FIG Commission 9
- Valuation and the Management of Real Estate
Work Plan 1999-2002
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.
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.
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.
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[at]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[at]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 whr[at]dial.pipex.com 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[at]nre.vic.gov.au Tel
+ 61 3 9603 8118 Fax + 61 3 9603 8130
Working Group 9.4
Chair Mr David Millard
GMAC Commercial Mortgate Co.
550 California Street, 12th Floor
San Francisco
CA 94104
USA
Tel. + 1 415 391 6155
Fax + 1 415 391 2749
E-mail:
Joint Commission 2 and 9 Working Group
Prof. Kauko Viitanen
Helsinki University of Technology
Real Estate Studies
P.O. Box 1200
02015 HUT
Finland
E-mail: kauko.viitanen[at]hut.fi
Tel. + 358 9 451 3870
Fax + 358 9 465 077
G Michael
Yovino-Young, Chairperson of Commission 9