The Appraisal Foundation (TAF) released a free video this week previewing the 2012-13 changes to the Uniform Standards of Professional Appraisal Practice (USPAP). The 23 minute video includes:
- revisions to the definitions of “Client”, “Extraordinary Assumptions”, Hypothetical Condition”, and a new definition of “Exposure Time”;
- Creation of a new RECORD KEEPING RULE and related edits to the Conduct Section of the ETHICS RULE;
- Revisions to Advisory Opinion 21; and
- Revisions to STANDARDS 7 & 8
View the video here.
Check out other Foundation videos at their E-library.