Practical Valuation Training (PVT)
The new PVT Program is more comprehensive, and this is a deliberate change to ensure all applicants for RPV or CPV are well prepared for transition from student to a professional Valuer.
Completion Requirements
The number of PVT modules required to be completed are determined by the membership level being applied for. In certain instances, additional valuation experience may reduce the number of modules required.
- RPV applicants must complete 16 compulsory modules.
- CPV applicants must complete 22 modules consisting of 20 compulsory modules and 2 elective modules.
- All applicants must then complete the Admissions Module prior to submitting their application.
Please select the membership level below for more information on the requirements:
Compulsory Modules:
(The modules can be purchased from your learning portal. Please contact education.api.org.au if you prefer to purchase this as a whole program.)
- API Ethics
- API Complaints and Discipline
- Introduction to Professional Standards
- International Valuation Standards
- Fundamentals of Risk Management
- Risk Management Module
- Data Collection
- Financial Data Interpretation and Reporting
- Financial Modelling to Assist Valuation Methodologies
- Communication in the Workplace
- Introduction to Professional Networking
- Report Writing Fundamentals
- Approaches to Insurance Assessments
- Compulsory Acquisition Fundamentals
- Recording and Measurement
- Residential Building Inspection
*Exceptions
Candidates with over five years of full-time valuation experience are required to complete the following modules only. Please upload your curriculum vitae outlining your experience while submitting your application.
- API Ethics
- API Complaints and Discipline
- Introduction to Professional Standards
- International Valuation Standards
- Fundamentals of Risk Management
- Risk Management Module
- Financial Data Interpretation and Reporting
- Recording and Measurement
Please note: Anyone conducting residential mortgage valuations utilising PropertyPRO, must complete the current Australian Banking and Finance Industry Residential Valuation Standing Instructions Module. This must be completed prior to commencing work but is not a requirement of your API membership application.
(The modules can be purchased from your learning portal. Please contact education@api.org.au if you prefer to purchase this as a whole program.)
- API Ethics
- API Complaints and Discipline
- Introduction to Professional Standards
- International Valuation Standards
- Fundamentals of Risk Management
- Risk Management Module
- Data Collection
- Financial Data Interpretation and Reporting
- Financial Modelling to Assist Valuation Methodologies
- Communication in the Workplace
- Professional Networking
- Technology and Innovation in the Workplace
- Leasing Essentials
- Due Diligence Concepts
- Land Use Planning and Development
- Report Writing Fundamentals
- Approaches to Insurance Assessments
- Compulsory Acquisition Fundamentals
- Recording and Measurement
- Residential Building Inspection
Electives (any 2)
- Fundamentals of Commercial Valuation
- High Value Residential Valuation
- GST for Property Transactions
*Exceptions
Candidates with over five years of full-time valuation experience are required to complete the following modules only. Please upload your curriculum vitae outlining your experience while submitting your application.
- API Ethics
- API Complaints and Discipline
- Introduction to Professional Standards
- International Valuation Standards
- Fundamentals of Risk Management
- Risk Management Module
- Financial Data Interpretation
- Recording and Measurement
- Due Diligence Concepts
- Approaches to Insurance Assessments
Electives (any 2)
- Fundamentals of Commercial Valuation
- High Value Residential Valuation
- GST for Property Transactions
Please note: Anyone conducting residential mortgage valuations utilising PropertyPRO, must complete the current Australian Banking and Finance Industry Residential Valuation Standing Instructions Module. This must be completed prior to commencing work but is not a requirement of your API membership application.
Compulsory Modules
The following modules must be completed by all candidates, irrespective of experience:
- API Ethics
- API Complaints and Discipline
- Introduction to Professional Standards
- International Valuation Standards
- Fundamentals of Risk Management
- Risk Management Module
FPP to PVT – Transition Process
If you purchased the full FPP program prior to 6 December 2020 and complete it prior to 1 June 2021, you only must complete the “National Admissions Process” Module from the new PVT program.
Important dates:
- Last date to purchase all the modules under the existing FPP program: 6 December 2020
- Last date to complete all the modules under the existing FPP program: 1 June 2021
- Last date to complete the application under the existing FPP program: 1 August 2021
If you had completed a few FPP Modules prior, credits will be provided for the modules completed and you will transition to the new PVT program. New modules are easily identified in the transition column below.