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The Appraisal Foundation is a non-profit organization established in 1987 by the largest valuation organizations in North America. The foundation was congressionally authorized to develop standards and qualifications for real estate appraisers under Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989.
The Downtown Torrington Historic District encompasses the historic central downtown area of Torrington, Connecticut. Centered on a crossing of the Naugatuck River, the 56-acre (23 ha) historic district is well-represented with architecture from the mid-19th to early 20th centuries. It was listed on the National Register of Historic Places in 1988.
Uniform Standards of Professional Appraisal Practice ( USPAP) can be considered the quality control standards applicable for real property, personal property, intangible assets, and business valuation appraisal analysis and reports in the United States and its territories. USPAP, as it is commonly known, was first developed in the 1980s by a ...
The Fyler–Hotchkiss Estate is located north of Torrington's central business district, on the east side of Main Street north of city hall and the Catholic church. The estate complex includes two houses and a carriage house, set back from the street. The main house is a large 2 + 1 ⁄ 2-story brick structure, with a cruciform plan. It has a ...
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Real estate appraisal, property valuation or land valuation is the process of developing an opinion of value for real property (usually market value).Real estate transactions often require appraisals because they occur infrequently and every property is unique (especially their condition, a key factor in valuation), unlike corporate stocks, which are traded daily and are identical (thus a ...
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