Ideal specification for BCom (VPM)
The Ideal Specification takes into account the needs of the property industry for a comprehensive, credible and well-rounded urban programme. This is the programme likely to be taken by the vast majority of property students and provides access to the greatest degree of property industry accreditation and thus career choice.
The recommended sequencing of courses also retains flexibility for as long as possible and provides optimum recommended preparation structure. If students are unsure of their course choices, it is recommended they use the ideal specification below in the first instance.
On completion of the Ideal Specification and BCom(VPM), a student will have met the current educational requirements of the Property Institute of New Zealand (PINZ), the New Zealand Institute of Valuers (NZIV), the Valuers Registration Board (VRB) and the Real Estate Agents Authority (REAA). Students may be able to complete a degree lying between the minimum specification and the ideal specification, however this may not meet professional accreditation requirements. To obtain a degree in such a case, course advice must be sought.
| Ideal specification and sequencing (also see Important Notes at the end): |
| All courses are the equivalent of 15 credits unless otherwise stated. |
| Code |
Name |
Prereq. |
Restrict. |
Prep. |
Sem. |
Block |
| Year one |
| Semester 1 |
| ACCT 103 |
Financial Information for Business * |
|
ACCT 102, FINC 106 |
|
1 |
5 |
| COMP 101 |
Computing * |
|
|
|
1 |
3 |
| LWST 101 |
Introduction to the Legal Environment of Business * |
|
LWST 102, 202 |
|
1 |
4 |
| QMET 103 |
Statistics * |
|
QMET 106 |
|
1 |
6 |
| Semester 2 |
| ECON 110 |
Introduction to Applied Economics * |
|
ECON 101, 102, 105 |
|
2 |
1 |
| VAPM 101 |
Introduction to Property |
|
|
|
2 |
3 |
| ENGN 105 |
Building Construction |
|
|
|
2 |
7 |
| Elective |
Recommended COMP 203 (Block 6) |
| Year two |
| Semester 1 |
| ECON 211 |
Land Economics |
One of ECON 101, ECON 105 or ECON 110 |
|
Five 100 level courses |
1 |
4 |
| FINC 204 |
Financial Management |
Either ACCT 102 or 103 |
FIAC 204 |
QMET 103 |
1 |
3 |
| VAPM 201 |
Principles of Urban Property Management |
Four 100 level courses or VAPM 101 |
|
VAPM 101 |
1 |
7 |
| VAPM 207 |
Principles of Valuation |
VAPM 101 |
VAPM 202, VAPM 203 |
|
1 |
5 |
| Semester 2 |
| ENGN 232 |
Building Facilities Management |
ENGN 105 |
ENGN 229 |
|
2 |
3 |
| LWST 203 |
Property Law |
Five 100 level courses |
LWST 303 |
|
2 |
5 |
| VAPM 310 |
Valuation of Investment Property |
VAPM 207, FINC 204 |
VAPM 204 |
VAPM 201 |
2 |
2 |
| Elective |
Recommended either FINC 211 (Block 1), SOCI 214 (Block 1) or VAPM 205 (Block 9) |
| Year three |
| Semester 1 |
| LWST 302 |
Resource Management Law |
Four 200 level courses |
|
LWST 101 or 102, SOCI 207 |
1 |
8 |
| VAPM 308 |
Property Analytical Methods |
VAPM 201 and 207 |
VAPM 302 |
VAPM 101, 201, 207, ECON 211 |
1 |
2 |
| VAPM 313 |
Property and Facilities Management |
VAPM 201 and ENGN 232 |
|
VAPM 101, 207 |
1 |
5 |
| Elective |
|
|
|
|
|
|
| Semester 2 |
| VAPM 309 |
Property Investment and Portfolio Analysis |
VAPM 201 and 207 |
VAPM 301 |
FINC 211, VAPM 308, 310 |
2 |
6 |
| VAPM 311 |
Urban Valuation |
VAPM 207 |
VAPM 305, 306 |
VAPM 308 and 310 |
2 |
1 |
| VAPM 314 |
Property Development |
VAPM 101 and five 200 level courses |
|
VAPM 308 and 310 |
2 |
8 |
| Elective |
Recommended VAPM 205 (Block 9) |
* Additional timetable opportunities exist for these subjects. However, should any variation to the above Ideal Specification be required, then course advice is essential.
Important notes
The minimum degree specification is identified by the courses in bold.
- To obtain a degree you must complete the minimum specification plus two of either: VAPM 309, VAPM 311 or VAPM 314 plus one 300 level paper from the BCom schedule.
- For a major in Urban Valuation, you must complete VAPM 309 and VAPM 311.
- For a major in Property Management, you must complete two of either VAPM 309, VAPM 313 or VAPM 314.
If you think you may seek professional registration or may require professional accreditation, you must have your course of study approved.