REAL ESTATE CERTIFICATE PROGRAM

Transcription

1 NATIONAL INSTITUTE OF VALUATION VALUATION AND PROPERTY SERVICES DEPARMENT MINISTRY OF FINANCE MALAYSIA REAL ESTATE CERTIFICATE PROGRAM

2 CERTIFICATE IN REAL ESTATE VALUATION C ertificate in Real Estate Valuation is the first programme established in Malaysia that produced quality and all-rounded semi-professional workforce. The content of this program is based on industry oriented to ensure graduates are ready to face all the requirements and challenges in the workplace. The following are the advantages offered to the graduates: Graduates are entitled to receive the higher salary than the SPM certificate holder which is P1T9 for the post of Assistant Valuer (W17) in the government sector. Credit exemption from UWS Australia which offer saving from 3 to 1 year which requisite in Bachelor of Business and Commerce (Property). WHO IS VALUER? Valuer roles are to advise and provide opinion on the real estate value. Besides that, valuer also plays important roles as property consultant, project consultant, advisor in the real estate investment, property auctioneer and building managers. In this context, valuer can advise and provide opinion regarding investment and financial matters on property development to the companies or individuals who seek for advice on matters concerning land and buildings in terms of rental, buying and selling, mortgage lending, and others Credit exemption from QUT Australia which offer saving from 4 year to 11/2 year which requisite in Bachelor of Urban Development (Property Economics). Graduates are eligible to sit for Professional Exam, Royal Institute Surveyor Malaysia (RISM) which is Property Consultancy and Valuation Surveying Division (PCVS). Accredited by JPA, RISM, LPPEH, UITM, UTM, QUT, UWS and International Professional Body: Royal Institution of Chartered Surveyors (RICS). PROGRAM OBJECTIVE To produce quality and all-rounded semi-professional workforce which capable in carrying out the real estate valuation jobs, Roles: The roles of valuer are to provide professional services in valuing the property, plant, machinery and equipment. Valuation is needed for the purpose of: 1. Asset valuation 2. Statutory valuation 3. Sales or purchases, housing loan, mortgage, auction, court references, rental determination, compensation of land acquisition by government, fire insurance and etc. Others expertise for the valuation profession includes valuation of private hospital, airports, hotels, plantations and special properties such as mines and quarries land and petrol stations, shopping complex and office buildings, plant, machinery and equipment. To offer skillful workforce for the post of Assistant Valuer in any government sector, statutory body, PBT and private sector. To provide opportunity to INSPEN graduates to pursue their studies to the higher level in Malaysia or overseas. CAREER Certificate in Real Estate Valuation (CREV) graduates from INSPEN will be having job opportunity as Valuation Assistant (W17) in JPPH, Ministry of Finance Malaysia, local authorities, government agency or public sector as assistant valuer officer. List of private valuation firm and developer can be check in the official website of LPPEH at www. lppeh.gov.my. ENTRY REQUIREMENTS Entry requirements are as follows: General requirements: Malaysian Citizens Age between 17 to 21 years old on the closing date Pass in SPM or equivalent SPM Requirements: Credit in Bahasa Melayu Credit in Mathematics or Additional Mathematics Credit in any Science/ Accounts/ Economy Pass in 2(two) other subjects including English. PROGRAM STRUCTURE STUDY DURATION INDUSTRIAL TRAINING COURSE EVALUATION 2 years full time 14 Weeks during 4th Semester Course Work, Project Presentation, Group Presentation & Examination COURSE OUTLINE FIRST SEMESTER 1 Real Estate Valuation 2 Introduction to Law 3 Valuation Mathematics 4 Principles of Economics 5 Computer 6 English I 7 Islamic / Moral Studies SECOND SEMESTER 8 Real Estate Valuation II 9 Introduction to Property Law 10 Introduction to Property Management 11 Building Technology and Services 12 Drawing Skills in Valuation 13 English II THIRD SEMESTER 14 Introduction to Property Taxation 15 Malaysian Studies 16 English III FOURTH SEMESTER 17 Industrial Training FIFTH SEMESTER 18 Real Estate Agency and Marketing Practice 19 Principles of Town and Country Planning 20 Building Maintenance 21 Land Economics 22 Principles of Accounting 23 Co-curriculum

