College

of Business Management and Accountancy

School Year 2020-2021

COURSE SYLLABUS
REAL ESTATE APPRAISAL and PROPERTY MANAGEMENT (REM_122)

TRINITY UNIVERSITY OF ASIA

COLLEGE OF BUSINESS MANAGEMENT AND ACCOUNTANCY
VSION
VISION
“A premier Christian University in Asia and the Paci=ic transforming a community of learners as The College of Business Management and Accountancy recognizes the need to help students
leaders towards a human society” understand and embrace leadership in accelerating development, technology, globalization of markets,

availability of capital and increasing diversity that transform the economic environment worldwide. It
MISSION offers an integrated program and learning culture that values individual vision, intellectual discipline and
teamwork.
To promote the formation of integrally-developed, competent, productive and socially responsible The CBMA students are developed as future business leaders and managers imbibed with Chris-
citizens by: tian values. As managers in the 21st century, they shall no doubt conquer the most daunting challenges.
• Instilling Christian values in all its academic programs, co-curricular and extra-cur-
ricular activities; MISSION
• Providing excellent services for a quality learning environment;
“Nurturing Christian Business Leaders of Tomorrow” is the commitment of CBMA in response
• Extending our ideals of service learning for our partners by empowering communities
to be self-reliant and by collaborating with other institutions; to the mission of the University.
• Encouraging self-improvement among employees to gain higher competence and bet-
ter skills towards service excellence; and Speci=ically, the College of Business Management and Accountancy aims to:
• Exercising sound management of our resources.
1. Provide an understanding of the principles of planning and controlling of activities, measuring
performance and establishing and operating policies to achieve organizational goals;
TUA CORE VALUES
2. Equip students with skills in presenting, compiling and summarizing =inancial reports that
• INTEGRITY - We uphold honesty, accountability, and fairness in the performance of adequately meet the needs of the organization’s stakeholders;
our tasks. 3. Develop decision-making skills that would make them innovative in their approach to busi-
• EXCELLENCE - We are guided by the highest standard in performance of our duties in ness problems and situations;
instruction, research, and the community service. 4. Undertake practical application of marketing research, marketing plans and a diagnostic case
• INNOVATION - We courageously explore avenues to develop new programs and pro- study of =irms, as well as analyzing advertising in a variety of media;
cesses to assure the faithful achievement of our institutional goals and objectives.
5. Provide a computer knowledge and skills which are indispensable in the orientation of a
• TEAMWORK - We move as one in the spirit of mutual trust, loyalty and solidarity to
achieve our common goals. business organization or a government agency; and
• SOCIAL RESPONSIBILITY - We commit to deliver services through an integrated 6. Provide well-trained graduates who have the capacity for independent thought and work
and instill in them Christian life values.
 FIVE (5) MARKS OF MISSION

1 To proclaim the Good News of the Kingdom.

2 To teach, baptize and nurture new believers.

3 To respond to human need by loving service.

4 To transform unjust structures of society, to challenge vio-

lence of every kind and pursue peace and reconciliation.
5 To strive to safeguard the integrity of creation, and sustain
and renew the life of the earth.

 BACHELOR OF SCIENCE IN REAL ESTATE MANAGEMENT

1. Provide complete understanding of the concepts, principles, theories, and philosophies of business, management, finance, economics, operations and
marketing as applied to real estate service practice.
2. Assist students to seek employment and facilitate the integration process in the real estate corporate environment and local government so they can be
immediately productive in the workplace.
3. Help the students to seek employment and entry level jobs as entrepreneurs, marketing executives or positions of responsibility as real estate brokers,
appraisers and consultants.
4. Prepare students to formulate real estate project feasibility studies and other related works to build a portfolio attesting to their competence and ability to
pursue appropriate careers in the real estate management practice.
5. Prepare civil servants to discharge their functions, duties and responsibilities as government appraisers and assessors of public domain for taxation and
other public services purposes.

