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DISCLAIMER: This publication is intended for EDUCATIONAL purposes only. The information contained herein is subject to change with no notice, and while a great deal of care has been taken to provide accurate and current information, UBC, their affiliates, authors, editors and staff (collectively, the "UBC Group") makes no claims, representations, or warranties as to accuracy, completeness, usefulness or adequacy of any of the information contained herein. Under no circumstances shall the UBC Group be liable for any losses or damages whatsoever, whether in contract, tort or otherwise, from the use of, or reliance on, the information contained herein. Further, the general principles and conclusions presented in this text are subject to local, provincial, and federal laws and regulations, court cases, and any revisions of the same. This publication is sold for educational purposes only and is not intended to provide, and does not constitute, legal, accounting, or other professional advice. Professional advice should be consulted regarding every specific circumstance before acting on the information presented in these materials.

© Copyright: 201 by the UBC Real Estate Division, Sauder School of Business, The University of British Columbia. Printed in Canada. ALL RIGHTS RESERVED. No part of this work covered by the copyright hereon may be reproduced, transcribed, modified, distributed, republished, or used in any form or by any means – graphic, electronic, or mechanical, including photocopying, recording, taping, web distribution, or used in any information storage and retrieval system – without the prior written permission of the publisher.

©Copyright 2018 by the UBC Real Estate Division©Copyright 2018 by the UBC Real Estate Division

PROJECTS

©Copyright 2018 by the UBC Real Estate Division

SAGAR GARIKIPATI
©Copyright 2018 by the UBC Real Estate Division

Projects.1

PROJECTS In this course, you will be required to prepare and submit two written project assignments that are intended to synthesize your understanding of the course content. You will be presented with challenging, stimulating, and thought-provoking work that requires you to go beyond the course manual in applying this content in a practical context. These projects are also worth a significant portion of your final course grade.

Aspects of the projects are field assignments designed to give you practical experience in the tasks performed by real estate appraisers. You will, in effect, do what appraisers do in valuing real property.

Expectations for Your Reports In general, your reports are expected to provide the level of detail that the intended reader would require in a practical context. This means that you need to report in a clear manner any informa- tion that will be helpful to the reader in making their decision, for example, deciding whether or not to provide a loan or purchase a property. Therefore, your report must cover all pertinent information, be well-organized, and be professionally presented.

Please keep in mind that the intent of these projects is to simulate the type of report that you would actually deliver to someone in a real-world context. You should assume that your report will be read by someone who has knowledge in general business matters, but has no specific knowledge of real estate practice. You must write your report specifically to address the infor- mation needs of this person so that he or she can understand and apply your work. It is your job to focus the reader and provide him/her with the relevant information needed to make an informed decision, ensuring that the report is neither excessively long, nor too short. As such, brevity would be considered a positive point by the reviewer of your report. You will need to exercise some judgment as to what is and is not relevant and what should be included or omitted. If you are in doubt, you may wish to contact the course tutor or your fellow students on the course discussion forum in order to discuss what they are doing and get their advice.

Finally, students are also reminded that, in addition to a practical demonstration of appraisal and consulting processes, this is also an examination of the underlying theory. You must ensure that you provide sufficient explanations of the processes and procedures in order to demonstrate your knowledge of the material.

Report Specifications Below are some specific guidelines for preparing and submitting your projects:

• font must be of 11 point or larger, 12 point preferred; • preferred line spacing is 1.5 (not required on forms on Project 2); • preferred margins are 1 inch margins, maximum 1.5 inches (not required on forms on

Project 2); • pages must be numbered consecutively in the top right corner or bottom of page, separately

numbered for the report body and appendix; and • all sources of information relied upon in producing your submission should be carefully

documented in a bibliography or list of references (references used should be acknowledged). The suggested pages for each project are specified below. An appendix should provide necessary supporting documentation. Note that these are only rough limits; you should provide all pertinent information, i.e., anything that you used to substantiate your decisions. Note also that a well-written and organized report could require fewer pages.

Project 1 Project 2

Report Appendix Report Appendix

Suggested 10-15 pages 10-15 pages 25-30 pages 15-20 pages

Maximum 25 pages 25 pages 40 pages 30 pages

©Copyright 2018 by the UBC Real Estate Division

Projects.2 Foundations of Real Estate Appraisal

Under no circumstances should you need more than the stated maximum number of pages for your report. If your submission exceeds these limits, EITHER: 1) you will be requested to resubmit within the page length requirements before the project is graded; OR 2) the additional pages will not be read by the marker and marks will be deducted for their inclusion.

Submitting Your Projects The project due dates can be found on the BUSI 330 Course Resources website under Important Dates and Deadlines. Projects must be submitted electronically using Turnitin, a web service that checks for content originality. Turnitin accepts Microsoft Word and PDF formats. Any supplemental files that cannot be inserted into your word processed file must be emailed to your tutor. You can find your assigned course tutor’s email address on the “Tutorial Assistance” webpage. Please include your course name, last name, and student number in the subject line of your email. You can find additional information for project submission under Submit Projects on your Course Resources website.

Project Grading and Return Your tutor will make a concerted effort to return your marked project in a timely fashion. The target turnaround time for marking is one week from the date of receipt. However, please keep in mind that the Real Estate Division’s tutors are generally full-time professionals who do tutoring on a part-time basis, and sometimes business pressures make it difficult to attain this target date (e.g., up to one additional week may be required). The tutors have been instructed to give priority to students who are working on time according to the course schedule. This means that if your project is submitted on time, it will receive top priority. If your project is submitted late, then your project will be marked after those on time are graded and other duties, such as tutoring, are taken care of.

This is particularly important towards the end of the course, when projects and exam preparation require a lot of the tutor’s time. You are best advised to keep to the course schedule and to submit your work on time. All projects submitted on time should be returned before the final exam. Those submitted late may not be returned before the date of the exam.

If you wish to view your project grades on the Assignment History webpage or the project answer guides, Project 1 is listed as “Assignment 12” and Project 2 is listed as “Assignment 13”.

Tips from the Tutor: The Details … Communicating Your Results Effectively

The projects simulate the type of report that you would actually deliver to someone who is paying you to prepare it. You should assume that your report will be read by someone who has some general real estate knowledge, but who does not have your familiarity with real estate valuation. You must write your report specifically to address the information needs of your client.

But also keep in mind that, in addition to a practical demonstration of an appraisal analysis, the projects are also an examination of the underlying theory. You must ensure that you provide sufficient explanation of the process and procedures in order to demonstrate your mastery of the learning objectives.

Ensure that your project is logically organized and presented professionally. There will be marks allocated for presentation. Reports may be failed if spelling or grammatical errors are excessive, or if they are extremely poor in composition. The report must flow logically, whereby the reader is led to the conclusions reached by the student. A demonstration of professional report-writing skills within the context of a structured format is expected.

Also ensure you do not overwhelm your reader with excessive details. The supporting documentation and photographs in the appendices should be limited to that which helps you to build your case regarding the property; i.e., you should not include every single piece of information you find on the property, you have to exercise judgment on what you believe is relevant to the reader of the report. A very well-written and organized report could require significantly less than the maximum number of pages and this brevity would be considered a positive point by the reviewer of your report. If you are in doubt, you may wish to contact the course tutor or your fellow students on the course discussion forum to discuss what they are doing and get their advice.

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