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The Profession


Overview of the Profession

Currently there are more than 90,000 appraisers in the United States, having grown from a few hundred in the 1920s. The issues affecting and areas addressed by the profession have likewise expanded. Both domestically and abroad, appraisers are being used for more and more complex assignments. Additionally, the need for full appraisals is being augmented by the need for consulting, litigation, and other areas of expertise.

Below are several articles that combine historical perspectives and contemporary insights to explore the current state of the profession.

Nine Big Ideas: Appraisal Journal Articles That Influenced a Generation
by David C. Lennhoff, MAI, SRA
This article looks at some of the prevailing ideas and philosophies that have shaped and impacted a generation of appraisers.

The Evolution of Appraiser Ethics and Standards
by Arthur A. May, MAI, MS
Clear, enforceable ethics and standards are one of the bases for a profession. It is the knowledge among practitioners of what the procession and society expects in terms of ethical behavior and competent performance that is the foundation of professional conduct.

Voices in the Evolution of Appraising: Hindsights and Insights
by Bruce M. Closser, MAI, SRA
This article offers a look back at real estate appraising and its evolution in the United States. It offers insights by those who have observed and participated in the evolution of the profession in the 75 years since the beginning of the Appraisal Institute.

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Appraising Around the Globe