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 ...
What Is an Appraisal? An appraisal is a professional valuation of property, such as real estate, a business, or collectibles, performed by a credentialed appraiser.
Define appraisal. appraisal synonyms, appraisal pronunciation, appraisal translation, English dictionary definition of appraisal. n. 1. The act or an instance of appraising. 2. An expert or official valuation, as for taxation.
An appraisal refers to the process of determining something’s value—a car, a ring, or (in this case) a piece of real estate. A licensed appraiser performs an independent, unbiased valuation to determine the current market value of a property, such as a single-family home, farm, or business.
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The guidance offered is intended to be used in conjunction with, not in place of, those guidelines. Various APA publications also influenced the information presented within, namely the Equity, Diversity and Inclusion Framework (APA, 2021b); numerous policy resolutions and practice guidelines; and the APA Dictionary of Psychology (APA, n.d.).
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