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- Industry-accepted definitions for appraisal terms can be found in The Dictionary of Real Estate Appraisal, 4th Edition (Appraisal Institute, 2002). An industry-accepted overview of the appraisal process can be found in The Appraisal of Real Estate, 12th Edition (Appraisal Institute, 2001). The current version of USPAP (Uniform Standards of Professional Appraisal Practice) promulgated by the Appraisal Foundation sets forth the minimum reporting standard for appraisals. The Center Valuations, Inc. website provides only general background information on appraisals which is not intended to replace or conflict with any industry-accepted source.
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