Appraisal Institute Dictionary Updated to Enhance Appraisers’ Knowledge

November 2, 2015

CHICAGO – November 1, 2015 – (RealEstateRama) — “The Dictionary of Real Estate Appraisal,” sixth edition, published this week by the Appraisal Institute, includes more than 5,000 entries, 1,250 revised definitions and 450 new terms and has been updated for consistency with current professional standards documents and with Appraisal Institute materials.

Also featured are new and revised glossaries to help real property valuers understand the language of related professionals in areas such as architecture and construction; mathematics and statistics; environmental contamination; agriculture, forestry, soils and wetlands; and green and energy-efficient building.

Other addenda contain information on real estate organizations; important U.S. government agencies, legislation and programs; significant U.S. Supreme Court decisions; and useful measures and conversions.

“This new dictionary takes into account a major reinvention of the International Valuation Standards and the debut of the Appraisal Institute’s Standards of Valuation Practice,” Appraisal Institute President M. Lance Coyle, MAI, SRA, wrote in the book’s foreword. “It also more fully integrates terminology specific to IVS, and is more sensitive to the language used by valuation professionals outside the United States.”

“The Dictionary of Real Estate Appraisal,” sixth edition, (ISBN: 978-1-935328-62-9) is a 434-page hardcover book, and also is offered as a PDF. It is available for $125 ($95 for Appraisal Institute professionals), plus shipping. A package with the hardcover and PDF is available for $175 ($125 for Appraisal Institute professionals). Call 888-756-4624 or order online.

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The Appraisal Institute is a global professional association of real estate appraisers, with nearly 21,000 professionals in almost 60 countries throughout the world. Its mission is to advance professionalism and ethics, global standards, methodologies, and practices through the professional development of property economics worldwide. Organized in 1932, the Appraisal Institute advocates equal opportunity and nondiscrimination in the appraisal profession and conducts its activities in accordance with applicable federal, state and local laws. Individuals of the Appraisal Institute benefit from an array of professional education and advocacy programs, and may hold the prestigious MAI, SRPA, SRA, AI-GRS and AI-RRS designations. Learn more at www.appraisalinstitute.org.