USPAP was written by the Appraisal Foundation in an attempt to establish a set of uniform standards by which professional appraisers should approach the appraisal of various properties. All credible professional American appraisal societies have adopted USPAP as their Standard of professional appraisal practices.
All credible appraisers must know the rules, guidelines and regulations regarding the Uniform Standards of Professional Appraisal Practice (“USPAP”) as published by the Appraisal Foundation, and observe them. All appraisals must be consistent with all the requirements and recommendations of USPAP. USPAP is sometimes changed and modified by the Appraisal Foundation and each appraiser should be required to keep abreast, independently, of these changes and modifications and to act in accordance with said changes and modifications. Copies of USPAP may be obtained from the Appraisal Foundation, which is located in Washington DC.
USPAP uses strong and decisive language and its intended to be so. No profession can survive long without the standardization of the practices of those who are its members. USPAP, the booklet, is very complete and self-contained. Very little needs to be added to it for a complete understanding of the professional appraisal practices of the professional appraiser.
VIEW CURRENT: Personal Property Appraiser Qualification Criteria