Uniform Standards of Professional Appraisal Practice


Also found in: Acronyms, Wikipedia.

Uniform Standards of Professional Appraisal Practice (USPAP)

Requirements of the Appraisal Foundation (www.appraisalfoundation.org) regarding appraisal ethics, record keeping, methodology, research, reporting, and client interaction. The Standards have undergone recent revisions simplifying the appraisal process and conforming its practices to modern realities.

References in periodicals archive ?
Former Associate members seeking readmission to the Appraisal Institute must provide proof that they have taken and passed the 15-hour Uniform Standards of Professional Appraisal Practice Course (or the seven-hour version, if eligible) and have taken the Business Practices and Ethics Course within the four years prior to readmission.
Title XI required that the Federal Reserve Board adopt appraisal standards in its regulation that incorporated the appraisal standards in the Uniform Standards of Professional Appraisal Practice (USPAP).
Fine Art Asset Management's appraisals comply with both the Uniform Standards of Professional Appraisal Practice (USPAP) and IRS requirements for donation, probate, and estate planning, as well as appraisals for insurance, loss/damage, and divorce purposes.
He claimed that he and other appraisers were directed to follow practices in violation of Uniform Standards of Professional Appraisal Practice and other requirements, which led to inflated appraisals being used for loans connected with the Federal Housing Administration, the U.
At the Board hearing, Kokomo Mall presented an appraisal that was completed under the Uniform Standards of Professional Appraisal Practice (USPAP).
Since the 1980s, appraisals have been developed within and adhere to Uniform Standards of Professional Appraisal Practice (USPAP).
The 2010-2011 Uniform Standards of Professional Appraisal Practice will be effective on Jan.
It builds on the classical appraisal process and describes how this valuation model has been refined by the Uniform Standards of Professional Appraisal Practice.
2: Long Island Chapter Of the Appraisal Institute will hold the national Uniform Standards of Professional Appraisal Practice (USPAP) 7 hour update course at Citibank Conference Center, 1 Reckson Plaza, Uniondale, from 8:30 am to 5:00 p.
To earn the organization's AM or ASA designation, a CPA/ABV also must satisfy ASA experience and membership requirements, receive approval--after a rigorous peer review process--of two appraisal reports he or she has prepared and pass both an ethics examination and the Uniform Standards of Professional Appraisal Practice (USPAP) course and examination.
Geographic competency is governed by the Competency Rule of the Uniform Standards of Professional Appraisal Practice (USPAP) and has been a topic of great discussion in the residential mortgage lending industry.
Pursuant to Division II (Rental Housing) of the Procedures, CHFA contracts with independent professionals to obtain market studies and appraisals in accordance with the Uniform Standards of Professional Appraisal Practice ( USPAP ) published by the Appraisal Standards Board of the Appraisal Foundation, for all multifamily housing developments being considered for financing by CHFA.

Full browser ?