A comprehensive handbook on residential valuation which includes coverage of recently revised professional standards, descriptions of current reporting formats, current definitions for industry-specific terms, and more.

The 12th edition of this textbook has been revised and reorganized significantly for greater clarity, coherence and consistency. Coverage includes emerging issues such as the impact of automated valuation models on the appraisal industry; the new emphasis on extraordinary assumptions and hypothetical conditions in recent revisions of standards of professional practice; and important data sources. For both novice appraisers and established practitioners. c. Book News Inc.

Fundamentals of Real Estate Appraisal, 8th Edition contains all the tools you need to understand today's ever-changing appraisal marketplace. The book includes: An Internet Appendix containing Web site addresses useful for all appraisers; Free Appraise-It software for hands- on practice filling out electronic appraisal forms; and over 65 exercises and 15 Achievement exams to test your appraisal knowledge. Pass your exam the first time with this study guide designed specifically for the appraisal licensing exam.

Eundamentals : Real Estate and Value / Inmportance of the Appraisal Process Depreciation / Site Valuation : Theory / Site Valuation : Practice Estimating Improvement Costs / Cost Approach : Application Cost Approach: Summation / Appendix A -- Uniform Residential Appraisal report