Course detail

Theory of real estate evaluation

ÚSI-1RATOAcad. year: 2011/2012

Basic terminology in the real estate evaluation. Price and value, basic methods of real estate evaluation.
Basic data for evaluation, search of premises. Databases for real estate valuation.
Methods of valuation: method of costs, method of estate incomes, comparing method, lot valuation, setting of the current price in the real estate evaluation.
Valuation of the real estates in accordance with present regulation for valuation, valuation for credit proceeding, for accounting, for insurance companies, for inheritance procedure, for purposes of taxes, valuation at family settlement, for auction, valuation for purposes of Commercial Code and valuation in special cases. Assessment of financial damage at the real estate damage and evaluation of the performed building operations.
Valuation of the rights of user. Estimation of the costs, economic and market rent. Flats valuation.
Specificity of the expert evidence about real estate evaluation in the various kinds of proceeding, valuation of the real estates in foreign countries. Czech and international standards for real estate evaluation.

Language of instruction

Czech

Number of ECTS credits

4

Mode of study

Not applicable.

Learning outcomes of the course unit

Theoretical knowledge of methods of real estate evaluations.

Prerequisites

Not requested.

Co-requisites

Not applicable.

Planned learning activities and teaching methods

Teaching methods depend on the type of course unit as specified in the article 7 of BUT Rules for Studies and Examinations.

Assesment methods and criteria linked to learning outcomes

Conditions of course-unit credit:
Participation in seminars, compliance of arranged tasks.
Exam: detail written test and classification according the percentage of wrong answers:
6/A, 12/B, 18/C, 24/D, 30/E

Course curriculum

1. Basic terminology in the real estate valuation. Price and value, basic methods of real estate valuation.
2. Basic data for evaluation, search of premises. Real estate valuation database, their creation and running. Calculations, their accuracy and influence on the evidence conclusions. Application of the software and responsibility for the usage.
3. Method of the cost valuation.
4. Method of the estate incomes valuation.
5. Comparing method of the valuation.
6. Lots valuation.
7. Setting of the current price of the real estate.
8. Valuation of real estates in accordance with the present regulation.
9. Valuation for credit proceeding, for accounting, insurance companies, inheritance procedure, for purposes of inheritance tax, gift tax and conveyance of real estate tax, valuation at family settlement, execution of verdict at the sale of real estate, for auction, valuation for purposes of Commercial Code, valuation of real estate at restitutions and rehabilitation out of the court, valuation of the company.
10. Assessment of financial damage at the real estate damage and valuation of the performed building operations. Defects in invoicing of the building operations supplies, examination of betterment from performed building operations, valuation of real estate with the work in progress.
11. Valuation of the rights of user and real estate under right of user.
12. Examination whether the building is original or new. Estimation of the costs, economic and market rent. Flats valuation.
13. Specificity of the expert evidence about real estate evaluation in the various kinds of proceeding, valuation of the real estates in foreign countries. Czech and international standards for real estate valuation.

Work placements

Not applicable.

Aims

Methods of the real estate evaluation, practice of the expert activities within evaluation.

Specification of controlled education, way of implementation and compensation for absences

Attendance is checked in attendance sheet.

Recommended optional programme components

Not applicable.

Prerequisites and corequisites

Not applicable.

Basic literature

BRADÁČ, A. a kol.: Teorie oceňování nemovitostí. 8. vydání. AKADEMICKÉ NAKLADATELSTVÍ CERM, s.r.o., Brno, 2009 (CS)

Recommended reading

BRADÁČ A.: Metodiky oceňování nemovitostí pro účely úvěrového řízení vč. úvěrů hypotéčních v České spořitelně, a.s. CERM Brno, a.s., IV. přepracované vydání 2002. (CS)
BRADÁČ A., a kol: Znalecký standard č. VI - Obecné zásady oceňování majetku. Brno, 1999. Ústav soudního inženýrství VUT v Brně. (CS)
BRADÁČ A.: Znalecký standard č. VII - Oceňování nemovitostí. Ústav soudního inženýrství VUT v Brně, 1999. (CS)
BRADÁČ, A.,FIALA, J.: Nemovitosti - oceňování a právní vztahy. LINDE Praha, III. přepracované vydání 2005. (CS)
BRADÁČ, A.,FIALA, J. A KOL.: Věcná břemena od A do Z. LINDE Praha, III. přepracované vydání 2005. (CS)
IVSC: Mezinárodní oceňovací standardy 2003. Slovenský překlad: Slovenská asociácia ekonomických znalcov (www.saez.sk) (SK)

Classification of course in study plans

  • Programme MSoI Master's

    branch REI , 1. year of study, winter semester, compulsory

Type of course unit

 

Lecture

39 hours, optionally

Teacher / Lecturer

Exercise

13 hours, compulsory

Teacher / Lecturer