Valuation Officers - Occupations - VTC Occupation Dictionary

Descriptions & Duties

Valuation Officers appraise and estimate the value of goods, including land and the buildings on the land usually before they are sold, mortgaged, taxed, insured, or developed. They inspect items or property to evaluate condition, size and construction. They also prepare reports that estimate value, and outlining the estimation factors and methods used.

Generic Competencies

Physical abilities

Technology
skills

Cognitive
abilities

Comprehension and expression

Social skills

Organisation and execution skills

Problem
solving skills

Management
skills

Physical Abilities

Physical abilities

Physical strength
Eye hand coordination / precision / dexterity

Importance:1 (Max:5)

Skill is rarely required

Technology Skills

Technology skills

Computer literacy
Application of technology

Importance:3 (Max:5)

Skill is basically required

Cognitive Abilities

Cognitive abilities

Creativity
Visualisation
Logical thinking

Importance:3 (Max:5)

Skill is basically required

Comprehension And Expression

Comprehension and expression skills

Reading comprehension
Oral / written expression

Importance:4 (Max:5)

Skill is frequently required

Social Skills

Social skills

Communication
Negotiation
Persuasion

Importance:3 (Max:5)

Skill is basically required

Organisation And Execution Skills

Organisation and execution skills

Planning
Organising
Judgement
Decision making

Importance:4 (Max:5)

Skill is frequently required

Problem Solving Skills

Problem solving skills

Ability to solve simple and complex problems effectively and efficiently

Importance:5 (Max:5)

Skill is required all the time

Management Skills

Management skills

Leadership
Management of finance / time / people / other resources

Importance:4 (Max:5)

Skill is frequently required

Trade Specific Competencies

Analytical skills for valuation and estimation

Valuation Officers work on many different sources of data to value an item or a property. As a result, they must be able to research and analyse all the collected data before they can estimate the most appropriate value and produce the final written report.

Math skills

When analysing real estate data, such as calculating square footage of land and building space, Valuation Officers require workers to have good math skills.

General Requirements

Academic qualification

A higher diploma or an associate degree in real estate/ estate management/ surveying/ finance or relevant discipline, or equivalent

Professional qualification

Professional qualification in general practice surveying gained from a recognised professional body, e.g. The Hong Kong Institute of Surveyors (HKIS)/ Royal Institution of Chartered Surveyors (RICS) is preferable

Experience