For forty years successive editions of The Appraisal of Real Estate have provided real estate professionals with everything they need to know about the valuation of real property. This classic text reveals all the facets of the profession, explaining in precise detail how appraisers go about their craft. The beginning of the text illuminates basic economic theory and the workings of real estate markets.

Following a concise, accurate discussion of land description and building construction, the stage is set for in-depth coverage of highest and best use analysis, site valuation, and the application of the cost, sales comparison, and income capitalization approaches to value.

In addition to the essentials you would expect from the definitive source of real estate appraisal information, the tenth edition of The Appraisal of Real Estate contains a wealth of new material on subjects of contemporary importance. Readers will gain insight into state licensing and certification, appraisal legislation and regulation, professional liability, appraisal review, environmental hazards, federal monetary policy, and ongoing events in the thrift industry.

With useful appendixes on professional practice, legislation, and quantitative analysis as well as financial tables and an extensive bibliography, The Appraisal of Real Estate, tenth edition, brings the valuation of real estate into focus.