Uniform Standards of Professional Appraisal Practice (USPAP)

USPAP, the Uniform Standards of Professional Appraisal Practice, establishes ethical and performance requirements for appraisal practice in the United States. The Appraisal Standards Board of The Appraisal Foundation develops and updates USPAP, while state laws and regulations generally establish requirements for licensed and certified appraisers to comply with it.

USPAP addresses professional conduct, competency, scope of work, development and reporting requirements and other obligations that support credible appraisal practice. It also establishes requirements for appraisal review, mass appraisal and personal property appraisal.

In practice, USPAP affects how appraisers identify clients and intended users, determine an appropriate scope of work, maintain workfiles, disclose relevant services and interests and develop and communicate credible opinions and conclusions. For lenders, appraisal management companies and reviewers, USPAP provides a professional framework for evaluating whether an appraisal was properly developed and reported.