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Stock Number:
STAFUSPAPB
Uniform Standards of Professional Appraisal Practice (B)
The Standards set forth requirements for developing and reporting appraisal, appraisal review, and appraisal consulting analyses, opinions, and conclusions. The Appraisal Institute's Standards of Professional Appraisal Practice include the following three components:
1) The Uniform Standards of Professional Appraisal Practice
Standards 1 and 2 establish requirements for the development and reporting of a real property appraisal.
Standard 3 establishes requirements for development and reporting of an appraisal review assignment involving a real property or personal property appraisal.
Standards 4 and 5 establish requirements for the development and reporting of real property consulting assignments.
Standard 6 establishes requirements for the development and reporting of mass appraisals.
Standards 7 and 8 establish requirements for the development and reporting of personal property appraisals.
Standards 9 and 10 establish requirements for the development and reporting of business or intangible asset appraisals.
USPAP also includes ten (10) Statements on Appraisal Standards which clarify, interpret, explain, or elaborate on a Standards Rule and which have the full weight of a Standards Rule and twenty three (23) Advisory Opinions which illustrate the applicability of appraisal standards in specific situations and offer advice from the Appraisal Standards Board for the resolution of appraisal issues and problems. Advisory Opinions do not establish or interpret existing standards.
The Appraisal Institute advocates equal opportunity and nondiscrimination in the appraisal profession and
conducts its activities in accordance with federal, state and local laws.
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