How do u become a valuer

[vluu28]

Hi,

Just wondering. In order to become a valuer what is required. What kind of education do u need to undertake? ie higher edu..

Thanks

Vinh

[JoannaK]

You have to go to Uni and do a Land Economics Degree I think.

[Peter 14.7]

Agree Uni or sometimes high level TAFE.

Some caution though as many valuers I know are being crippled by professional indemnity and public liability insurance premiums. One has given up valuation all together.

Peter 147

[Gill Bates]

Look at

Job Guide 2004 - Job Details... Real Estate Valuer who may specialise in the valuation of city ... State/Territory Specific Information: Information relating to education and training, employment ...
http://jobguide.thegoodguides.com.au/jobdetails.cfm?jobid=311

as specific requrements for each state in detail

ie education for QLD is ,
Education and Training:
To become a real estate valuer, you usually have to study a degree with a major in property. Valuers specialising in other fields, such as machinery, art, collectibles or antiques, usually have qualifications or extensive experience in their area of specialisation. Additional training is usually given on the job. To get into these courses you usually need to pass your QCE. Prerequisite subjects, or assumed knowledge, in one or more of English or maths are normally required. The various universities have different prerequisites and some have flexible entry requirements. Contact the universities you are interested in for more information as requirements may change.

Found via Google ,
http://www.google.com.au/search?q=valuer+education+site%3Aau&ie=UTF-8&hl=en&meta=

[RightValue]

Undergraduate: 3-4 year degree covering valuation business and land economy, followed by 2-3 years work experience under supervision, followed by an oral exam.

Post Graduate, the course is 12-18 months (not as broad, just Vals related) followed by the same level of experience and exam.

This is in general, registration requirements vary from state to state. In NSW for example, a degree and a few months experience gets you limited registration, for lower value residential properties.

I suggest you contact the API (Australian Property Institute) in your state of choice for full details.

cheers,
RightValue

[geoffw]

Vinh

I don't know about the profession of valuing. My apologies.

But just a thought as to peoples' motivation about going into reals estate (anybody- there have been a lot of people asking the question in this forum).

MrsW is in the travel industry. She was told that, if she was entering the industry because whe wanted to travel, then she should forget it. She would be far better off getting a job which paid a lot more, and would give her a LOT more opportunity (ie money) to travel.

I wonder if people who are getting excited about real estate want to get into the industry in order to "get in on the ground floor".

For me, the best profession to get into if you are getting into real estate is:

1. The profession which gives you job satisfation.
2. The profession which pays well (servicibility as well as the obvious benefits).

Unless you are going to be a full time renovator, you will be spending a lot more time in your day job than in real estate. Then it may as well bhe something you enjoy.

[Sunstone]

Dear Vin,

When we had the local QLD manager of MVS give a talk at one of our BIG meetings (see below) one of the comments made was the huge shortage of valuers that is coming up. 50% of valuers will reach "retirement" age in the next 5 years and exacerbate an existing shortage.

http://www.somersoft.com/forums/showthread.php?t=13764&highlight=mvs%2A

I can see potential benefits if you wanted to go down this path. (Just make sure it fits your documented long-term plan. ;) )

Cheers,

Sunstone.

[vluu28]

Thanks for ur help

[geoffw]

Good luck Vinh.

We would appreciate knowing how you are going along the path.