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 as it continually works to develop, interpret and amend USPAP as needed. 

Based on feedback, prior exposure drafts, the ASB’s own internal tracking of recent past changes to USPAP, and other sources, the ASB is currently considering changes for the 2023 edition of USPAP. Please note this edition will be labeled 2023 USPAP, but its end date will be determined sometime after adoption of the changes. Due to the lengthy process involved in promulgating new editions of USPAP, the public will be given sufficient time in advance of a new edition of USPAP becoming effective.

The Second Exposure Draft continues to propose adding an interpretation within the ETHICS RULE and a change related to what information, at a minimum, an appraisal report must contain if one or more inspections are performed as part of the scope of work.

This Exposure Draft also includes a proposed clarification to a development and reporting requirement relating to transfers of a property. Lastly, there are proposed modifications and/or deletions of some definitions and minor edits to the USPAP publication. If you have any questions, please contact the Board at ASB@appraisalfoundation.org.

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

Michelle Czekalski Bradley
Chair, Appraisal Standards Board

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

Question Title

* How would you like to comment?

 
10% of survey complete.

T