Fundamentals of Real Estate Appraisal 12th Edition

Fundamentals of Real Estate Appraisal is a classic text in the field, first published in 1975 and still updated by the original authors. The latest edition of this best-selling text provides a strong foundation for understanding the modern real estate appraisal market. New discussion includes updated Appraiser Qualifications Board Licensing and Certification requirements, building codes, housing styles, orientation, historic district designations, valuation advisories issued by the Appraisal Practices Board, internet resources, cost data, and interest rates. Additionally, this text covers the basic principles and procedures requirements of the Appraiser Qualifications Board. CONTENTS: The Appraisal Profession • Appraisal Math and Statistics • Real Estate and Its Appraisal • Real Estate Transactions • The Real Estate Marketplace • The Appraisal Process • Building Construction and the Environment • Data Collection • Site Valuation • The Cost Approach-Part I: Reproduction/Replacement Cost • The Cost Approach-Part II: Depreciation • The Sales Comparison Approach • The Income Capitalization Approach • Direct and Yield Capitalization • Reconciliation and the Appraisal Report • Appraising Partial Interests • Appendix A: State Real Estate Appraiser Licensing/ Certification Boards • Appendix B: Websites • Answer Key • Glossary • Index