Fundamentals of Real Estate Appraisal, 10th Edition

Using an effective blend of theory and practice, this best-selling textbook provides a strong foundation for understanding today’s ever-changing appraisal marketplace, including real estate transactions, steps in the appraisal process, and key environmental considerations.

Highlights:

• NEW! Clearly defined key terms are highlighted for easy identification
• NEW! Learning objectives identify the most important concepts through each chapter
• Chapter review questions and over 65 in-chapter exercises test appraisal knowledge and help identify topics for further review.
• Expanded and updated coverage of key concepts, including real estate transactions, steps in the apprasial process, and key environmental considerations.
• "In Practice" features help make the connection between the principles in the book and real world scenarios
• Instructor’s Manual with teaching outlines, discussion questions, over 150 supplemental quiz questions, two final exams, a sample licensing exam-a total of over 500 additional questions for the instructor to use in class, and a PowerPoint presentation

Table of Contents:

• The Appraisal Profession
• Appraisal Math and Statistics
• Real Estate and Its Appraisal
• Real Estate Transactions
• The Real Estate Marketplace
• The Appraisal Process
• Building Construction and the Environment
• Data Collection
• Site Valuation
• The Cost Approach–Part I: Reproduction/Replacement Cost
• The Cost Approach–Part II: Depreciation
• The Sales Comparison Approach
• The Income Capitalization Approach
• Direct and Yield Capitalization
• Reconciliation and the Appraisal Report
• Appraising Partial Interests