Academic Brochure - Institut Penilaian Negara

NATIONAL INSTITUTE OF VALUATION
VALUATION AND PROPERTY SERVICES DEPARMENT
MINISTRY OF FINANCE MALAYSIA
REAL ESTATE CERTIFICATE PROGRAM
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).
•
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,
•
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.
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
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.
2.
3.
Asset valuation
Statutory valuation
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.
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
FIRST SEMESTER
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.
STUDY DURATION
2 years full time
INDUSTRIAL TRAINING
14 Weeks during 4th Semester
COURSE EVALUATION
Course Work, Project
Presentation, Group
Presentation & Examination
Real Estate Valuation
Introduction to Law
3
Valuation Mathematics
4
Principles of Economics
5
Computer
6
English I
7
Islamic / Moral Studies
SECOND SEMESTER
COURSE OUTLINE
PROGRAM STRUCTURE
1
2
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
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:
1.
PROGRAM OBJECTIVE
2.
•
To produce quality and all-rounded semi-professional workforce which capable in carrying out
property management jobs.
3.
•
To offer skillful workforce for the post of Assistant Property Manager/ Building/ Facility in any
government sector, statutory body, PBT and private sector.
4.
5.
•
To provide opportunity to INSPEN graduates to pursue their studies to the higher level in
Malaysia or Overseas
Management of buildings and equipment through effective and
efficient maintenance;
Ensure the highest level of occupancy and maximum rent in
order to achieve optimum profit;
Control charges and expenses by giving priority to the best
service and at the same time maintaining high standards and
quality management;
Check and study on the operating costs; and
Manage the account and rental income.
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 www.lppeh.gov.my
ENTRY REQUIREMENTS
FIRST SEMESTER
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.
STUDY DURATION
2 years full time
INDUSTRIAL TRAINING
14 Weeks during 4th Semester
COURSE EVALUATION
Course Work, Project
Presentation, Group
Presentation & Examination
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
COURSE OUTLINE
PROGRAM STRUCTURE
1
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
CERTIFICATE IN ESTATE AGENCY
C
ertificate 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
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:
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.
•
As an alternative to become a registered estate agent.
1.
2.
3.
4.
Rental and leasing
Sales and purchase
Investment consulting
Property marketing
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
FIRST SEMESTER
Entry requirements for Certificate in Estate Agency (FULL TIME MODE or PART TIME
MODE) are as follows:
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.
Principles of Accounting
2
Introduction to Law
3
Principles of Economics
SECOND SEMESTER
COURSE OUTLINE
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.
1
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
PROGRAM STRUCTURE
STUDY DURATION
INDUSTRIAL TRAINING
COURSE EVALUATION
FULL TIME
PART TIME
15 Months
14 Months
3 Months
6 Months
Course Work, Project Presentation, Group
Presentation & Examination
Industrial Training
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 www.inspen.gov.my.
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 www.inspen.gov.my.
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
FEE
EVERY SEMESTER (RM)
Studies
200.00
Facilities
80.00
Miscellaneous
85.00
TOTAL
365.00
CERTIFICATE IN ESTATE AGENCY
FULL TIME
PART TIME
FEE
EVERY SEMESTER
FEE
ONE TIME PAYMENT
Studies
RM 200.00
Course Registration
RM 45.00
Facilities
RM 80.00
Studies
RM 8,700.00
Miscellaneous
RM 85.00
TOTAL
RM 8,745.00
TOTAL
RM 365.00
JUMLAH
RM 8,745.00
FACILITIES OFFERED
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
INSTITUT PENILAIAN NEGARA
INSTITUT PENILAIAN NEGARA
WORKING?
PRIVATE
GOVERNMENT
PRIVATE VALUER FIRM
PRIVATE PROPERTY MANAGEMENT FIRM
PROPERTY DEVELOPER
CEA GRADUATES DESTINATION
VALUATION & PROPERTY SERVICES DEPT
LOCAL AUTHORITIES COUNCIL
OTHER DEPARTMENTS & AGENCIES
EDUCATION?
DIPLOMA
BACHELOR’S DEGREE
UNIVERSITI TEKNOLOGI MARA
UNIVERSITI TEKNOLOGI MALAYSI A
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
NATIONAL INSTITUTE OF VALUATION
VALUATION AND PROPERTY SERVICES DEPARTMENT
MINISTRY OF FINANCE MALAYSIA
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