Work plans – Commission 9
Title
Valuation and the Management of Real Estate
 G Michael
Yovino-Young, Chairperson of Commission 9
Terms of Reference
- Valuation - the estimating of value of real
estate by valuers and appraisers for various purposes including market value,
property taxation, eminent domain, claims of damage or impact on value by some
cause or event, and acquisitions for public use or public policy
- Investment market value and investment planning
- Development finance, land use feasibility planning
- Management of property, as a single asset or by
management companies
- Management of property systems to ensure efficient use of
public and private resources
- Management of public sector property.
Mission Statement
- Identify valuers and appraisers in emerging economies and
developing countries and co-ordinate their activities with those of FIG.
- Increase FIG members' participation in valuation theory
and methodologies, especially in countries without established real estate
market protocols and infrastructure.
- Liaise with other appraisal and valuation organizations
and co-operate on matters of mutual interest.
- Create, refine and expand a world dictionary for valuers
and appraisers.
- Investigate new evidence of the influence of
environmental hazards on property use, value, and demand.
Working Group 9.1
Title
Education and training of valuers in developing
economies
Policy Issues
- Disparities and deficiencies in educational programmes.
- Valuation training.
Chair
Bill Rodney (UK).
Specific projects
- Distribute Commission 9 syllabus guidelines ratified by the
FIG XX congress in 1994.
- Compile a selected bibliography of literature in the
field.
- Investigate possible academic links.
Workshop(s)
Contributions to technical programmes forming part of FIG
working weeks, 1999, 2000, 2001.
Publication(s)
- Report on core curriculum - survey and model (possibly) (by
the commission).
- Report on educational programmes - survey of sources
(possibly) (by the commission).
Timetable
- Reports - to be advised.
- Working group final report, FIG congress,
2002.
Beneficiaries
FIG member associations, other involved professional
organisations, international agencies.
Working Group 9.2
Title
Environmental influences on real estate
Policy issues
- Creating a global awareness of the negative influences of
contamination and ecological degradation.
- Requirements for new training and protocols for valuation
practitioners.
Chair
Michael Yovino-Young.
Specific projects
- Investigate and catalogue types, extents and impacts of
contamination of real estate.
- Identify resources available for practitioners including
bibliographies, source organizations, remediation industry programmes,
procedures, protocols, and related cost criteria.
Workshop(s)
Contributions to technical programmes forming part of FIG
working weeks, 1999, 2000, 2001.
Publication(s)
Report on results of work group investigations and reports
(by the commission).
Timetable
- Report of results of investigations and reports,
2000.
- Working group final report, FIG congress,
2002.
Beneficiaries
FIG member associations, other international and national
professional organizations, international agencies,
governments.
Working Group 9.3
Title
Research funding
Policy Issues
- Seeking sources of funding for research and delivery of
papers.
- Encouraging participation in Commission 9’s educational
presentations at FIG working weeks.
Chair
Simon Adcock (Australia).
Specific Project(s)
n/a
Workshop(s)n/a
Publication(s)
Annual report on names of recipients, amounts of grants,
subjects of research papers, where presented, availability.
Timetable
See publications.
Beneficiaries
FIG members and other
academics/practitioners.
Working Group 9.4
Title
Promoting valuation membership of FIG
Policy issues
The under-representation of valuation organisations within
FIG.
Chair
David Millard (USA).
Specific projects
- Identify groups and organisations of valuers/appraisers
world wide and invite them and their members to participate in FIG events and
to liaise with Commission 9 officers and delegates.
- Where possible visit organisations in their home
countries.
Workshop(s)
n/a
Publication(s)
Annual list of organisations approached, responses and
recommendations for further contact.
Timetable
See publications.
Beneficiaries
FIG; Commission 9.
Joint Commission 2 and 9 Working Group (WG 9.5)
Title
Education of Valuation Professionals in FIG.
Policy issues
- Education on valuation through information network in FIG (an integrated
virtual learning environment). Let education move, not people.
- Educational ladder. A stepped way of advancing shall be planned for
improving the knowledge of valuation.
