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What is USPAP?                                                                    

USPAP, which you might hear pronounced like "YOOS-pap," is the Uniform Standards of Professional Appraisal Practice. USPAP is published and maintained by the Appraisal Standards Board (ASB) of the Appraisal Foundation, a non-governmental entity charged with promulgating appraisal standards. USPAP is revised periodically, usually bi-annually, and almost never radically.  It includes sections covering rules, such as an Ethics Rule and a Competency Rule.  It includes Standards, 10 of them, each covering in detail different functions an appraiser might perform.

Every appraiser is charged with knowing and following USPAP and must complete Continuing Education periodically to relearn the basics and become familiar with new Advisory Opinions and annual changes to USPAP.  USPAP may be considered the Bible of appraisal practice.

 

Angus MacInnes DAC,IFAS is certified by the Appraisal Standard Board as an official USPAP instructor.