According to uspap, the appraiser, not the appraisers employer or client, is ultimately responsible for the access to the workfile for the prescribed period. Uniform appraisal standards for federal land acquisitions. For the purpose of the uniform standards of professional appraisal practice uspap. Uniform standards of professional appraisal practice uspap on behalf of appraisers and users of appraisal services. The material emphasizes the role of the appraiser, the appraisers impartiality associated with this role, and helps clarify concepts such as scope of work and when uspap applies.
Definitions, preamble, rules, standardsfive including standards rules, and. The 20082009 edition of uspap 20082009 uspap is effective january 1, 2008. Fourth exposure draft of changes for the 202021 uspap 1 table. The 2016 2017 uspap is now available free online the 2016 2017 edition of the uniform standards of professional appraisal practice uspap is now available free online.
The 2016 2017 edition of uspap 20162017 uspap is effective january 1, 2016 through december 31, 2017. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Definitions from uspap 20162017 flashcards quizlet. Authorized by congress as the source of appraisal standards and appraiser qualifications. Standards of professional practice ethics and standards. After the publication of the 2016 17 edition of uspap, a series of one discussion and three exposure drafts were. There are significant changes to the 2016 2017 document come find out how they affect your. The 20182019 uspap was adopted by the 2017 appraisal standards board on february 3, 2017. Uniform standards of professional appraisal practice uspap. Uniform standards of professional appraisal practice 20082009. Other edits to improve clarity and enforceability of uspap. Includes 20202021 uspap book please order student handbook through appraisal institute please register here.
The financial institutions reform, recovery and enforcement act of 1989 recognizes uspap as the generally accepted real property appraisal standards and requires uspap compliance for appraisers in federally related transactions. Composed of uspap and the ai certification standard, or ivsc plus applicable national standards and the ai certification statement. To access the free 2016 2017 uspap online edition, click here. Uspap was adopted by congress in 1989, and contains standards for all types of appraisal services, including real estate, personal property.
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