest through appropriate estimation methodologies and procedures
Autonomy of judgment - ability to elaborate an objective, transparent, replicable and coherent judgment of estimation with the axiomatization of the estimation discipline
Communication skills - ability to illustrate the methodological and application path used for the elaboration of the estimate of the value sought also with reference to the activities of reviewing estimate reports prepared by third parties
Learning skills - Acquisition of knowledge useful for operating in the world of work in the context of estimating the value of assets and rights with reference to the agricultural sector
Course Structure
The course includes lectures through lectures lasting 21 hours and classroom exercises lasting 42 hours, possible seminars and technical visits to institutions, structures or companies.
To guarantee equal opportunities and in compliance with the laws in force, interested students can ask for a personal interview in order to plan any compensatory and / or dispensatory measures, based on the didactic objectives and specific needs. It is also possible to contact the referent teacher CInAP (Center for Active and Participated Integration - Services for Disabilities and / or SLD) of the Department.
If the course is delivered in blended or remote mode, appropriate adjustments may be made to the above, in order to ensure consistency with the syllabus
Required Prerequisites
Attendance of Lessons
Attending the classes is not mandatory, but strongly recommended, as it facilities the learning process and contributes to the achievement of the learning objectives.
Detailed Course Content
By means of applications referring to several notable cases, the operating diagrams for the estimate of the value of rustic funds even in the presence of legal limitations to the right of ownership, the methods of investigation and analysis of the land market, guidelines for the preparation of due diligence real estate, and the tools for carrying out professional practice in concessions credit, in the estimation of damages, of green areas and ornamental plants.
Textbook Information
1. Betts, R.M. Estate Appraisal. Principles & Procedures, 8th ed. Cengage Learning, , Mason OH 45040, USA, 2012, ISBN: 978-1-133-49594-9.
Course Planning
| Subjects | Text References | |
|---|---|---|
| 1 | Appraisal theory reminders. Market value and values other than market value. The appraisal process, the method and the appraisal procedures. | Textbook 1 and didactical material produced by the teacher |
| 2 | Interest regimes and reminders of financial calculations | Textbook 1 and didactical material produced by the teacher |
| 3 | Land market analysis and search for similar land properties | Textbook 1 and didactical material produced by the teacher |
| 4 | Determining Income and Rate in the Income Approach | Textbook 1 and Didactical material produced by the teacher |
| 5 | The appraisal of agricultural lands intended for annual crops | Didactical material produced by the teacher |
| 6 | The appraisal of agricultural land intended for specialized, even-aged, autonomous and multi-annual fruit orchards | Didactical material produced by the teacher |
| 7 | Agricultural asset properties appraisal for improvements: procedures and applications in notable cases | Didactical material produced by the teacher |
| 8 | Woodland valuations | Didactical material produced by the teacher |
| 9 | Appraisal of ornamental plants | Didactical material produced by the teacher |
| 10 | Damage estimate and insured value | Didactical material produced by the teacher |
| 11 | Analysis, procedures and applications of some notable cases of value estimations for legal purposes | Didactical material produced by the teacher |
| 12 | Due diligence in the appraisal of the market value of a property, valuation standards, certified real estate appraiser and the valuation report | Didactical material produced by the teacher |
Learning Assessment
Learning Assessment Procedures
Verification of learning takes place through two written tests
The vote follows the average of the two tests on a 1-30 point scale.
The exam is passed only if in both the tests tha candidate obtain a score of 18/30.
The voting follows this scheme:
|
Voto |
Inglese |
|
Non idoneo |
Knowledge and understanding of the topic: significant shortcomings and inaccuracies Ability to analyze and synthesize: irrelevant with frequent generalizations Use of references: completely inappropriate |
|
18-20 |
Knowledge and understanding of the topic: very modest with evident imperfections Analysis and synthesis skills: barely adequate Use of references: just appropriate |
|
21-23 |
Knowledge and understanding of the topic: knowledge is slightly above the minimum acceptable level Ability to analyze and synthesize: a fair bility to analyze and synthesize information, presenting arguments in a logical and coherent manner Using references: use standard references |
|
24-26 |
Knowledge and understanding of the topic: good knowledge Analysis and synthesis skills: good analytical and synthesis abilities, arguments are presented consistently Using references: use of standard references |
|
27-29 |
Knowledge and understanding of the topic: knowledge more than good Ability to analyze and synthesize: considerable abilities of analysis and synthesis Use of references: the topic has been explored in depth |
|
30-30 e lode |
Knowledge and understanding of the topic: excellent knowledge Ability to analyze and synthesize: excellent abilities of analysis and synthesis Use of references: important insights |
Learning assessment may also be carried out on-line, should the conditions require it.
To ensure equal opportunities and in compliance with current laws, students may request a personal interview in order to plan any compensatory and/or dispensatory measures based on educational objectives and specific needs. Students can also contact the CInAP (Centro per l’integrazione Attiva e Partecipata — Servizi per le Disabilità e/o DSA) through the referring professor within the department, (https://www.cinap.unict.it/content/referenti).
Examples of frequently asked questions and / or exercises
Estimative postulates;
Appraisal criteria;
Market Comparison Approach;
Income approach;
Cost Approach;
Analysis and research of comparison goods;
Estimate of an agricultural land;
Estimation of ornamental plants;
Estimation of the woods;
Appraisal and professional activity;
Evaluation report