Concept information
Preferred term
appraisal industry
Definition
- The term appraisal industry refers to the business and regulatory culture that has developed around the need for independent judgments of real estate value and the fulfillment of this need by real estate professionals. Some valuation professionals specialize in valuing single-family residences, and others specialize in income-producing property. [Source: The Encyclopedia of Housing; Appraisal Industry]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/appraisal_industry
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