COURSE CODE : REM_122/AREM 116

COURSE TITLE : REAL ESTATE APPRAISAL and PROPERTY MANAGEMENT
COURSE CREDIT : 54 hours
PLACEMENT : 2nd SEMESTER, 3rd YEAR
PRE-REQUISITES : 1st & 2nd Year Basic Business Core subjects, Fundamentals of Real Estate Management, Real Es-
tate Marketing and Brokerage, Legal Aspects of Real Estate, Ethical Standard for Real Estate Practice

COURSE DESCRIPTION:
The course is an introduction to basic appraisal principles including real property concepts and characteristics, legal considerations, influences
on real estate values, types of value, economic principles and overview of real estate market analysis. It also examines the ten (10) Uniform Standards
of Professional Appraisal Practice, ethics rules and advisory opinions.

COURSE LEARNING OUTCOMES (CLO) :

At the end of the course and given simulated conditions/situations, the student should be able to:
1. Learn the basic foundation of real estate appraisal.
2. Understand the Uniform Standards of Professional Appraisal Practice, ethics rules and advisory opinions
 3. Acquire the knowledge and skills that are necessary in the preparation of a real estate appraisal report.
COURSE LEARNING OUTCOMES AND PROGRAM LEARNING OUTCOMES MAPPING TABLE
COURSE LEARNING OUTCOME (CLO) PROGRAM LEARNING OUTCOMES (PLO)
PLO1 PLO2 PLO3 PLO4 PLO5

1 Learn the basic founda1on of real estate appraisal. O O O L P

2 Understand the Uniform Standards of Professional Appraisal Prac1ce, ethics rules and advi- O O O L P
sory opinions

3 Acquire the knowledge and skills that are necessary in the prepara1on of a real estate ap- O O O L P
praisal report.

LEGEND:

L LEARNING P PRACTICE O OPPOTUNITY

LEARNING STRATEGIES
TOPIC LEARNING OUTCOMES (TLO) TOPICS ASSESSMENT
CLASSROOM TA
To level the expectations of students regarding TUA, Orientation
CBMA, and the course that they are finishing. • TUA Values and Objectives
• CBMA Goals PPT Participation
1.5
• Course Details & Requirements Syllabi Short Quiz:MCQ
hours
• Grading System Assignment
• First Assignment
1. Have an understanding of the need for a Profes- Introduction to Real Estate Appraisal Classroom directed
sional Appraiser. A. The Appraisal Profession activities: Participation
2. Be able to identify the necessary requirements for B. Legal Requirements for Practice Formal lecture;
3.0
a Professional Valuer. recitation and dis-
hours
3. Be aware of the Purposes of Valuation. cussions Case analysis

1. Familiarize oneself with the Valuation Principles Concepts Fundamental to Generally Ac- Classroom directed
and Concepts cepted Valuation Principles activities:
3.0
2. Understand the Concepts of Market Value, High- A. Essentials of Valuation Formal lecture; Score in short quiz
hours
est and Best Use and Utility B. Land Valuation Methods recitation and dis-
cussions
1. Learn the development of the Philippine Valuation Standards and Ethics Classroom directed
Standards. A. Fundamentals activities:
2. Be familiar with the Code of Conduct for Apprais- B. Standards 3.0 Presented case
Formal lecture;
ers. C. Applications hours analysis
recitation and dis-
D. Guidance Notes cussions
1. Differentiate the Two (2) General Classification of Market Value and Non-Market Value Classroom directed
Value A. PVS1 – Market Value Basis of Valuation activities:
2. Learn the three (3) Principal Bases of Value B. PVS2 – Bases Other Than Market Value Formal lecture; 3.0
recitation and dis- hours
cussions Presentation of
USP
1. Learn the attributes of Real Estate Influences in Real Estate Values Classroom directed
2. Have an understanding of the real estate value A. Forces That Impact Real Estate activities:
influences. Values Formal lecture;
1. Physical Forces recitation and dis- 3.0
2. Economic Forces cussions hours Graded recitation
3. Governmental Forces
4. Social Forces
 1. Learn the major supply and demand factors that Economic Factors Affecting Value Classroom directed
cause economic changes affecting real estate. A. Economic Characteristics of Value activities:
2. Understand the principles of value that relate to B. Economic Principles Formal lecture; 3.0
the marketing and productivity of real estate. C. Four Agents of Production recitation and dis- hours Score in short quiz
3. Learn the Land Economic theories and Factors af- cussions
fecting land value.
1. Learn the main goals of the 2 branches of geogra- Human and Physical Geography Classroom directed
phy. A. Five Themes of Human and activities:
2. Understand the patterns of human distribution Physical Geography Formal lecture; 3.0 Graded presenta-
and physical environment. B. Human Geography recitation and dis- hours tion of new prod-
C. Geographical Techniques cussions uct concept
MID-TERM EXAMINATION 1.5
hours
1. Be familiar with the Valuation Process. Valuation Procedure Classroom directed
2. Introduce the steps in determining the HABU. A. Valuation Process activities:
6.0
B. Single Asset Valuation - Essential Formal lecture; Score in post test
hours
Steps recitation and dis-
cussions
1. Be familiar with the Market Data Approach to de- Methodology of Appraisal Approaches Classroom directed
termine a property’s value. A. Market Data Approach activities:
2. Understand the Cost Approach to Value. B. Cost Approach Formal lecture; 9.0
3. Familiarize with the Income Approach to Value. C. Income Approach recitation and dis- hours Graded group par-
cussions ticipation
1. Be familiar with Appraisal Report. Appraisal Report and Appraisal Review Classroom directed
2. Understand the Appraisal Review Report. A. Appraisal Report Writing activities: 3.0
B. Appraisal Review Formal lecture; hours Mini-marketing
recitation and dis- plan
cussions
FINAL EXAMINATION 1.5
hours

