Course: Realty Trading and Realty Market

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Course title Realty Trading and Realty Market
Course code KKM/RCTN
Organizational form of instruction Lecture + Lesson
Level of course Bachelor
Year of study not specified
Semester Summer
Number of ECTS credits 6
Language of instruction Czech
Status of course Compulsory
Form of instruction Face-to-face
Work placements This is not an internship
Recommended optional programme components None
Lecturer(s)
  • Pěkná Denisa, Ing. Ph.D.
Course content
Program of lectures: 1. Introduction to Valuation - Terminology 2. Generally about valuation methods 3. Valuation by the usual price - the comparative method 4. Valuation in different market segments 5. Real estate activity 6. Developer activity 7. Auctions 8. Real estate financing 9. Insolvency proceedings and execution 10. Taxes and fees related to immovable property Exercise Program: 1. Introduction to the work of an expert and an appraiser 2. Local real estate valuation survey 3. Work with the information needed for the valuation 3. Direct direct comparison method - a practical example 4. Indirect Method Valuation - Practical Example 5. Prize-winning methods 6. Calculation of taxes and fees 7 - 10 - discussions with external experts - insolvency management, real estate brokers, financial advisers, auctioneers, and so on.

Learning activities and teaching methods
Monologic (reading, lecture, briefing), Dialogic (discussion, interview, brainstorming)
  • Preparation for classes - 10 hours per semester
  • Semestral paper - 12 hours per semester
  • Preparation for exam - 10 hours per semester
Learning outcomes
This subjekt is presenting real estate market from many views. Practical part is concerning on real estate appraisal. Theoretical part presents law, taxes, riscs, funding, administration and work of real estate agents. Learning outcomes of the course unit The aim of the subject is to acquaint the students with real estate market, economic and legal issues related to business in this field. Valuation of pricing is a precursor to a general introduction to valuation, which attempts to explain the individual details of terminology and generally to apply valuation principles. The lectures are devoted mainly to valuation theory, but with an emphasis on a practical utility because it is assumed that bachelor students will work in the fields where these skills are used. A large part of the lectures are devoted to valuation strategies in different segments of the real estate market. Another part of the course is devoted to related fields in which real estate valuation plays an important role in insolvency proceedings, executions, auctions, real estate brokerage or developer work. In exercises students have the opportunity to try practical examples of valuation. They are acquainted in detail with the work of an expert in all parts of his work of identifying property, local investigation and focus of real estate, searching for comparative real estate and price calculation. In exercises students are allowed to use valuation software. Very popular among students is discussion with practitioners. Learning outcomes of the course unit The aim of the course is to acquaint students with the problems to the extent that they can use the acquired knowledge in practice. For the purpose of working in the real estate office, students obtain information on determining market prices, factors that influence the market price, valuation needs in the sales process, can calculate the tax burden for the sale of real estate and are also acquainted with the process of realtor operations. For the sale of real estate they are acquainted with the organization of real estate auction and the requirements imposed by the auction decree. For the practice of land improvement designers, the interpretation focuses on the valuation of plots and their parts, which can often be permanent crops.
This course is presenting work of real estate agents, apparisal specialist or civil service asministration.
Prerequisites
Basic knowledge of law, economics, planning and constructions.

Assessment methods and criteria
Written examination

Seminar work A written test
Recommended literature
  • Vyhláška Ministerstva financí České republiky č. 441/2013 Sb., v aktuálním znění.
  • Zákon 151/1997 sb. v aktuálním znění.
  • Albert Bradáč. Teorie a praxe oceňování nemovitých věcí. Brno, 2016.
  • the International Valuatin Standards Comitee. International Valuation Standards. London, 2003.
  • Zbyněk Zazvonil. Odhad hodnoty pozemků. 2007.
  • Zbyněk Zazvonil. Porovnávací hodnota nemovitostí. 2006.


Study plans that include the course
Faculty Study plan (Version) Category of Branch/Specialization Recommended year of study Recommended semester
Faculty: Faculty of Agriculture Study plan (Version): Land Adjustment and Real Estate Trade (2010) Category: Agriculture and forestry 3 Recommended year of study:3, Recommended semester: Summer