One of the objectives of WAVO is to promote and disseminate knowledge of the valuation methods, techniques and practices. Towards this end, WAVO intends to organise a number of short courses relevant to the valuation profession. These courses may be conducted at different levels of competency, and may cover topical issues, with specific local or international content. Short courses refer to those conducted over a period of not more than 4 full weeks.
Guideline for Trainers or Training Organisations Introduction
The purpose of this Guideline is to describe the training requirements expected of potential trainers or training organisations that intend to offer suitable training opportunities for members of WAVO organisations. In particular, it highlights the procedure for submitting their applications for consideration by the WAVO Education Committee, and other details concerning copyrights to course materials, profits distribution, and course marketing.
Content of Submission
Any potential trainers or training organisations may submit their applications for consideration by the WAVO Education Committee at any time. The content of the submission should include the following :
- Title of Course
- Duration of Course
- Preferred Date (if any)
- Outline of Course (main topics to be covered)
- Level of Competency
- Any pre-requisite requirements for attendance
- Venue of Course to be conducted
- Proposed Course fees
- Background of Trainer or Training Organisation
Explanation
| Title of Course | : | this is self-explanatory eg Fundamentals of Property Valuation, Principal Methods of Valuation, An Appreciation of International Valuation Standards etc. |
| Duration of Course | : | please state the hours required or in terms of blocks of time, that is, morning or afternoon eg Three full days (morning and afternoon), Half day (one afternoon), 30 hours (excluding breaks) etc. |
| Preferred Date (if any) | : | please state the preferred timing for the conduct of the course eg mid-March, June, end of December etc. |
| Outline of Course | : | please give an outline of the course, say about a paragraph of 5 to 7 lines including the main topics to be covered. |
| Level of Competency | : | please state whether the course will be conducted at the elementary (for novice), intermediate (for newly trained valuers) or advanced level (for those valuers with at least five years of experience). |
| Any pre-requisite requirements for attendance | : | please state whether any prior knowledge of the subject is required eg whether the participants are required to have some appreciation of say valuation knowledge before attending the course on Methods of Valuation. |
| Venue of Course to be conducted | : | where the course is to be conducted eg the location of the trainers or training organisations or whether it can be held overseas at the location of the requester for training. |
| Proposed Course Fees | : | this should be stated in US dollars (or equivalent). The amount can be stated in terms of US$ per person or in terms of a lump sum (please state the minimum number of participants required). |
| Background of Trainer or Training Organisation | : | a brief background (or CV) of the trainer or an appointed trainer of the training organisation offering the course is to be provided with information on email address and telephone or fax number |
In addition to the above information to be supplied, all applications must be accompanied with a sample of the course materials (not the whole course but a sufficient description of a particular section or a topic of the course). The purpose is to enable the WAVO Education Committee to assess the content and relevance of the course. The decision of the Committee is final and will be conveyed to the applicants within 3 months of receipt of an application with complete details.
Copyrights of Course Materials
The copyrights to the training course materials will determine the amount of commission fees payable to WAVO. If the copyrights remain with the trainer or training organisation, a higher fee will be payable to WAVO. Should the trainers or training organisations wish to let WAVO have copyrights to the course materials, WAVO will agree to allow the trainer or training organisation an exclusive right to conduct the training courses for a period of three years subject to a review of performance. WAVO will have the rights to assign other trainers, if required, after the three years have expired. WAVO may, of, course continue with the original trainer. Trainers who conduct courses on behalf of WAVO will be paid a remuneration to be worked out between the trainer and WAVO.
Profits Distribution
WAVO will charge a minimum US$100 for administrative fee for each successful application. Payment should be made before the approved Course will be marketed by WAVO and placed on its website. WAVO will update its website with details of the courses at every quarter.
WAVO will share 20% of the total gross profits of each course conducted if the copyrights of the course materials remain with the trainers or training organisations. In the case when the copyrights to the course materials are given to WAVO, WAVO will share only 5% of the total gross profits of each course conducted during the first three years. All course fees are to be made payable to WAVO which will in turn remit the balance to the trainers or training organisations.
Marketing and Preparation of Courses
All approved Courses will be marketed by WAVO through its network and website. All enquiries will be directed to WAVO which will liaise with the trainers or training organisations should a confirmed request is made.
The course materials will be printed and paid for by the trainer or training organisation subject to the condition that the front cover of the course materials should be as prescribed by WAVO (a copy can be obtained from WAVO upon approval). A copy of the course materials should be lodged with WAVO for retention. Alternatively, WAVO can print the course materials and charge it to the trainer or training organisation (prior arrangement has to be made).
For courses which are conducted overseas, prior arrangement will have to be made between the trainer or training organisation and the requester for the training. WAVO will not be involved with details of the flight and accommodation arrangements provided they are reasonable.
Conclusion
The purpose of this guideline is facilitate the preparation of training courses for member organisations of WAVO as well as those who are presently not qualified to join WAVO as full members because of the lack of adequate qualification and skills in valuation. These persons may have varied degree of expertise and knowledge of valuation.
It is hoped that this guideline will encourage qualified trainers and training organisations to submit their courses for endorsement by WAVO. The WAVO Education Committee hopes to endorse at least 20 such courses each year. In order to encourage the submission of courses, the administrative fee will be reduced to US$25 if the successful application is made before 31 December each year.
For courses which are conducted overseas, prior arrangement will have to be made between the trainer or training organisation and the requester for the training. WAVO will not be involved with details of the flight and accommodation arrangements provided they are reasonable.
