Intro to Real Estate Finance
The Appraisal Institute is a professional association of real estate appraisers in the United States that provides education, resources, and advocacy for its members. It plays a crucial role in establishing standards and best practices within the appraisal profession, ensuring that appraisers are equipped with the necessary skills and knowledge to perform accurate property valuations. This organization also contributes significantly to the development of the cost approach to valuation, which is essential for determining property values based on the costs associated with constructing a similar property.
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