Why USPAP
The Standards of Real Estate Appraisal
The Uniform Standards of Professional Appraisal Practice, known as USPAP, include the accepted standards for professional appraisal practice in North America. It defines the guidelines for all types of appraisal services. There are specific standards that apply to real estate appraisals. Their purpose is to promote and maintain a high-level of service in the real estate field.
How does USPAP affect your career as an appraiser? As a licensed or certified appraiser, you must comply and perform your appraisals according to these standards. By following these guidelines, you ensure that you are qualified to offer fair and accurate appraisal services.
History of USPAP
Prior to 1987, there was no universal set of standards when it came to real estate appraisal. To promote fair business practices and prevent fraudulent activities, eight U.S.-based organizations and one Canadian company formed a committee and created USPAP. Developed in 1986 by the Ad Hoc Committee on Uniform Standards and copyrighted in 1987 by The Appraisal Foundation, USPAP forms the guidelines that are followed by every real estate appraiser in the United States.
Its purpose is to create a minimum set of criteria that professional appraisers conform to, as well as develop uniform standards that are recognized in the marketplace.
How Allied Helps
Allied provides you with the USPAP classes you need. We can help you stay current with our comprehensive courses that cover the standards and guidelines of real estate appraisal. All course instructions and assignments are designed specifically for distance education, allowing you to effectively learn USPAP from the privacy of your own home. The self-paced, user-friendly courses provide you with the training you need to succeed.