For further information and clarification of the scheme, please contact :
Dr Lim Lan Yuan
Email: limkly@singnet.com.sg
The purpose of this Guideline is to describe the training requirements expected of potential trainers or training organisations that intend to offer suitable training opportunities for members of WAVO organisations. In particular, it highlights the procedure for submitting their applications for consideration by the WAVO Education Committee, and other details concerning copyrights to course materials, profits distribution, and course marketing.
Content of Submission
Any potential trainers or training organisations may submit their applications for consideration by the WAVO Education Committee at any time. The content of the submission should include the following :
- Title of Course
- Duration of Course
- Preferred Date (if any)
- Outline of Course (main topics to be covered)
- Level of Competency
- Any pre-requisite requirements for attendance
- Venue of Course to be conducted
- Proposed Course fees
- Background of Trainer or Training Organisation
Explanation
| Title of Course | : | this is self-explanatory eg Fundamentals of Property Valuation, Principal Methods of Valuation, An Appreciation of International Valuation Standards etc. |
| Duration of Course | : | please state the hours required or in terms of blocks of time, that is, morning or afternoon eg Three full days (morning and afternoon), Half day (one afternoon), 30 hours (excluding breaks) etc. |
| Preferred Date (if any) | : | please state the preferred timing for the conduct of the course eg mid-March, June, end of December etc. |
| Outline of Course | : | please give an outline of the course, say about a paragraph of 5 to 7 lines including the main topics to be covered. |
| Level of Competency | : | please state whether the course will be conducted at the elementary (for novice), intermediate (for newly trained valuers) or advanced level (for those valuers with at least five years of experience). |
| Any pre-requisite requirements for attendance | : | please state whether any prior knowledge of the subject is required eg whether the participants are required to have some appreciation of say valuation knowledge before attending the course on Methods of Valuation. |
| Venue of Course to be conducted | : | where the course is to be conducted eg the location of the trainers or training organisations or whether it can be held overseas at the location of the requester for training. |
| Proposed Course Fees | : | this should be stated in US dollars (or equivalent). The amount can be stated in terms of US$ per person or in terms of a lump sum (please state the minimum number of participants required). |
| Background of Trainer or Training Organisation | : | a brief background (or CV) of the trainer or an appointed trainer of the training organisation offering the course is to be provided with information on email address and telephone or fax number |
In addition to the above information to be supplied, all applications must be accompanied with a sample of the course materials (not the whole course but a sufficient description of a particular section or a topic of the course). The purpose is to enable the WAVO Education Committee to assess the content and relevance of the course. The decision of the Committee is final and will be conveyed to the applicants within 3 months of receipt of an application with complete details.
Copyrights of Course Materials
The copyrights to the training course materials will determine the amount of commission fees payable to WAVO. If the copyrights remain with the trainer or training organisation, a higher fee will be payable to WAVO. Should the trainers or training organisations wish to let WAVO have copyrights to the course materials, WAVO will agree to allow the trainer or training organisation an exclusive right to conduct the training courses for a period of three years subject to a review of performance. WAVO will have the rights to assign other trainers, if required, after the three years have expired. WAVO may, of, course continue with the original trainer. Trainers who conduct courses on behalf of WAVO will be paid a remuneration to be worked out between the trainer and WAVO.
Profits Distribution
WAVO will charge a minimum US$100 for administrative fee for each successful application. Payment should be made before the approved Course will be marketed by WAVO and placed on its website. WAVO will update its website with details of the courses at every quarter.
WAVO will share 20% of the total gross profits of each course conducted if the copyrights of the course materials remain with the trainers or training organisations. In the case when the copyrights to the course materials are given to WAVO, WAVO will share only 5% of the total gross profits of each course conducted during the first three years. All course fees are to be made payable to WAVO which will in turn remit the balance to the trainers or training organisations.
Marketing and Preparation of Courses
All approved Courses will be marketed by WAVO through its network and website. All enquiries will be directed to WAVO which will liaise with the trainers or training organisations should a confirmed request is made.
The course materials will be printed and paid for by the trainer or training organisation subject to the condition that the front cover of the course materials should be as prescribed by WAVO (a copy can be obtained from WAVO upon approval). A copy of the course materials should be lodged with WAVO for retention. Alternatively, WAVO can print the course materials and charge it to the trainer or training organisation (prior arrangement has to be made).
For courses which are conducted overseas, prior arrangement will have to be made between the trainer or training organisation and the requester for the training. WAVO will not be involved with details of the flight and accommodation arrangements provided they are reasonable.
Conclusion
The purpose of this guideline is facilitate the preparation of training courses for member organisations of WAVO as well as those who are presently not qualified to join WAVO as full members because of the lack of adequate qualification and skills in valuation. These persons may have varied degree of expertise and knowledge of valuation.
It is hoped that this guideline will encourage qualified trainers and training organisations to submit their courses for endorsement by WAVO. The WAVO Education Committee hopes to endorse at least 20 such courses each year. In order to encourage the submission of courses, the administrative fee will be reduced to US$25 if the successful application is made before 31 December each year.
For courses which are conducted overseas, prior arrangement will have to be made between the trainer or training organisation and the requester for the training. WAVO will not be involved with details of the flight and accommodation arrangements provided they are reasonable.
For further information and clarification of the scheme, please contact :
Dr Lim Lan Yuan
Email: limkly@singnet.com.sg