An educational package of valuation should be created and offered on the
homepage of FIG. The developing countries and those under transition economy
should intentionally be chosen as the target group.
- Co-operation in education / a network for supporting the contact persons.
Chair
Prof. Kauko Viitanen (Finland).
Specific projects
- Establish an Internet forum for discussion of the education on valuation.
- Collect information and determine terminology, basic theories, basic
methodology on valuation.
- Create the educational package of valuation.
- Co-operation with Commission 2 and especially with the WP 2.2 (Virtual
academy - distance learning) on distance education and training and with
Commission 9 especially the WP 9.1 (Education and training of valuers in
developing economies). Co-operation also with all other commissions as
regards distance education and training.
- Establish contacts with the universities, the associations for valuation
etc. outside FIG.
- Set up a home page with an educational package of valuation with
hyperlinks to Web sites for distance learning.
Workshop(s)
- Virtual workshops and information delivery via the Internet.
- Presentations at FIG working weeks, Korea 2001, USA 2002 and Germany 2006.
- Discussions/presentations can be arranged also in some other seminars of
Commission 9 (e.g. Copenhagen 2001).
Publication(s)
- Digital material on Web sites
- Short articles in journals
Timetable
- Set up home page with hyperlinks to Web sites during 2001-2005.
- Continuous communication via the Internet.
- Working group final report, Congress in Munich, 2006.
Beneficiaries
Distance learning students, individual surveyors, civil servants,
politicians, landowners, employers, universities and university teachers etc.
Other Activities
- Expand communications to valuers and appraisers worldwide
through the commission home page.
- Through the internet and other means of communication,
act as a clearing house for practical research, data base development, data
searches and educational opportunities,
- Reach out to academia, both faculty and students, to
encourage future research papers for presentation at FIG events.
- Interact with other FIG commissions, especially
Commission 2 - professional standards - and Commission 2 - professional
education - in matters relating to valuation practices and protocols.
- Organise presentations of technical papers by
practitioners of interest to valuers and appraisers as Commission 9’s
contribution to FIG events.
Commission officers and chairs of
working groups
Chair
G. Michael Yovino-Young
2716 Telegraph
Avenue
Berkeley
Ca. 94705-1175
USA
Email myovino-young@yovino.com
Tel + 1 510 548 1210
Fax
+ 1 510 548 3110
Vice-Chair
Stephen Yip
Land Elite Surveyors Ltd
Sea
Bird House, 5th floor
22-28 Wyndham Street
Central
HONG
KONG, CHINA
Email landelit@netvigator.com
Tel + 852
2869 7138
Fax + 852 2869 6010
Working Group 9.1
Chair
Bill Rodney
Business School
City
University
Northampton Square
London EC1V 0HB
UK
Email W.Rodney@city.ac.uk
Tel + 44 171 477
8213
Fax + 44 171 477 8673
Working Group 9.2
Chair Michael Yovino Young (see above)
Working Group 9.3
Chair Simon Adcock
Office of the Valuer General
235
Queen Street
Melbourne
Victoria 3000
Australia
Email Simon.Adcock@nre.vic.gov.au
Tel
+ 61 3 9603 8118
Fax + 61 3 9603 8130
Working Group 9.4
Chair David Millard
GMAC Commercial Mortgage Company
550 California Street, 12th floor
San
Francisco
Ca. 94104
USA
Email
Tel + 1 415 391 6155
Fax + 1 415 391 2749
Joint Commission 2 and 9 Working Group (WG 9.5)
Chair Prof. Kauko Viitanen
Helsinki University of Technology
Real Estate Studies
P.O. Box 1200
02015 HUT
Finland
E-mail: kauko.viitanen@hut.fi
Tel. + 358 9 451 3870
Fax + 358 9 465 077
Working Group WG 9.6
David Smejkal, Chair of WG 9.6
Institute for Property Expert Valuation
Prague
CZECH REPUBLIC
Tel. + 420 2 2482 7144
Email: d.smejkal@a-consultplus.cz
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