Basic Real Estate Appraisal

Written by instructors for instructors, Basic Real Estate Appraisal covers the fundamentals of the appraisal business, making concepts accessible for aspiring real estate appraisers. It also helps real estate salespeople, brokers, consumers, investors, and all others seeking a better understanding of the role of appraisers in today s real estate market. This ninth edition reflects the major changes in appraising and appraisal regulations in recent years, including changes to the Uniform Standards of Professional Appraisal Practice (USPAP) in the 2014-2015 Edition, as well as those approved for the 2016-2017 Edition. This edition also addresses the Uniform Appraisal Dataset (UAD) and the Market Conditions Addendum used in single-family residential appraisals for lending purposes.

Richard M. Betts

Mr. Betts is a California Certified General Real Estate Appraiser and consultant in Oakland, California. He was educated at the University of California, Berkeley, where he earned BS and MBA degrees in business administration, with emphasis in real estate. Subsequent educational work includes a Real Estate Certificate, as well as many courses from AIREA, SREA, and AI. Mr. Betts has extensive experience as a fee appraiser, including expert witness appraisal before various courts and assessment appeal boards. He has taught numerous times for Merritt Community College; the University of California, Berkeley, Extension Division; AIREA; SREA; and the Appraisal Institute. He has also taught for IAAO (Courses, 1, 2, and 3); the University of Southern California; and the University of California, Berkeley, School of Business. Mr. Betts holds the professional designations MAI, SRA, and ASA (Real Estate), and is a past president of both the Northern California Chapter 11 of AIREA and the East Bay Chapter 54 of SREA. For some years, Mr. Betts served on national committees of AIREA, including the National Editorial Board of The Appraisal Journal. Mr. Betts was for many years president of REAMUG, the appraisers computer user group. He coauthored Essentials of Real Estate Economics, 5th Edition in 2011.

James A. Glickman

Mr. Glickman is a California Certified General Real Estate Appraiser and educator in Sacramento, California. He was educated at the University of Missouri Columbia, where he earned a BS in Environmental Design. The initial exposure to real estate began early in life with his father Les Glickman a prominent broker and appraiser in St. Louis, Missouri. His first real estate appraisal courses were taken at a community college. Subsequent education in both appraisal and brokerage has included offerings from the Missouri Association of REALTORS®, AIREA, AI, University of Wisconsin Extension, The Appraisal Foundation, and the IAAO. Mr. Glickman s appraisal experience over the years has included working as a staff appraiser with a lender, as a fee appraiser, and with the Sacramento County Assessor s Office. He is an Adjunct Professor with American River College. He has developed and instructed workshops and seminars for the Sacramento-Sierra Chapter of the Appraisal Institute since the early 1980s, and is past president of that chapter. Mr. Glickman holds the MAI professional designation. He is a member of IAAO, and was a presenter at that organization s 80th Annual International Conference. In addition to his other job duties at the Assessor s Office, Mr. Glickman trains and mentors new appraisal staff member and monitors and develops valuation procedures and resources.