CHICAGO (Jan. 30, 2007) - The Appraisal Institute is proud to announce the release of its newest publication, Appraising Residential Properties, fourth edition. Designed to meet the needs of a new generation of tech-savvy residential real estate practitioners, this classic residential valuation textbook helps appraisers understand the new Appraiser Qualifications Board (AQB) requirements for appraiser licensing and certification while preparing valuation professionals for the challenges that lie ahead.
"To create this new edition of Appraising Residential Properties, the Appraisal Institute has looked back at the significant changes in the profession and forward to the opportunities that the future will present," explains Terry Dunkin, MAI, SRA, president of the Appraisal Institute. "Significant updates have been made to the text made to reflect recent changes in the Uniform Standards of Professional Appraisal Practice, changes in the real estate market and changes to appraisal practice in general."
Throughout Appraising Residential Properties, new data sources have been highlighted and the discussion of residential property design and building construction has been significantly reorganized. Among the updated information are new sections covering:
-Use of statistics in real estate appraisal
-Increased use of automated valuation models (AVMs)
-The scope of work decision in the valuation process
-Basic instructions on the use of financial calculators
PRICE AND ORDERING INFORMATION
Appraising Residential Properties (Stock No. 0702M) is available to Appraisal Institute members for $60; $70 for nonmembers. If ordered by April 15, 2007, members can take advantage of a special introductory price of $48 for a single copy. To place an order by telephone, call 800-504-7440. To order online, visit www.appraisalinstitute.org/ecom/publications
As the leading organization for professional real estate appraisers, the Appraisal Institute represents more than 21,000 members worldwide. Members benefit from an array of professional education and advocacy programs, and may hold the prestigious MAI, SRPA and SRA designations. Appraisal Institute members adhere to a strictly enforced Code of Professional Ethics and Standards of Professional Appraisal Practice. For more information regarding the Appraisal Institute, please visit www.appraisalinstitute.org