Includes 20202021 uspap book please order student handbook through appraisal institute please register here. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Uniform standards of professional appraisal practice uspap on behalf of appraisers and users of appraisal services. Definitions from uspap 20162017 flashcards quizlet. Uniform standards of professional appraisal practice uspap. Authorized by congress as the source of appraisal standards and appraiser qualifications. The uniform standards of professional appraisal practice uspap is the generally recognized ethical and performance standards for the appraisal profession in the united states. Standards of professional practice ethics and standards. Uspap was adopted by congress in 1989, and contains standards for all types of appraisal services, including real estate, personal property.
Composed of uspap and the ai certification standard, or ivsc plus applicable national standards and the ai certification statement. The 20082009 edition of uspap 20082009 uspap is effective january 1, 2008. The 2016 2017 uspap is now available free online the 2016 2017 edition of the uniform standards of professional appraisal practice uspap is now available free online. Fourth exposure draft of changes for the 202021 uspap 1 table. There are significant changes to the 2016 2017 document come find out how they affect your.
To access the free 2016 2017 uspap online edition, click here. Uniform appraisal standards for federal land acquisitions. Uniform standards of professional appraisal practice 20082009. For the purpose of the uniform standards of professional appraisal practice uspap. After the publication of the 2016 17 edition of uspap, a series of one discussion and three exposure drafts were. The 20162017 uspap is now available free online the 20162017 edition of the uniform standards of professional appraisal practice. Other edits to improve clarity and enforceability of uspap. The 20182019 uspap was adopted by the 2017 appraisal standards board on february 3, 2017. The financial institutions reform, recovery and enforcement act of 1989 recognizes uspap as the generally accepted real property appraisal standards and requires uspap compliance for appraisers in federally related transactions. According to uspap, the appraiser, not the appraisers employer or client, is ultimately responsible for the access to the workfile for the prescribed period. Definitions, preamble, rules, standardsfive including standards rules, and. The 20162017 uspap is available free online icapweb. The 2016 2017 edition of uspap 20162017 uspap is effective january 1, 2016 through december 31, 2017.
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