LEARNING RESOURCES:
 1. Lectures Materials
2. References Books and Journals
3. Online sources and contents
4. PPT
5. Cases

COURSE REQUIREMENTS:
1. Lecture Presentations
2. Graded Recitation
3. Reaction and Reflection Papers
4. Preparation of Handouts
5. Preparation of Mock Exam Questions
6. Topic Quizzes and examination

GRADING SYSTEM: (UNIVERSITY STANDARD GRADING SYSTEM)

GRADING SYSTEM

• One (1) grading term (semester or summer) is divided into two (2) grading periods. The first grading period consists of the preliminary and
midterm examinations while the second grading period, the semi-final and final examinations. Each grading period shall be computed based on
the following:
 GRADING SYSTEM

• One (1) grading term (semester or summer) is divided into two (2) grading
periods. The first grading period consists of the preliminary and midterm ex-
amina1ons while the second grading period, the semi-final and final examina-
1ons. Each grading period shall be computed based on the following:
Class Standing 60%
Quizzes/case problems (40%)
Assignments, and projects (20%)
Major ExaminaKon 40%
TOTAL 100%

The Midterm Period Grade is computed as follows:

First half Quizzes/RecitaKon 50%
First half AVendance/Deportment 10%
Midterm Exam 40%
TOTAL 100%

The Final Period Grade is computed as follows:

Total Quizzes/RecitaKon 50%
Total AVendance/Deportment 10%
Midterm Exam 20%
Final Exam 20%
TOTAL 100%

•
•

REFERENCES
1. Philippine Valuation Standards, 2nd Edition, 2020, Bureau of Local Government Finance, Department of Finance

2. IVS 2020, Jan. 2020 Edition, International Valuation Standards Council (IVSC)
 3. Mass Appraisal Guidebook, A Supplement to the Manual of Real Property Appraisal and Assessment Operations, April 2010, Bureau of Lo-
cal Government Finance, Department of Finance

4. http://blgf.gov.ph/wp-content/uploads/2015/11/Philippine-Valuation-Standards-Manual.pdf

5. http://blgf.gov.ph/wp-content/uploads/2015/11/Mass-Appraisal-Guidebook.pdf

6. https://www.ivsc.org/standards/international-valuation-standards

Prepare by: Reviewed by: Approved by:

KAREN L. UY, REC, REA, REB, PhD, MBA KAREN L. UY, REC, REA, REB, PhD, MBA MA. VICTORIA U. ROSAS, Ph.D.

Faculty Department Head Dean