ESTIMO E POLITICA AGRICOLA EUROPEA

Module Real Estate Valuation

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

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.

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

Attending the classes is not mandatory, but strongly recommended, as it facilities the learning process and contributes to the achievement of the learning objectives.

Through applications based on various notable cases, the text provides operational frameworks for estimating the value of agricultural land—including in cases where property rights are subject to legal restrictions—as well as methods for investigating and analyzing the land market, guidelines for preparing real estate due diligence reports, and tools for professional practice regarding credit lending, damage assessment, and the valuation of green spaces and ornamental plants.

Contribution of the course to the goals of the 2030 Agenda for Sustainable Development:

Goal 4: Quality Education

Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all

4.4 By 2030, substantially increase the number of youth and adults who have relevant skills, including technical and vocational skills, for employment, decent jobs and entrepreneurship

Goal 8: Decent work and economic growth

Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all

Target

8.10 Strengthen the capacity of domestic financial institutions to encourage and expand access to banking, insurance and financial services for all

Goal 11: Make cities and human settlements inclusive, safe, resilient and sustainable

Target 11.a Support positive economic, social and environmental links between urban, peri-urban and rural areas by strengthening national and regional development planning

Goal 16 Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels

Target

16.6 Develop effective, accountable and transparent institutions at all levels

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

Learning is assessed through written tests and an oral exam. To take the oral exam, students must have passed the written tests (the minimum score is 18/30). Those admitted to the oral exam will be interviewed on their appraisal report and other course topics. 

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:

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).

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.