This course builds on the Valuation methodologies taught in LM 311. The course is designed to teach students the application of Valuation methodologies to undertake valuations for insurance purposes, large commercial developments, rural valuations, subdivisions, and compulsory acquisitions. The goal is to provide students with the skills needed to carry out valuation exercises in these fields in light of the applicability of different Valuation methodologies, information sources, and ethical practices expected of a property professional, and citing reporting guidelines delineated in the International Valuation Standards (IVS).

The course will also provide an overview of the non-market valuation methods of environmental goods and services for compensation purposes.