Introduction

The goal of the Uniform Standards of Professional Appraisal Practice (USPAP) is to promote and maintain a high level of public trust in appraisal practice by establishing requirements for appraisers.  With this goal in mind, the Appraisal Standards Board (ASB) regularly solicits and receives comments and suggestions for improving USPAP.  Proposed changes are intended to improve USPAP understanding and enforcement, and thereby achieve the goal of promoting and maintaining public trust in appraisal practice.

Based on feedback, prior exposure drafts, and other sources, the ASB is currently examining potential areas of change for the 2023 edition of USPAP. The ASB recognizes that changes to USPAP can have far-reaching impacts on appraisers, users of appraisal services, and others. To better enable us to consider the potential impact of changes on all stakeholders, we are asking for your help. The ASB believes it is fulfilling its work plan and addressing the needs of appraisers and users of appraisal services by exploring the following:
  • Review of Requirements about Disclosing a Personal Inspection
  • SIGNIFICANT APPRAISAL ASSISTANCE
  • MISLEADING
  • ETHICS RULE – CONDUCT Requirements Related to Demographic Characteristics
Please note, the ASB is studying other issues as well, which may be included in future Exposure Drafts.

Of paramount importance to the Board when considering any potential revisions to USPAP is the issue of public trust. The umbrella of public trust, therefore, remains the primary consideration of the ASB in putting forth the concepts contained in this document.

We will host a webinar to discuss this Discussion Draft on June 10, 2021 at 1:00 PM ET (10:00 AM PT). Register here to attend the webinar. 

Please comment by July 23, 2021. Each member of the ASB will thoroughly read and consider all comments.

If you have any questions, please contact the Board at ASB@appraisalfoundation.org.

On behalf of the ASB, thank you for taking time to review and respond to this discussion draft.

Wayne R. Miller
Chair, Appraisal Standards Board

You can upload a pdf of your comments, comment on the entire Discussion Draft, or comment on each section.

Question Title

* 1. How would you like to comment?

 
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