Evaluating the Attitudes of Real Estate Students Toward Property Valuation

Abstract

Property valua on is a capstone course for real estate professionals and an essen al component of core knowledge in real estate educa on. The prominence of real estate in the investment market and informa on asymmetries have created a demand for property valua on all around the world. However, anecdotal evidence suggests that real estate students rarely have posi ve a tudes toward property valua on. This condi on can hinder understanding the contents and acquiring the requisite valua on skills as a tudes are cri cal for learning. It has been contended that developing posi ve a tudes should be the desired course goal. This study employs quan ta ve research designs to evaluate the a tudes of real estate students toward property valua on to determine whether the desired goal has been achieved. A self-administered ques onnaire containing a modified SATS-36 a tudes assessment scale was distributed to all 87 Higher Na onal Diploma (HND) I students a er the first semester's valua on course. The findings suggested that the sampled students' a tudes toward property valua on were not nega ve. The students recognise the importance of property valua on for their careers, are ready to put up the effort to understand and acquire valua on skills, and believe they can learn property valua on. This study recommends that the pilot instrument used in this study be expanded to other polytechnics, universi es, and na ons in order to gather general data that may be used to guide the development of posi ve a tudes.