First Sentence:
The Appraisal Institute (2001) prescribes an eight-step real estate valuation process in The Appraisal of Real Estate, 12th Edition (see Appendix A for a summary of this process).
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Key Phrases - Statistically Improbable Phrases (SIPs):
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fuzzy present value, unimpaired market value, comparable sales selection, appraisers operating, fuzzy future value, normative valuation model, appraiser behavior, appraiser accuracy, proportion commercial space, pending sale price, equity capitalization rates, grid estimator, hedonic modeling, geographic familiarity, exterior wall length, hedonic price approach, average significance level, automated appraisal, vacant land sales, commercial appraisers, contamination history, hedonic pricing models, market sales data, hedonic pricing studies, appraisal accuracy
Key Phrases - Capitalized Phrases (CAPs):
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Journal of Real Estate Research, Appraisal Institute, Journal of Urban Economics, Journal of Real Estate Finance, New Zealand, The Appraisal Journal, New York, Valuation Modeling, Hong Kong, Rocky Bay Estate, Swan River, Journal of Property Research, Adjusted Squared Multiple, John Wiley, Journal of Property Valuation, Journal of Housing Economics, United Kingdom, Kingswood Villas, Meter Extending, Baton Rouge, Condition Index, Standard Error of Estimate, The Cutting Edge Conference, United States, Average Tolerance Ratio Dep Var
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