The Appraisal Institute is proud to announce the thirteenth edition of The Appraisal of Real Estate, with answers to your questions and guidance on how to meet the new challenges facing valuation professionals. Despite uncertainties in real estate and money markets, increased competition, and new regulatory scrutiny, real estate appraisers can continue to rely on The Appraisal of Real Estate as a primary resource and reference that demonstrates how to overcome obstacles and perform appraisal assignments with consistency, competence, and integrity. The Appraisal of Real Estate was revised in recognition of:

Increased educational requirements for real estate appraisal licensing and certification

Evolving professional standards that emphasize client communication and the proper determination of the scope of work

The new edition of the textbook includes discussion of:

New information technology and expanded access to property and transaction data

Statistical applications such as regression analysis and the responsible use of AVMs

Trends toward environmental and economic sustainability with green buildings

Changes to international and U.S. accounting standards and the opportunities those changes create for appraisers to expand into new markets

With new opportunities as well as challenges, the field of real property appraisal remains fertile ground for educated, motivated professionals. The many practicing appraisers and expert consultants who contributed to the creation of this text have clearly demonstrated their confidence in and commitment to the relevance of the profession and to furthering the body of knowledge. Learn from their experience as you continue your professional development and grow your business.