ESTIMO E POLITICA AGRICOLA EUROPEA
Module Real Estate Valuation

Academic Year 2022/2023 - Teacher: Giuseppe CUCUZZA

Expected 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.

If the teaching is given in a mixed or remote mode, the necessary changes may be introduced with respect to what was previously stated, in order to comply with the program envisaged and reported in the syllabus.

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.

Required Prerequisites

No prerequisite is required

Attendance of Lessons

Attendance at the course is not compulsory, however it is strongly recommended as it facilitates the learning process

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

3. Betts, R.M. Estate Appraisal. Principles & Procedures, 8th ed. Cengage Learning, , Mason OH 45040, USA, 2012, ISBN: 978-1-133-49594-9.

Course Planning

 SubjectsText References
1Richiami di teoria estimativa. Valore di mercato e valori diversi dal valore di mercato Il processo estimativo, il metodo e i procedimenti di stimaTextbook 3
2Criteri diacronici e metodo del segmento doppio Didactical material produced by the teacher
3Richiami degli elementi di calcolo finanziario Saggi di interesse e conversione dei saggiTextbook 3 and didactical material produced by the teacher 
4Analisi del mercato fondiario e ricerca dei beni similiTextbook 3 and didactical material produced by the teacher
5Arboreti da frutto coetanei e autonomi: richiami e casi notevoli. Stima di arboreti coetanei non autonomi e arboreti no specializzatiDidactical material produced by the teacher
6Stime dei fondi rustici – casi notevoli. Stima dei fondi rustici suscettibili di miglioramento: procedure e applicazioniDidactical material  produced by the teacher
7Stima dei pascoli montaniDidactical material produced by the teacher
8Stima dei boschi e delle foresteDidactical material produced by the teacher
9Stima delle piante ornamentaliDidactical material produced by the teacher
10Stima dei danni e valore assicuratoDidactical material produced by the teacher
11Le stime nelle espropriazioni per pubblica utilità - Casi notevoliDidactical material produced by the teacher
12Stima del diritto di usufrutto a fini civilistici e fiscali. Stima del diritto di uso e abitazioneDidactical material produced by the teacher
13La stima nelle servitù prediali, di passaggio, da acquedotto, elettrodotto metanodotto e militariDidactical material produced by the teacher
14Successioni e divisioni ereditarieDidactical material produced by the teacher
15Il valore di costo e la stima delle aree edificabili Textbook 3 and didactical material  produced by the teacher
16La determinazione del reddito e del saggio nelle stime per capitalizzazione Textbook 3 and didactical material produced by the teacher
17Richiami delle finalità, dei caratteri e della struttura del catasto italiano. Identificazione e analisi della documentazione catastale di un immobile. Fabbricati rurali: identificazione dei requisiti oggettivi e soggettivi;Didactical material produced by the teacher
18La conformità della documentazione nella stima dei beni immobili: accettazione dell’incarico; accertamenti e redazione del rapporto di due diligenceDidactical material produced by the teacher
19L'attività peritale e la relazione di stima. Il Ruolo del CTU e del CTP. L'arbitrato. L'accertamento tecnico preventivo, la perizia giurata e la perizia asseverata.Didactical material produced by the teacher
20Gli Standard di valutazione e il valutatore immobiliare certificatoDidactical material produced by the teacher

Learning Assessment

Learning Assessment Procedures

Verification of learning takes place through an oral interview.

The evaluation of the student's preparation will take place on the basis of the following criteria: learning ability and level of depth of the topics covered, properties of synthesis and exposition, and the student's ability to reason.

The vote follows the following scheme:

Unsuitable

Knowledge and understanding of the topic: Important shortcomings. Significant inaccuracies

Ability to analyze and synthesize: Irrelevant. Frequent generalizations. Inability to synthesize

Use of references: Completely inappropriate

18-20

Knowledge and understanding of the topic: At the threshold level. Obvious imperfections

Analysis and synthesis skills: Just enough skills

Use of references: As appropriate

21-23

Knowledge and understanding of the topic: Routine knowledge Analysis and synthesis skills: It is capable of correct analysis and synthesis. Argue logically and consistently

Using references: Use standard references

24-26

Knowledge and understanding of the topic: Good knowledge

Analysis and synthesis skills: Has good analysis and synthesis skills. The arguments are expressed consistently

Using references: Use standard references

27-29

Knowledge and understanding of the topic: Knowledge more than good

Ability to analyze and synthesize: He has considerable abilities of analysis and synthesis

Use of references: Has explored the topics

30-30L

Knowledge and understanding of the topic: Excellent knowledge

Ability to analyze and synthesize: He has considerable abilities of analysis and synthesis.

Use of references: Important insights

Examples of frequently asked questions and / or exercises

Market analysis and research of comparison goods;

Estimate of a rustic land;

Equivalent essays;

Capitalization of an income stream;

Expropriations for public utility;

Determination of the right of usufruct for tax purposes;

Estimation of ornamental plants;

Estimation of the woods;

Appraisal and professional activity;

CTU and CTP.

Evaluation report