Uniform Standards of Professional Appraisal Practice
USPAP is a set of national Standards that is applicable for most U.S. appraisals and is developed by the Appraisal Standards Board (ASB) of The Appraisal Foundation.
USPAP is a set of standards that appraisers must follow in order to maintain a high level of public trust. This is achieved by establishing requirements for appraisers, which are revised every two years by the Appraisal Standards Board of the Appraisal Foundation.
THE APPRAISAL STANDARDS BOARD
The organization sets the Congressionally authorized standards and qualifications for real estate appraisers and provides voluntary guidance on recognized valuation methods and techniques for all valuation professionals. The aim is to ensure appraisals are independent, consistent, and objective.
THE APPRAISAL FOUNDATION
It is the nation’s foremost authority on the valuation profession. The organization sets the Congressionally authorized standards and qualifications for appraisers. This work advances the profession by ensuring that appraisals are independent, consistent, and objective.
The mission of The Appraisal Foundation is to advance the valuation profession by setting standards of excellence, promoting education and upholding the public trust.