Appraisal Board Issues Proposed Changes to USPAP

Allison Tussey —  December 15, 2010 — 1 Comment

The Appraisal Standards Board (ASB) has issued the following Exposure Draft:

“Fourth Exposure Draft of proposed changes for the 2012-13 edition of the Uniform Standards of Professional Appraisal Practice and Request for Public Comment”

The goal of the Uniform Standards of Professional Appraisal Practice (USPAP) is to promote and maintain a high level of public trust in appraisal practice by establishing requirements for appraisers. With this goal in mind, the ASB regularly solicits and receives comments and suggestions for improving USPAP. Proposed changes are intended to improve USPAP understanding and enforcement, and thereby achieve the goal of promoting and maintaining public trust in appraisal practice.

The ASB is currently considering changes for the 2012-2013 edition of USPAP. All interested parties are encouraged to comment in writing to the ASB before the deadline of January 14, 2011. Respondents should be assured that each member of the ASB will thoroughly read and consider all comments. Comments are also invited at the ASB public meeting on January 21, 2011, in Scottsdale, Arizona.

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Allison Tussey

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One response to Appraisal Board Issues Proposed Changes to USPAP

  1. Oh pullleeeeeze!!! Real estate appraisal is pure fraud, always has been and always will be. As long as appraisers have no oversight, are self-employed and hired by commissioned salespeople, appraisals will be nothing but a rubber-stamp for the real estate/mortgage industry.

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