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NAJ launches new practical valuation qualification

13 Aug 2020

FoAP

The ATHE Level 3 JET Certificate in the Foundations of Appraisal Practice (FoAP) qualification teaches the basic theories, methodologies and good working practices needed to become a competent valuer.

Superseding the existing Certificate of Appraisal Theory, one of the most significant additions to the course is a three-day practical workshop, to enable students to get hands-on and apply their new knowledge.

View Course 

With the first intake starting in September, Marie Garnett Head of Education said,

“Being able to publish the qualification to the trade, with the external awarding body ATHE in place is a fantastic feeling. A small group of Fellows of the Institute of Registered Valuers have worked on this programme to make it the best it possibly can be, and we’re delighted to be presenting it to the trade now.

“We’ve kept in place the same modular structure, and the content still covers different valuation approaches, market levels and analysing prices to determine value, but the practical element really makes this qualification more rounded allowing the learner to really apply their knowledge.”

FoAP is the first NAJ qualification to be brought onto the Regulated Qualifications Framework (RQF), which ensures that student’s learning is of the highest possible standard. Registered as a level 3 (the level of ‘stretch and challenge’ the qualification demands), FoAP has been reviewed to have a similar level of challenge to an ‘A’ Level.

Another significant benefit for learners taking the qualification is a free membership to the Institute of Registered Valuers (IRV) as a student, bringing with it access to:

  • An IRV Mentor
  • the NAJ IRV Email Group to share peer support and knowledge
  • IRV resource library on the NAJ website
  • And more benefits such as discounts off products, events and services.

Becoming an IRV

A minimum of three years trade experience is required to take the qualification, and it’s recommended applicants have a gemmological and/or diamond qualification or equivalent experience in place before applying.

Unlike its predecessor CAT, and in line with modern assessment practice, FoAP has no exam. Students are assessed by seven written assignments instead and those who are successful are invited to attend the annual NAJ Education Awards evening at Goldsmiths’ Hall.

Interested parties can register their interest with the Education team, and can also apply for either full or part funding from the NAJ Education Trust or the Benevolent Society.

Register interest

Source: The NAJ