Dictionary

URAR (Uniform Residential Appraisal Report)/1004: In real estate, the main appraisal report form.

USPAP: The Uniform Standards of Professional Appraisal Practice; generates and approves specific guidelines for appraisers to provide ethical analysis and reporting within the industry.

valuation: See appraisal.

valuation methods: Ways an appraiser can elect to place value on a property or product; ioften purpose-based rather than market-based.

yield capitalization: An appraisal method based on future cash flow. This method can only be used if the property produces income for the owner.