3 CERTIFICATE IN PROPERTY MANAGEMENT C ertificate in property management is the first programme established in Malaysia that produced quality and all-rounded semi-professional workforce. The content of this program is based on industry oriented to ensure graduates are ready to face all the requirements and challenges in the workplace. The following are the advantages offered to the graduates: Credit exemption from UWS Australia which offer saving from 3 to 1 year which requisite in Bachelor of Business and Commerce (Property). Credit exemption from QUT Australia which offer saving from 4 year to 11/2 year which requisite in Bachelor of Urban Development (Property Economics). Recognised by Universiti Teknologi Malaysia (UTM) and Universiti Teknologi Malaysia (UiTM) Supported by Professional Real Estate Body: Royal Institute Surveyor Malaysia (RISM), The Board of Valuers, Appraisers and Estate Agents Malaysia (BOVEA) and accredited by International Professional Body: Royal Institution of Chartered Surveyors (RICS). WHO IS PROPERTY MANAGER? Property manager is a person who is appointed by the property owner to manage the property. Property managers job is to keep and manage the property investment at the level of best and reasonable. Property Managers duties and responsibilities including building operating fund and budget, tenancy management, maintenance management, legal and contract documentation, administration, human resource management, insurance and others. Roles: Property management involves the management of the building owner or the management corporation whose manage the building involving an individual or organization to ensure optimal returns on real estate investments and ownership. Achievement and management goals are as follows: PROGRAM OBJECTIVE To produce quality and all-rounded semi-professional workforce which capable in carrying out property management jobs. To offer skillful workforce for the post of Assistant Property Manager/ Building/ Facility in any government sector, statutory body, PBT and private sector. 1. Management of buildings and equipment through effective and efficient maintenance; 2. Ensure the highest level of occupancy and maximum rent in order to achieve optimum profit; 3. Control charges and expenses by giving priority to the best service and at the same time maintaining high standards and quality management; 4. Check and study on the operating costs; and 5. Manage the account and rental income. To provide opportunity to INSPEN graduates to pursue their studies to the higher level in Malaysia or Overseas CAREER Certificate of property management graduates from INSPEN will be having job opportunity in the government and private sector. This is parallel with the objective of the course which is to produce quality and all-rounded semi-professional workforce in the property management. The government Sector, JPPH, Ministry of finance (MOF), public authorities and other government agencies will offers job opportunity as Assistant Valuer (W17) List of private registered firms which practice property management service can be obtained from the official website of Board of Valuers, Appraisers and Estate Agents Malaysia (BOVEA) at ENTRY REQUIREMENTS Entry requirements are as follows: General requirements: Malaysian Citizens Age between 17 to 21 years old on the closing date Pass in SPM or equivalent SPM Requirements: Credit in Bahasa Melayu Credit in Mathematics or Additional Mathematics Credit in any Science/ Accounts/ Economy Pass in 2(two) other subjects including English. PROGRAM STRUCTURE STUDY DURATION INDUSTRIAL TRAINING COURSE EVALUATION 2 years full time 14 Weeks during 4th Semester Course Work, Project Presentation, Group Presentation & Examination COURSE OUTLINE FIRST SEMESTER 1 Property Management I and Information Technology 2 Building Technology 3 Introduction to Law 4 Eonomics of Real Estate 5 Islamic/Moral Studies 6 English I SECOND SEMESTER 7 Property Management II 8 Introduction to Property Law 9 Building Services 10 Building Drawing 11 Principles of Valuation and Technique 12 English II THIRD SEMESTER 13 Building Maintenance 14 Malaysian Studies 15 English III FOURTH SEMESTER 16 Industrial Training FIFTH SEMESTER 17 Real Estate Agency & Marketing 19 Property Taxation and Introduction to Town Planning 19 Principles of Accounting 20 Property Management III 21 Building Performance and Defect 22 Co-Curriculum

