Preparatory Course For the CIS ImmoZert and Court Expert Examination

The preparatory course for the CIS ImmoZert and court expert examination at the FH Kufstein Tirol offers high-quality further training in real estate valuation in one semester and provides optimal preparation for the expert examination.

Location:

Kufstein
Duration:

1 Semester
Language:
100% German
Academic Program:

Part-time
Certificate:

Certified real estate appraiser” with 10 ECTS points
Price:
Euro 3.670,-
Start:

Friday, October 10, 2025

Course with creditable micro-credentials (MC)

PROFILE OF THE COURSE

The preparatory course for the CIS ImmoZert and court expert examination is a joint cooperation between the Business School of the FH Kufstein Tirol and the Austrian Real Estate Association (ÖVI). In one semester, the course offers high-quality further training and prepares students for the CIS ImmoZert and court expert examination. Participants can take an additional final exam to earn a certificate with 10 ECTS credits, which can be credited towards further studies at universities and colleges.

Dates & Speakers 2025

FINAL WRITTEN EXAMINATIONS

Questions on the subject area from the main modules:

Basic real estate knowledge (areas, tenancy law, construction technology, etc.)
Real estate valuation (valuation examples, process engineering, etc.)

EXAMINATION CONSTRUCTION

Knowledge questions: General questions on real estate knowledge and real estate valuation
Case study: Transfer questions in the form of valuation examples
Transfer questions: Specific questions on real estate science topics, e.g. written discussion and interpretation of scientific results

Participants have 120 minutes to complete the exam.

The examination board is made up of 2 specialists and the academic director of the certificate course or their deputy.

Repeat date: free of charge

The dates will be announced by us in good time.
If a further examination date is required, EUR 300 will be charged again.

Benefits

In-depth knowledge of real estate valuation with a focus on western Austria (Salzburg, Tyrol, Vorarlberg)
Optimal preparation for the CIS ImmoZert and court expert examination
ECTS points can be credited for further studies
Networking in the industry
Insight into research in the real estate industry
Specialist knowledge imparted by experts in the industry (including authors of standard works on Austrian valuation theory)

Benefits for your Company

High-quality trained employees
Enhancement through academic training with recognized status
Best industry knowledge due to high practical relevance
Certification as a quality feature of internal training

Program

LEARNING CONTENT

Basics of real estate valuation (procedure for the preparation of an expert opinion)

Value terms and value definitions
Legal basis
Property Valuation Act, Austrian standards, Real Estate Investment Fund Act
Structure of an appraisal
Definition of the assignment, principles and documents, explanations of the valuation methodology and the contents of an appraisal
National valuation methods/overview
Research and documentation

Financial math basics

Concepts of financial mathematics (present value, terminal value, compounding, discounting, annuities in advance and in arrears)
Calculation of interest and compound interest
Annuity calculation
Static and dynamic investment calculation methods
Practical application examples

Plan reading and planning sequences

Plan symbols, plan types,
building data modeling (BIM)
Scheduling Construction and equipment descriptions

Requirements for components, damage patterns

Electrical installations, heating and cooling systems
Walls - ceilings - roofs - windows - outdoor facilities

Research on the property (real estate, land register and cadastre)

The property as the central point of reference for the valuation. Obtaining information from the land register, cadastre, subdivision plan, zoning plans, development regulations, building site, development, assignments, submission plans

Comparative value method

Process, influencing factors in detail: number, timeliness and quality of comparative values, premiums and discounts
Practical examples of valuation

The expert in court (incl. GEBAG)

Function and tasks of the court-certified expert
Fee Claims Act

WE justification and utility value report

Definition of usable value, properties suitable for condominium ownership, accessories, calculation of usable space and usable value, recommendations for additions and deductions in usable value appraisals
Selected examples

Contaminated properties

Suspected sites and contaminated sites
Registration procedure
Special features in the valuation of contaminated properties
Mercantile reduction in value

The property in foreclosure and insolvency

Procedures in foreclosure and insolvency proceedings
Tasks of the expert

Material value method and area definitions

Process and influencing factors in detail: New construction costs, age value reduction, outdoor facilities, land value, development discount
Valuation examples from practice

Income capitalization approach I + II

Procedure of the method
Influencing factors in detail: Sustainable rental income, contractual data, management costs, remaining useful life, capitalization interest rate
Practical examples of valuation
Discounted cash flow method (ÖNORM B 1802-2)
Residual value (ÖNORM B 1802-3)

Assessment of rights and obligations

Servitudes (concept and treatment)
Easements, personal easements
Repurchase, buy-back and pre-emption rights
Superficies and building rights
Fate of the superficies/building rights building on termination
Calculation examples

Real estate valuation for income tax purposes

Determination of the value standards under tax law
Partial value, common value and notional acquisition costs, market value in accordance with the Reorganization Tax Act/the Real Estate Valuation Act
Partial value depreciation, fixed assets/current assets
Valuation methods in tax law
Purchase price allocation of land and property
Useful life appraisal

Target Group

This program provides customized training for:

Employees in real estate valuation at real estate trustees, credit institutions, real estate corporations and real estate funds, authorities involved in real estate transactions, insurance companies, etc.
Anyone working in the real estate industry who wants to gain further qualifications and is seeking CIS ImmoZert certification for court experts.

Prerequisites

Basic knowledge of the real estate industry is a prerequisite for the course. However, specific in-depth knowledge of real estate valuation is not a prerequisite. The admission requirement for participation in the course is either at least three years of professional experience as a real estate trustee or specialist work in a real estate trustee company and corresponding knowledge of housing law. In addition, proof in the form of a certificate of employment or confirmation from the employer or the completion of a relevant, real estate-specific degree course at a university.