Review: USPAP in Plain English

  • December 19, 2006
  • • Written by: Michael Y. Cannon, CRE

Winter 2006-2007, Vol 31 No 3

Abstract: This guidebook to the 2006 Uniform Standards of Professional Appraisal Practice explains new and updated definitions—including definitions for appraisal, appraiser’s peers and scope of work—and identifies key areas of USPAP that have changed, focusing on matters related to residential appraisal work. The standards include a major revision that shifts the responsibility of the appraisal process from the client or intended user to the appraiser, as emphasized in the scope-of-work rule.