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 the transition from student to professional Valuer.

From January 2021, all candidates seeking to progress to RPV or CPV will have the benefit of 22 new modules with contemporary content, written by experts in the field. The PVT modules will be enrolled as one course and then candidates are free to progress through the modules in a pre-set order. This will provide improved educational support to our candidates and better equip them for the practice of valuation.

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:

Provisional Membership with Residential Property Valuer

(The modules can be purchased from your learning portal. Please click here if you prefer to purchase this as a whole program. A discount of 10% applies when you purchase as a program)

Compulsory Modules:

  • API Ethics 
  • API Complaints and Discipline  
  • Introduction to Professional Standards  
  • International Valuation Standards 
  • Fundamentals of Risk Management/Introduction to 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/Introduction to 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.

Associate Membership with Certified Practising Valuer

(The modules can be purchased from your learning portal. Please click here if you prefer to purchase this as a whole program. A discount of 10% applies when you purchase as a program)

  • API Ethics 
  • API Complaints and Discipline  
  • Introduction to Professional Standards  
  • International Valuation Standards 
  • Fundamentals of Risk Management/Introduction to 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 Valuation
  • 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/Introduction to 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. 

Associate Membership with Certified Practising Valuer (Plant and Machinery)

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/Introduction to 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.

FPP to PVT - transition table

Archive: FPP Program

If you have any questions or queries, contact our Education department at education@api.org.au.