2010-2011 USPAP Adopted

The Appraisal Foundation announced changes to the 2010-2011 Uniform Standards of Professional Appraisal Practice (USPAP) at its meetings in New Orleans. The new edition will offer FAQ and advisory opinions, similar to what is in the current edition of USPAP. Revisions focus on improving the Ethics Rule, the Competency Rule and Standard 3: Appraisal Review, Development and Reporting.

The 2010-2011 USPAP is expected to be available in October of this year. ASB has issued a Summary of Actions document, which explains the changes that are being made and the rationale for those changes.