Skip to main content

Appraisal Institute Releases Updated Dictionary

National Mortgage Professional
Oct 29, 2015
“The Dictionary of Real Estate Appraisal,” sixth edition, published by the Appraisal Institute, now includes more than 5,000 entries, 1,250 revised definitions and 450 new terms and has been updated for consistency with current professional standards

“The Dictionary of Real Estate Appraisal,” sixth edition, published by the Appraisal Institute, now 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.”

Published
Oct 29, 2015
Top Texas Originator Sees No Surrender To 2023

Big cities will determine the battle

Industry News
Jan 26, 2023
There’s Good & Bad News On The Horizon

There will be a real estate slump, but the big cities are coming out much better

Industry News
Jan 26, 2023
Housing Prices Across Texas Likely Hobbled In 2023

But you’re getting a lot less for $1 million

Industry News
Jan 23, 2023
UWM Adds 'Control Your Price' To 'Game On' Pricing

New program provides 125 basis points in price enhancements for loan orignators.

Industry News
Jan 11, 2023
Rocket Pro TPO Relieves Brokers Of Credit Fee Burden

Will provided free credit reports to brokers if they get their loan closed with the Detroit lender.

Industry News
Jan 10, 2023
Former Employees Sue Rocket Mortgage Over OT Pay

Claim company failed to properly calculate & pay OT for working beyond 40 hours a week.

Operations
Jan 09, 2023