Appraisal Institute Releases Updated Dictionary – NMP 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
Chairman Xu Sells Off Personal Assets To Avoid Default

The Evergrande saga continues as Chairman Xu Jiayin sells off 7 billion yuan ($1.1 billion) of his personal assets to prop up the deflating property giant.

Industry News
Nov 23, 2021
OptiFunder Secures $25 Million In Capital

OptiFunder, a warehouse management system provider for mortgage originators, raised $25 million in additional capital lead by Arthur Ventures, a growth capital firm focused on high-growth, founder-led and capital efficient B2B software companies.

Tech
Nov 23, 2021
Mortgage Company Donates $100K To High School In Memory Of Fallen U.S. Navy Corpsman

Cleveland-based CrossCountry Mortgage donated $100,000 to Milan Edison High School in memory of U.S. Navy Corpsman, Maxton W. Soviak, who died while assisting in the evacuation of Americans and refugees in Afghanistan in August.

Community
Nov 23, 2021
MISMO Seeks To Standardize Pre-Closing Title Data

Forming workgroup to focus on standardizing document datasets to streamline process and increase efficiency.

Industry News
Nov 23, 2021
Pandemic's Impact On Real Estate Around The World

Although the impact of the COVID-19 pandemic on the real estate industry has been well-documented within the United States, it’d be prudent to know how the global event impacted other countries as well. 

Industry News
Nov 22, 2021
Housing Market Potential Strengthens Modestly

First American Financial Corporation's Potential Home Sales Model for October 2021 reported that potential existing-home sales increased 0.1% month-over-month to 6.27 million, with household formation continuing to grow, largely driven by millennials.

Analysis and Data
Nov 22, 2021