What Makes an Appraisal Worthy of Belief? USPAP!
(by William M. Novotny, AQB Certified USPAP Instructor) The Uniform Standards of Professional Appraisal Practice (USPAP) establish minimum requirements for appraisers in order that they are better able to act ethically and competently when serving the public. By complying with USPAP, appraisers can clearly demonstrate to clients that their opinions, analyses and conclusions are worthy of belief—a benchmark by which public trust in the appraisal procession is measured.
But more than appraisal skill and expertise are required to render credible appraisal assignment results. In order to consider the assignment results credible enough to be relied upon, clients must believe that the appraiser has performed the assignment in an ethical, competent, objective and unbiased manner. By complying with USPAP and certifying in the assignment report that they do so, the appraiser provides the client with reason for having such a belief.
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