LV EN RU DE FR

Course code JurZB006

Credit points 8

Real Estate Appraisal II

Total Hours in Course88

Number of hours for lectures28

Number of hours for seminars and practical classes28

Number of hours for laboratory classes32

Independent study hours128

Date of course confirmation10.01.2025

Responsible UnitInstitute of Land Management and Geodesy

Course developers

prof.

Vivita Puķīte

Dr. oec.

lect.

Anete Klabere-Kalvāne

Mg. pub. admin.

Prior knowledge

JurZ3027, Marketing of Real Property

JurZB004, Cadastre of Real Property

LauZ2056, Geology and Soil Science

Replaced course

JurZ3044 [GJUR3044] Real Estate Appraisal II

Course abstract

Cadastral valuation of real estate:
During the study course, students gain an idea of the importance of real estate cadastral valuation. Students gain knowledge about the process of real estate cadastral valuation. Gain knowledge about the main factors that influence the cadastral value of real estate. Acquire basic skills in the cadastral valuation of rural and building land, as well as in the cadastral valuation of buildings, apartment property and engineering structures.

Market valuation of real estate:
Students acquire the norms regulating the market value of real estate and a range of other information necessary for determining the market value. Acquire knowledge about real estate valuation methods used in practice. Real examples are used in calculating the market value of real estate. Acquire knowledge about compiling a valuation report. Acquire professional requirements for an appraiser.

Learning outcomes and their assessment

Cadastral valuation of real estate:
1.Knows the legal aspects of cadastral valuation of real estate, as well as the methodology of cadastral valuation - independent, laboratory work.
2.Able to apply the acquired theoretical knowledge practically in the cadastral valuation of real estate, perform work carefully and accurately and work independently - independent, laboratory work.
3.Able to independently obtain, select and analyze information and data and use the acquired theoretical knowledge and practical skills when engaging in the cadastral valuation process of real estate - independent, laboratory work.

Market valuation of real estate:
1.Knows the process of real estate market formation, the peculiarities of applying real estate valuation methods in determining the market value of various real estate properties - independent, practical work.
2.Able to apply knowledge when determining the market value of real estate for apartment property, land property, land and building property - independent, practical work.

3.Able to independently obtain, select and analyze information necessary for determining the market value of real estate, and draw up a full valuation report. Be able to critically evaluate one's knowledge and skills, be able to be responsible for the quality of one's work - independent, practical work.

Course Content(Calendar)

Full-time studies:
Cadastral valuation of real estate:
Lectures:
Cadastral valuation of real estate (20 h)
1. Introductory lecture. Course content and tasks (1h)
2. Grouping of real estate for the purposes of KV (1h)
3. Value zoning (1h)
4. Comparison of value zones (1h)
5. Market data (1h)
6. KV of building land and its development procedure (1h)
7. KV of rural land and its development procedure (1h)
8. KV of rural land and its development procedure (1h)
1. control work. General aspects of KV, value zones, market data, land KV (1h)
9. Cadastral valuation of buildings (1h)
10. Cadastral valuation of detached houses (1h)
11. Cadastral valuation of multifunctional buildings (1h)
12. Cadastral valuation of apartment/room groups (1h)
13. Cadastral valuation of apartment/room groups (1h)
14. Cadastral valuation of engineering structures (1h)
15. Cadastral valuation of other non-residential buildings (1h)
16. Procedure for approval of special KV, KV base (1h)
17. KV standards, foreign experience (1h)
18. Historical development of KV (1h)
2. control work. Cadastral valuation of buildings (1h)
Laboratory work:
Cadastral valuation of real estate (36h)
1. Information on cadastral value (1h)
2. Types of real estate (2h)
3. Cadastral map data (2h)
4. List of factors forming value zones for a certain territory (2h)
5. Development of a new zoning (2h)
6. Determination of the average m2 price in the DDZ building area (2h)
7. Comparison of universal and fiscal KV and offers for building land (2h)
8. Comparable land units (2h)
9. Information on the LIZ land unit (1h)
10. Calculation of building land and LIZ KV (2h)
11. Information on an individual residential building (1h)
12. Finding building samples (2h)
13. Calculation of the cadastral value of an individual residential building (1h)
14. Groups of multifunctional buildings finding samples (2h)
15. Information about an apartment building (1h)
16. Determining the BV of room groups (2h)
17. BV of an office building versus a market transaction (1h)
18. Finding samples of engineering structures (2h)
19. Calculation of special KV (1h)
20. KV standards (2h)
21. Sorting the information used in the development of KV (1h)
22. Providing an opinion on KV (2h)

