The Appraisal Foundation (TAF), in cooperation with the U.S. Department of Justice, has published a new version of the sixth edition of the Uniform Appraisal Standards for Federal Land Acquisitions, known as the “Yellow Book,” according to a release from TAF.
Appraisers can get their copy and learn more about federal land acquisitions.
As stated in an earlier Valuation Review article about “Uniform Appraisal Standards for Federal Land Acquisitions,” the Yellow Book is promulgated by the Interagency Land Acquisition Conference for use by all agencies for federal land acquisitions and was developed to promote fairness, uniformity and efficiency in the valuation of real property in federal acquisitions, with the twin aims of protecting the public interest and ensuring fair and equitable treatment of landowners whose property is affected by public projects, according to a TAF release.
“This new version of the sixth edition is a must for anyone practicing federal land acquisitions,” TAF said.
The book contains essential improvements, including relevant new appraisal methodology and theory, new case law and federal requirements and updates to maintain consistency with professional appraisal standards.
If you are interested in taking a yellow book course, click here for details on some upcoming course announcements.