Student Study Guide for Anatomy & Physiology / Edition 6

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Overview

Based on the authors' combined wealth of both professional and academic experience, Basic Real Estate Appraisal, Fourth Edition provides a thorough outline of the most up-to-date appraisal theory and practice for students, real estate professionals, and consumers. Both simple and complex subjects are covered in terms that are easy to understand yet accurate. Coverage references and explains the Uniform Standards of Professional Appraisal Practice, introducing all of the appraisal related topics listed in the educational requirements for universal state licensing and certification.
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Editorial Reviews

Booknews
A practical guide to real estate appraisal for students and real estate professionals as well as for consumers, explaining the Uniform Standards of Professional Appraisal Practice. Although this is an entry-level text, all of the appraisal-related topics listed in the educational requirements for appraiser licensing and certification are covered, such as the formal appraisal process, property inspection, valuing the site, estimating loss in value, and appraising as an occupation. Includes chapter previews, summaries, and quizes, plus excerpts from documents, b&w photos, and a glossary. Annotation c. by Book News, Inc., Portland, Or.
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Product Details

  • ISBN-13: 9780077351175
  • Publisher: McGraw-Hill Higher Education
  • Publication date: 5/19/2011
  • Format: Spiral Bound
  • Edition description: New Edition
  • Edition number: 6
  • Pages: 272
  • Sales rank: 941,759
  • Product dimensions: 8.50 (w) x 10.70 (h) x 0.40 (d)

Read an Excerpt

PREFACE:

Preface

This fifth edition of Basic Real Estate Appraisal is a thorough outline of current appraisal theory and practice, providing a practical guide to real estate appraisal for students, real estate professionals, and consumers. Importantly, this text introduces all of the topics listed in the educational requirements for state licensing and certification.

Crafted to build upon the classical appraisal process, Basic Real Estate Appraisal describes how this important valuation model has been refined and made more explicit in recent years by the Uniform Standards of Professional Appraisal Practice. References and abstracts of USPAP appear throughout the book. More detailed text of those USPAP Rules and Standards directly governing appraisals may be found in the addendum. Finally, this text describes how computers are used in appraisals, including their use to access on-line appraisal data services, and other resources available on the Internet. Web sites of representative services and resources are included in the text.

Based on the authors' years of teaching at both the community college and university levels, and their years of practical appraisal experience, Basic Real Estate Appraisal has been written for easy reader comprehension. Both simple and complex subjects are covered in terms that are easy to understand yet accurate. Throughout, typical appraisal tasks and problems are described and illustrated. Charts and currently used appraisal forms are used as appropriate.

As to the format of the book, the chapters are subdivided into sections, usually three or four. Each chapter starts with a previewparagraph and statement of learning objectives. These should help the reader to identify the important elements in the chapter. The major sections of the text material follow. Each chapter concludes with a comprehensive summary and a list of important terms and concepts. A group of chapter review questions is provided to help the reader review his or her understanding. The answers to these questions are provided at the end of the book.

The appraisal concepts and techniques covered in this book are important tools that are useful to people in every field of real estate. We hope that our presentation will provide many helpful ideas and skills for use in your daily real estate endeavors.

Richard M. Betts
Silas J. Ely

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Table of Contents

Meeting the Authors
Preface
Acknowledgments
Ch. 1 Real Estate Appraisal and You 1
Ch. 2 Legal Considerations in Appraisal 14
Ch. 3 The Formal Appraisal Process 36
Ch. 4 Focus on Neighborhood, Community, and Market 62
Ch. 5 Real Estate Economics and Value 94
Ch. 6 Property Inspection and Analysis: The Site 118
Ch. 7 Property Inspection and Analysis: The Improvements 158
Ch. 8 The Sales Comparison Approach 186
Ch. 9 Analyzing and Adjusting Comparable Sales 214
Ch. 10 Valuing the Site 248
Ch. 11 Introducing the Cost Approach 272
Ch. 12 Estimating Loss in Value: Accrued Depreciation 298
Ch. 13 The Income Approach 320
Ch. 14 Income Capitalization: Rates and Techniques 350
Ch. 15 Reconciling the Value Estimates 384
Ch. 16 Reporting Appraisal Opinions 396
Ch. 17 Appraising Special Ownerships and Interests 435
Ch. 18 The Professional Appraiser 463
Answers to Reviewing Your Understanding Questions 487
Glossary 491
Uniform Standards of Professional Appraisal Practice (Excerpts) 510
Index 523
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Preface

PREFACE:

Preface

This fifth edition of Basic Real Estate Appraisal is a thorough outline of current appraisal theory and practice, providing a practical guide to real estate appraisal for students, real estate professionals, and consumers. Importantly, this text introduces all of the topics listed in the educational requirements for state licensing and certification.

Crafted to build upon the classical appraisal process, Basic Real Estate Appraisal describes how this important valuation model has been refined and made more explicit in recent years by the Uniform Standards of Professional Appraisal Practice. References and abstracts of USPAP appear throughout the book. More detailed text of those USPAP Rules and Standards directly governing appraisals may be found in the addendum. Finally, this text describes how computers are used in appraisals, including their use to access on-line appraisal data services, and other resources available on the Internet. Web sites of representative services and resources are included in the text.

Based on the authors' years of teaching at both the community college and university levels, and their years of practical appraisal experience, Basic Real Estate Appraisal has been written for easy reader comprehension. Both simple and complex subjects are covered in terms that are easy to understand yet accurate. Throughout, typical appraisal tasks and problems are described and illustrated. Charts and currently used appraisal forms are used as appropriate.

As to the format of the book, the chapters are subdivided into sections, usually three or four. Each chapter starts with apreviewparagraph and statement of learning objectives. These should help the reader to identify the important elements in the chapter. The major sections of the text material follow. Each chapter concludes with a comprehensive summary and a list of important terms and concepts. A group of chapter review questions is provided to help the reader review his or her understanding. The answers to these questions are provided at the end of the book.

The appraisal concepts and techniques covered in this book are important tools that are useful to people in every field of real estate. We hope that our presentation will provide many helpful ideas and skills for use in your daily real estate endeavors.

Richard M. Betts
Silas J. Ely

Read More Show Less

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