Market valuation of real estate:
Lectures 8 h and practical work 28 h.
1. Content, process and requirements of the Real estate market valuation study course part (1 h)
2. The essence of real estate market value. Norms regulating real estate market value. Latvian property valuation standards. Code of ethics for appraisers (1 h)
4. Characteristics of the real estate market. Real estate market information. Real estate market databases, their creation (1 h)
5. Real estate documents for valuation purposes (1 h)
6. Property survey in nature. Determining the best and most efficient way of using property (1 h)
7. Valuation methods, their application. Land valuation. Valuation of residential and non-residential buildings (1h)
8. 1st practical work – Valuation of land property (8h)
9. 2nd practical work – Valuation of land and building property (8h)
10. 3rd practical work – Valuation of apartment property (6h)
11. Analysis and conclusion of the values obtained as a result of the calculation. Content and design of the valuation report (1h)
12. 4th practical work – Compilation of the valuation report (6h)
13. Test on theoretical questions (1 h)

In part-time studies:
All topics specified for full-time studies are implemented, but the number of contact hours is 1/2 of the specified number of hours

Requirements for awarding credit points

The exam consists of the “Cadastral valuation of real estate” part (60%) and the “Market valuation of real estate” part (40%).

In the cadastral valuation of real estate part:
Students receive an assessment based on the results of tests and developed and passed laboratory work.
After two written tests in the classroom and passed laboratory work, they receive a test with a grade.

The assessment of the market valuation of real estate part consists of:
• Developed and passed practical work.

• Successfully written test paper on theory questions.

Description of the organization and tasks of students’ independent work

Cadastral valuation of real estate:
Research of special literature on cadastral valuation of real estate, research of regulatory acts.

Market valuation of real estate:
Preparation of descriptions of practical work. Preparation for the test on theoretical questions using skills to navigate in the range of sources of special literature.

Criteria for Evaluating Learning Outcomes

The exam consists of the “Cadastral valuation of real estate” part (60%) and the “Market valuation of real estate” part (40%).

Cadastral valuation of real estate:
The exam score depends on the cumulative semester score:
1st test – 25 points,
2nd test – 25 points,
5 points make up 1 assessment score.
Laboratory work must also be developed and passed.

Market valuation of real estate:
1. The exam score is received after testing knowledge in a written test at the end of the study course and summarizing the results of practical work.
2. After developing practical work and preparing its descriptions, it is assessed whether students demonstrate knowledge and skills to independently perform real estate valuation activities.

Compulsory reading

1.Kadastrs no viduslaiku nodevu saraksta līdz modernai informācijas sistēmai un daudzfunkcionālam kadastram. Valsts zemes dienests. , Rīga, 2013. , 311 lpp. no 203.-272.lpp.
2.Zemes reforma – atslēga uz īpašumu. (2013) Valsts zemes dienests. Rīga, 2013. 335 lpp. 130.-153.lpp.
Kadastrālās vērtēšanas sistēmas pilnveidošanas un kadastra datu aktualitātes nodrošināšanas koncepcija. , VZD. ,Rīga: 2012. , 60 lpp. Par kadastrālās vērtēšanas sistēmas pilnveidošanas un kadastra datu aktualitātes nodrošināšanas koncepciju: Ministru kabineta rīkojums Nr.462 [tiešsaiste]. Pieņemts: 03.10.2012. Stājas spēkā: 03.10.2012. [Skatīts 15.03.2021.]. Pieejams: https://likumi.lv/doc.php?id=251895
3.Boruks A. Dabas apstākļi un to ietekme uz agrovidi Latvijā. Rīga, 2004. 83. – 90.lpp., 98. – 107. lpp.
4.Kadastrālās vērtēšanas noteikumi: MK noteikumi Nr. 103 [tiešsaiste]. Pieņemts: 18.02.2020. Stājas spēkā: 21.02.2020. [Skatīts 15.03.2021.]. Pieejams: https://likumi.lv/ta/id/312662-kadastralas-vertesanas-noteikumi
5.Nekustamā īpašuma valsts kadastra likums: // LR likums [tiešsaiste]. Pieņemts: 01.12.2005. Stājas spēkā: 01.01.2006. [Skatīts 15.03.2021.]. Pieejams: https://likumi.lv/ta/id/124247-nekustama-ipasuma-valsts-kadastra-likums
6.Civillikums. III daļa. Lietu tiesības: LR likums [tiešsaiste]. Pieņemts: 28.01.1937.
Stājas spēkā: 01.09.1992. [Skatīts 15.03.2021.]. Pieejams: https://likumi.lv/ta/id/90221-civillikums-tresa-dala-lietu-tiesibas
7.Baumane V. Nekustamā īpašuma vērtēšana. Teorētiskie aspekti. Jelgava: LLU, 2010. 65 lpp.

8.Youngman J. Legal Issues in Property Valuation and Taxation Cases: cases and M.aterials. USA, Lincoln Institute of Land Policy. Lincoln Institute of Land Policy, 2006. 320 p.

Periodicals and other sources

1. Dienas Bizness: nedēļas laikraksts: Latvijas biznesa avīze. Rīga: Diena: Dagens Industri, 2005-. ISSN 1407-2041

2. Mans Īpašums: konsultācijas, skaidrojumi, padomi. palīgs zemkopim, privātuzņēmējam, īpašniekam. Rīga: Mans Īpašums. ISSN 1407-4761.

Notes

In professional higher education bachelor study program “Land Management and Surveying” full-time studies and part-time studies

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