Course 4113: Uniform Appraisal Standards for Federal Land Acquisitions (Yellow Book)
August 19-21, 2020
Louisville, KY
Course Description:
The sixth edition of the Uniform Appraisal Standards for Federal Land Acquisitions, commonly known as the "Yellow Book" has been restructured to provide clarity and readability resulting in practical guidance for appraisers, attorneys, and the public.
The purpose of the Yellow Book is to promote fairness, uniformity and efficiency in the appraisal of real property in federal land acquisitions.  This sixth edition contains four main sections: Appraisal Development, Appraisal Reporting, Appraisal Review and Legal Foundations.  It also includes:
  • Relevant new appraisal methodology and theory
  • New case law and other federal requirements
  • Consistency with professional appraisal standards
Upon completion of the course, students will be able to:
Gain an understanding of the development process for valuation assignments for federal land acquisitions;
Demonstrate an increased knowledge about the application of Yellow Book Standards to valuation assignments for federal land acquisitions;
  • Evaluate the content and level of information and analysis required to communicate the results of an appraisal prepared for federal land acquisitions; and
  • Connect the legal foundation/rationale/guidance that govern recurring valuation problems and specialized appraisal issues unique to federal land acquisitions.
Course Level:
Course Tuition Includes:
Participant Manual
Required Materials:
A four-function or higher calculator.
The Yellow Book document in paper copy, or electronic copy.  It is available for download at:
Who should take this course:
Appraisers and Review Appraisers
Government employees who are users of Yellow Book appraisals
Class Location:
Hyatt Place Louisville East
701 S. Hurstbourne Pkwy
Louisville, KY 40222
Course Instructor:
William D. Otto Spence, SR/WA, MAI, SRA, AI-GRS, AI-RRS
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