What is USPAP?

USPAP (pronounced “YOOS-pap”) is the Uniform Standards of Professional Appraisal Practice. It sets the standards for how real estate appraisals should be done and what it takes to be a professional appraiser, and it’s regulated by the Appraisal Standards Board (ASB) of the Appraisal Foundation, a non-governmental entity charged by Congress with implementing appraisal standards. … Read more