4 CERTIFICATE IN ESTATE AGENCY Certificate of estate agency is the third programme conducted in INSPEN. It is different from other courses offered in IPTA whereas its main focus is to produce a professional agent in real estate agency. This program is a pathway to become a qualified estate agent that has knowledge and technical expertise in property industry. This program also aims to produce estate agent who are capable in achieving the required level of expertise in estate agent industry. CEA focuses both theoretical and practical aspects of estate agency practice and related fields. This program offered 2 modes of studies: full time and part time. The differences between these two modes are: Full time program is offered to students age from 17 to 21 years old Part time program is offered to students age from 17 years old and above (no age limit) CEA has been accredited by Board of Valuers, Appraisers and Estate Agent. (Equivalent to the written examination: part 1 and part 2 of the real estate agent examination). PROGRAM OBJECTIVE The graduates are able to: Comprehend knowledge and technical expertise in real estate agency practices. Comprehend and apply consultations technique, sales and marketing effectively. Become a confident and professional real estate agent. WHO IS REAL ESTATE AGENT? Real estate agent appointed as a representative of the landlord for the purpose of sale or rental of a real estate. Transaction involving real estate is complex due to the complexity of the real estate nature. Real estate consists of various types of the land such as agricultural land, residential buildings, commercial buildings, and industrial. Each of the real estate requires specific expertise, particularly related to the legal and administrative aspects of the property, negotiation skills, the tax system, government policies and others. Besides, the real estate transaction involves the large sum of money and not many people could afford it. Good and strategic marketing which involves long period of time is needed hence cause people to hire the real estate agent as the representative. The need for the good real estate agents who has extensive knowledge in this area is needed to ensure that the interests of the parties involved in the transaction are secure. Roles: Scope of work for real estate agent cover all real estate sector for the owner, investor or occupant includes the services like: 1. Rental and leasing 2. Sales and purchase 3. Investment consulting 4. Property marketing As an alternative to become a registered estate agent. CAREER CEA is the alternative routes for graduates to establish as the registered real estate agents from LPPEH. The course which offered in 2 modes (full time and part time) had been accredited by BOVEA (equivalent to the written examination: part 1 and part 2 of the real estate agent examination). ENTRY REQUIREMENTS Entry requirements for Certificate in Estate Agency (FULL TIME MODE or PART TIME MODE) are as follows: General Requirements Malaysian Citizens; Full Time Mode: Age 17 to 21 years old on the closing date Part Time Mode: No age limit Pass SPM examination or equivalent. SPM Requirements (Full Time & Part Time Mode) Credit in Bahasa Melayu, Credit in Mathematics, or Science, or Commerce, or Account, 1 Credit in any subjects taken, and 2 Pass in any subjects taken. OR (Additional Requirements for PART TIME MODE only) Certificate of Real Estate Valuation (CREV) from INSPEN, or Certificate of Property Management (CPM) from INSPEN, or Diploma in any discipline recognized by JPA, or Bachelor degree in any discipline recognized by JPA. PROGRAM STRUCTURE COURSE OUTLINE FIRST SEMESTER 1 Principles of Accounting 2 Introduction to Law 3 Principles of Economics SECOND SEMESTER 4 Laws Relating to Property 5 Principle of Property Investment and Valuation 6 Principles and Practice of Marketing 7 Real Estate Agency Practice 8 Integrated Paper I THIRD SEMESTER 9 Property Taxation 10 Land Economics 11 Ethic and Professional Practice 11 Building Technology and Maintenance 12 Integrated Paper II FOURTH SEMESTER 13 Industrial Training FULL TIME PART TIME STUDY DURATION 15 Months 14 Months INDUSTRIAL TRAINING 3 Months 6 Months COURSE EVALUATION Course Work, Project Presentation, Group Presentation & Examination

5 INTAKE SESSION CERTIFICATE IN REAL ESTATE VALUATION & CERTIFICATE IN PROPERTY MANAGEMENT Admission offer will be open in May until September every year. Application can be done online via official website Academic session will begin on November every year. CERTIFICATE IN ESTATE AGENCY (FULL TIME & PART TIME) Admission offer will be open in May until September every year. Registration form can be downloaded via official website at Full Time Mode: Academic session will begin on November every year. Part Time Mode: Academic session will begin on January every year. FEES CERTIFICATE IN REAL ESTATE VALUATION & CERTIFICATE IN PROPERTY MANAGEMENT CERTIFICATE IN ESTATE AGENCY FACILITIES OFFERED FEE EVERY SEMESTER (RM) Studies Facilities Miscellaneous TOTAL FULL TIME PART TIME FEE EVERY SEMESTER FEE ONE TIME PAYMENT Studies RM Course Registration RM Facilities RM Studies RM 8, Miscellaneous RM TOTAL RM 8, TOTAL RM JUMLAH RM 8, Accomodations, meals, library, wi-fi, sports and recreational facilities. CERTIFICATION & ACCREDITATION CIVIL SERVICE DEPARTMENT, MALAYSIA ROYAL INSTITUTION OF SURVEYORS, MALAYSIA BOARD OF VALUERS, APPRAISERS & ESTATE AGENTS, MALAYSIA UNIVERSITI TEKNOLOGI MARA UNIVERSITI TEKNOLOGI MALAYSIA ROYAL INSTITUTION OF CHARTERED SURVEYORS GRADUATES DESTINATION CREV & CPM GRADUATES DESTINATION WORKING? CEA GRADUATES DESTINATION INSTITUT PENILAIAN NEGARA INSTITUT PENILAIAN NEGARA PRIVATE PRIVATE VALUER FIRM PRIVATE PROPERTY MANAGEMENT FIRM PROPERTY DEVELOPER DIPLOMA UNIVERSITI TEKNOLOGI MARA UNIVERSITI TEKNOLOGI MALAYSIA EDUCATION? GOVERNMENT VALUATION & PROPERTY SERVICES DEPT LOCAL AUTHORITIES COUNCIL OTHER DEPARTMENTS & AGENCIES BACHELOR S DEGREE QUEENSLAND UNIVERSITY OF TECHNOLOGY UNIVERSITY OF WESTERN SYDNEY REGISTERED AS PROBATIONARY ESTATE AGENT 2 YEARS OF PRACTICUM IN ANY REAL ESTATE FIRM SITTING FOR THE TEST OF PROFESSIONAL COMPETENCE (TPC) CERTIFIED AS A REGISTERED REAL ESTATE AGENT

6 NATIONAL INSTITUTE OF VALUATION VALUATION AND PROPERTY SERVICES DEPARTMENT MINISTRY OF FINANCE MALAYSIA twitter.com/inspen_jpph facebook.com/inspenjpph Building Learning Organisation