The Uniform Standards for Professional Appraisal Practice is a set of procedures and ethical guidelines set by the Appraisal Standards Board.
What is the meaning USPAP?
The Uniform Standards of Professional Appraisal Practice (USPAP) is the generally recognized ethical and performance standards for the appraisal profession in the United States.
What is the ethics rule in appraisals?
Ethics Rule: Requires appraisers to complete the appraisal process in a manner that are objective, completed without bias, completed objectively with no accommodation of personal interests. An important part of the Ethics Rule deals with confidentiality
Why is USPAP important?
Considered to be a sort of quality control for the profession, USPAP provides vetted and generally accepted regulations meant to promote public trust in the profession; these standards apply to personal property, real estate, business and mass appraisals.
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