Trade Organisations

NAJ launches new practical valuation qualification

The NAJ has announced the launch of the ATHE Level 3 JET Certificate in the Foundations of Appraisal Practice (FoAP).

The qualification teaches the basic theories, methodologies and good working practices needed to become a competent valuer.

The qualification will supersede the existing Certificate of Appraisal Theory in a bid to enable students to “get hands-on and apply their new knowledge”.

It will mark the first NAJ qualification to be brought onto the Regulated Qualifications Framework (RQF). 

Registered as a level three, and has been reviewed to have a similar level of challenge to an ‘A’ Level.

According to the NAJ, a “significant” benefit of the qualification is a free membership to the Institute of Registered Valuers (IRV), which will bring access to an IRV Mentor, the NAJ IRV email group, the IRV resource library on the NAJ website and discounts off products, events and services.

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

While there is no exam, students are assessed by seven written assignments, and those who are successful are invited to attend the annual NAJ Education Awards evening at Goldsmiths’ Hall.

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.”

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