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ENT328Management Sciences2 Unitsintermediate

Estate Management

This course provides a comprehensive overview of estate management principles and practices. It covers agency law, urban renewal techniques, property market dynamics, and valuation methods. Students will learn about legal principles, urban development strategies, market analysis, and property appraisal. The course aims to equip students with the knowledge and skills necessary for effective estate management and property valuation in various contexts.

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45h
Study Time
13
Weeks
3h
Per Week
basic
Math Level
Course Keywords
Estate ManagementAgency LawUrban RenewalProperty MarketValuation

Course Overview

Everything you need to know about this course

Course Difficulty

Intermediate Level
Builds on foundational knowledge
65%
intermediate
➕
Math Level
Basic Math
🔬
Learning Type
Hands-on Practice

Course Topics

Key areas covered in this course

1

Agency Law

2

Urban Renewal

3

Property Market

4

Valuation Methods

5

Estate Management

6

Property Law

Total Topics6 topics

Ready to Start

No specific requirements needed

This course is designed to be accessible to all students. You can start immediately without any prior knowledge or specific preparation.

Assessment Methods

How your progress will be evaluated (3 methods)

Assignments

Comprehensive evaluation of course material understanding

Written Assessment

Tutor-Marked Assessments

Comprehensive evaluation of course material understanding

Written Assessment

Final Examination

Comprehensive evaluation of course material understanding

Written Assessment

Career Opportunities

Explore the career paths this course opens up for you

Estate Surveyor

Apply your skills in this growing field

Property Manager

Apply your skills in this growing field

Valuation Surveyor

Apply your skills in this growing field

Real Estate Consultant

Apply your skills in this growing field

Industry Applications

Real-world sectors where you can apply your knowledge

Real Estate DevelopmentProperty ManagementValuation ServicesUrban Planning

Study Schedule Beta

A structured 13-week journey through the course content

Week
1

Module 1: Agency Law

4h

Unit 1: The Concept and Legal Principles

2 study hours
  • •Read the introduction to agency law.
  • •Understand the concept of agency and its legal principles.
  • •Identify the different ways agency can be created.

Unit 2: Authority, Liability and Duties

2 study hours
  • •Examine the authority of an agent to act for the principal.
  • •State the duties of an agent.
  • •Identify the liabilities of parties in an agency relationship.
Week
2

Module 1: Agency Law

4h

Unit 3: Termination

2 study hours
  • •Appreciate the ways of terminating an agency agreement.
  • •Understand the liabilities for terminating an agency agreement unlawfully.
  • •Review examples of agency termination scenarios.

Unit 4: Estate Agency

2 study hours
  • •Explain the meaning of estate agency.
  • •Identify the different types of estate agents.
  • •Discuss the roles and responsibilities of estate agents.
Week
3

Module 2: Principles and Techniques of Urban Renewal

3h

Unit 1: Reasons for Urban Renewal

3 study hours
  • •Highlight the reasons for urban renewal.
  • •Justify the need for making life conducive for inhabitants.
  • •Examine the nature of traditional cities and their impact on urban renewal.
Week
4

Module 2: Principles and Techniques of Urban Renewal

3h

Unit 2: Strategies for Urban Renewal

3 study hours
  • •Examine the different strategies of urban renewal, such as comprehensive redevelopment and rehabilitation.
  • •Understand the application of each strategy based on socio-economic characteristics.
  • •Discuss the advantages and disadvantages of each strategy.
Week
5

Module 2: Principles and Techniques of Urban Renewal

3h

Unit 3: Urban Renewal Process

3 study hours
  • •Examine the urban renewal process, including planning and approval stages.
  • •Consider the execution process of redevelopment schemes.
  • •Identify the problems associated with relocation in urban renewal schemes.
Week
6

Module 2: Principles and Techniques of Urban Renewal

3h

Unit 4: Alternative Approaches of Slum Eradication

3 study hours
  • •Examine alternative approaches to slum eradication, such as community self-help and urban reform.
  • •Review the achievements of these approaches in fulfilling expected results.
  • •Compare and contrast different approaches to slum eradication.
Week
7

Module 3: Property Market

3h

Unit 1: Sources of information on property

3 study hours
  • •Explain property market terminology.
  • •Examine sources of information on property, including professional firms and press reports.
  • •Discuss the unique characteristics of the real estate market.
Week
8

Module 3: Property Market

3h

Unit 2: Property Market Organization

3 study hours
  • •Consider the mode of organization of the property market.
  • •Understand the role of valuers in providing services to buyers and sellers.
  • •Discuss the importance of advisory roles and negotiation skills.
Week
9

Module 3: Property Market

3h

Unit 3: Major Players in Property Market

3 study hours
  • •Identify the major players in the property market, such as developers and investors.
  • •Understand the roles of estate surveyors, valuers, and lawyers.
  • •Discuss the impact of each player on the market.
Week
10

Module 3: Property Market

3h

Unit 4: Commodity in the Property Market

3 study hours
  • •Highlight the classification of the property market based on use and purpose.
  • •Understand the different sectors, including residential, commercial, and industrial.
  • •Discuss the factors influencing property market classification.
Week
11

Module 4: Valuation

3h

Unit 1: The Estate Surveyor and Valuer

3 study hours
  • •Examine the functions of an estate surveyor and valuer.
  • •Understand the professional activities related to real estate acquisition and management.
  • •Discuss the role of valuers in property valuation and marketing.
Week
12

Module 4: Valuation

3h

Unit 2: Basis and Purpose of Valuation

3 study hours
  • •Examine the basis of valuation, including market value and equivalent reinstatement.
  • •Consider the purposes of valuation, such as sales, taxation, and insurance.
  • •Understand the relationship between the basis and purpose of valuation.
Week
13

Module 4: Valuation

3h

Unit 3: Methods of Valuation

3 study hours
  • •Examine the different methods of valuation, including comparative, investment, and contractor's methods.
  • •Understand the appropriateness of each method for valuation.
  • •Discuss the application of each method in different scenarios.

This study schedule is in beta and may not be accurate. Please use it as a guide and consult the course outline for the most accurate information.

Course PDF Material

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Study Tips & Exam Preparation

Expert tips to help you succeed in this course

1

Review all units in Module 1, focusing on the creation and termination of agency relationships.

2

Create diagrams outlining the urban renewal process from Module 2, Units 1-3.

3

Practice applying different valuation methods (Module 4, Unit 3) to sample property scenarios.

4

Study the roles of major players in the property market (Module 3, Unit 3) and their interactions.

5

Review key legal principles related to property ownership and transactions from Module 1.

6

Solve all Tutor Marked Assignments (TMAs) to reinforce understanding of key concepts.

7

Allocate study time evenly across all modules, with extra focus on challenging units identified in the course.

8

Create flashcards for key terms and definitions to aid memorization.

9

Practice writing valuation reports (Module 4, Unit 4) based on sample property data.

10

Attend online revision sessions to clarify doubts and review important topics.

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