Uniform Standards of Professional Appraisal Practice (USPAP). 

This item is only available to members or students taking an ASA course that requires or recommends the current USPAP book.

Henry A. Babcock, Ph.D., FASA. Softcover; 290 pages (1994, 5th printing).

Emphasizing the great scope of the appraisal field, this book provides the foundation for the sound development and further refinement of specialized appraisal technologies. Developed for students and teachers, the text offers explanations, definitions and methodology in chapters devoted to: applications of appraisal principles and procedures; the meaning of property; classifications of properties for valuation purposes; concepts, characteristics and measurement of property value; and more!

David R. Lewis, ASA, SR/WA and William L. Adams, Esq. Softcover; 52 pages (2007).

This guide is an excellent reference for attorneys who provide legal services in real estate matters.  The book first introduces basic real property valuation principles, practices and techniques.  It then describes the invaluable assistance real property appraisers can provide attorneys in case preparation by helping them develop arguments, define and clarify valuation principles and practices, compile graphic presentations, and collect primary and secondary information.

Also sold as a set with Zoning and Site Analysis and Planners Guide to Real Property Appraisal - $68.75 ASA member; $98.50 nonmember. (See below for details!)

Jay E. Fishman, Shannon P. Pratt, J. Clifford Griffith, D. Keith Wilson and Stanton L. Meltzer.  Practitioners Publishing Company (PPC).  Three-volume loose-leaf guide.  

NEW EDITION!  This useful book shows you a practical way to value both businesses and professional practices.  The book walks you through each step of the valuation process including accepting clients, gathering and analyzing data, selecting the best valuation methods, computing premiums and discounts and writing the report.  It also shows you how to deal with difficult situations such as the discovery of unrecorded cash sales.  Illustrations of valuation techniques for C corporations, S corporations, sole proprietorships, partnerships, divorces, estate taxation and professional practices are also included.

Monograph #01 - Professional Appraisal Practice: An Introduction
This monograph discusses definitions, roles, responsibilities and compliance.
It is required reading for PP/GJ 201. PDF Download.

Monograph #02 - Types of Value for Varied Intended Uses
This monograph discusses fair market value, definitions, pertinent terms and appraisal insights.
It is required reading for PP/GJ 201. PDF Download.

Monograph #03 - The Valuation Process
This monograph concentrates on the valuation process and focuses on the various stages to identify and describe property, necessary questions, approaches to value and determining conclusions.
It is required reading for PP/GJ 201. PDF Download.

Monograph #04 - Analyzing the Markets
This monograph provides an understanding of markets, market levels and tiers, and helps to provide market awareness and knowledge on how to gather reliable information from a variety of sources.
It is required reading for PP/GJ 202. PDF Download.

Monograph #05 - Development of the Appraisal
This monograph outlines a work plan, scope of work and the valuation process. A sample intake forms, intended us and type of value chart and valuation process checklist are provided.
It is required reading for PP/GJ 202. PDF Download.

Monograph #06 - Research: Principles of Research / Research Sources
This monograph provides a comprehensive approach to the methods and sources needed for completing the research portion of an appraisal report.
It is required reading for PP/GJ 202. PDF Download.

Monograph #07 - Analyzing the Research
This monograph looks at the research that an appraisal assignment may require and provides examples, definitions, various approaches, methods, models and checklists.
It is required reading for PP/GJ 202. PDF Download.

Monograph #13 - Ethics and the Personal Property Appraiser
This monograph discusses ethics and the personal property appraiser.
It is required reading for PP/GJ 201. PDF Download.

David R. Lewis, ASA, SR/WA; and William L. Adams, Esq. Softcover; 71 pages (2008).

Developed for planners who provide services in real estate and governmental matters, this guide is an excellent reference. It is comprised of selected subjects that will assist planners in understanding the important aspects of real property appraisal and consulting services. The primary focus of the guide is the appraisal process with the intent to provide an easy reference in summary format. It also describes the invaluable assistance appraisers can provide planners in helping them develop recommendations and arguments, defining and clarifying valuation principles and practices and developing primary and secondary information.

Also sold as a SET with Zoning and Site Analysis and Attorneys Guide to Real Property Appraisal - $68.75 ASA member; $98.50 nonmember. (See below for details!)

Written by Gary Trugman, Understanding Business Valuation: A Practical Guide to Valuing Small-to Medium-Sized Businesses, simplifies a technical and complex area of practice with real-world experience and examples. Trugman's informal, easy-to-read style covers all the bases in the various valuation approaches, methods, and techniques. Readers at all experience levels will find valuable information that will improve and fine-tune their business valuation knowledge.

Topics include valuation standards, theory, approaches, methods, discount and capitalization rates, S corporation issues, and much more. Author's Note boxes throughout the publication draw on the author's veteran, practical experience to identify critical points in the content. This edition has been greatly expanded to include new topics as well as enhanced discussions of existing topics.

New and expanded in this edition:

• New content on statistics for business valuation and economic damage analyses.
• Forecasting techniques for business valuation and economic damages.
• Pass through entities including a discussion of the leading models used to estimate taxes.
• An accompanying CD-ROM that includes new sample reports and one of the most comprehensive bibliographies in the business.
• The discounts and premiums section has been greatly expanded to included discussion of additional types of discounts as well as quantification techniques used to calculate marketability discounts. This includes a discussion on how to use the Black-Scholes Option Pricing Model.

Gary Trugman, ASA, CPA/ABV, MCBA, MVS. Hardcover; 1146 pages; 2012

This item is only available to ASA members. Non-member students who wish to purchase this book for recommended reading may do so at www.cpa2biz.com.

Shannon P. Pratt, FASA and Alina V. Niculita.  Hardcover; 1098 pages (January, 2008).

This text is a primer on the theory and practice of estimating the value of a business or business interest. The authors describe the mechanics of conducting a valuation in detail, from the nature and sources of data to be gathered through the writing of the final appraisal report, concluding with a three-chapter section on litigation and arbitration of business valuation issues.

American Society of Appraisers. Electronic Download (2011). 

Utilizing the latest technology, this book will be available completely online. This comprehensive eBook, in its 3rd version, contains the latest information on inventory valuation, aviation, marine appraisal techniques, and report writing and ethics. Extensive examples can be found throughout the eBook; enhanced appendices add more information for the reader.

American Society of Appraisers. Electronic Download and Hard Copy Book (2011). 

Utilizing the latest technology, this book will be available online and in hard copy format. This comprehensive eBook, in its 3rd version, contains the latest information on inventory valuation, aviation, marine appraisal techniques, and report writing and ethics. Extensive examples can be found throughout the eBook; enhanced appendices add more information for the reader.

***Currently on backorder, call for current status. eBook version available for immediate download.

David R. Lewis, ASA, Softcover; 115 pages (2006).

An excellent addition to every real property appraiser's library, with valuation information on transitional properties, redevelopment projects, subdivisions, complex properties and how to work with planners.  This practical handbook, developed by a veteran valuation practitioner, is a must-read for every real estate appraiser who has ever had to interact with city hall. 

Also sold as a set with Attorneys Guide to Real Property Appraisal and Planners Guide to Real Property Appraisal - $68.75 ASA member; $98.50 nonmember.