The specialized language of real estate valuation is the focus of a newly published book by the Appraisal Institute, featuring more than 5,000 definitions and terms in addition to seven specialized glossaries. The Appraisal Institute is the nation’s largest organization of real estate appraisers. A state-of-the-art reference work, “The Dictionary of Real Estate Appraisal,” fifth edition, includes an online version for the first time, providing users with electronic access to all the book’s terms and definitions in a convenient, user-friendly format.
Using the online version, readers can search all the sections of the dictionary for a specific term, browse the list of terms alphabetically, browse individual sections of the dictionary addenda and copy a definition from the online dictionary and paste it directly into one’s own document. Over the course of a year-long development process, dozens of dedicated real estate professionals debated and discussed the language of real estate to create a new dictionary with 21st Century terms and definitions and a new focus on the future of the profession.
For more information, visit www.appraisalinstitute.org/REdictionary.