USPAP Archive

How to Make a Profession Disappear

We are fairly near the end of the continuing education cycle for appraisers in my home state of Pennsylvania. Among other topics, I’ve been presenting changes to laws and regulations, which include the new Appraisal Qualifications Board (AQB) standards that...
February 15, 2013

Hot Off the Presses – New USPAP Now Available

The Appraisal Foundation (TAF) announced that the 2012-2013 edition of the Uniform Standards of Professional Appraisal Practice (USPAP) is now available. This edition of USPAP will be valid for two years beginning January 1, 2012 through December 31, 2013....
October 14, 2011

Free Foundation Video on USPAP 2012-13 Changes

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...
August 11, 2011

No Joke: States Aim to Prohibit Foreclosures in Appraisals

An American Banker article last week notes that four states are considering legislation that would prohibit an appraiser from using foreclosures in an appraisal report. According to the article, the rationale is that the high number of foreclosures in...
April 1, 2011

2010 USPAP Update for State Regulators

The Appraisal Foundation (TAF) recently released the 2010 USPAP Update for State Regulators is available for online viewing free of charge.    The one-hour presentation was produced as a part of the Association of Appraiser Regulatory Officials (AARO) conference in...
August 2, 2010

Here’s What You Need to Know About HR 4173

As you surely know by know, the President recently signed into law the Frank-Dodd Wall Street Reform and Consumer Protection Act (HR 4173).  Title XIV of the legislation, the Mortgage Reform and Anti-Predatory Lending Act, has significant appraisal reforms...

AI Comments on Geographic Competency Issue

Jim Amorin, President of the Appraisal Institute, commented on appraisers who may be violating the Uniform Standards of Professional Appraisal Practice (USPAP) or other professional and ethical standards of appraisers. Mr. Amorin’s comments focused on geographic competency – an...
August 26, 2009

Appraisal Foundation – August Q&A

Application of Appraisal Reporting Requirements Question: If an appraiser is bound by USPAP for a particular assignment, when must the appraiser comply with the USPAP appraisal reporting requirements? Response: Whenever a value opinion is communicated, compliance with USPAP’s appraisal...
August 21, 2009

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...

Appraisal Foundation – February Q&A

QUESTIONS REGARDING 2010-11 REVISIONS TO THE ETHICS RULE The Appraisal Standards Board recently adopted changes to the Conduct section of the ETHICS RULE that will become effective January 1, 2010 for the 2010-11 edition of USPAP. The specific language...