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The Uniform Standards of Professional Appraisal Practice (USPAP) is a set of ethical and performance standards for real estate appraisers. It is developed and maintained by the Appraisal Standards Board (ASB) of the Appraisal Foundation. USPAP is designed to ensure that appraisals are conducted in a professional manner and that the results are reliable and credible. USPAP applies to all types of real estate appraisals, including residential, commercial, industrial, and agricultural properties.
USPAP is widely accepted by lenders, government agencies, and other organizations that rely on real estate appraisals. It is also used by appraisers to ensure that their work meets the highest standards of quality and accuracy. USPAP is regularly updated to reflect changes in the real estate market and to ensure that appraisers are up-to-date on the latest industry standards.
Some companies in the USPAP market include Appraisal Institute, Appraisal Foundation, Appraisal Standards Board, Appraisal Institute of Canada, and Appraisal Institute of America. Show Less Read more
