valuation

USPAP

USPAP, the Uniform Standards of Professional Appraisal Practice, is the set of ethical and performance standards for appraisers in the United States, developed by the Appraisal Standards Board of The Appraisal Foundation. Appraisals for federally related transactions must comply with USPAP. It covers ethics, competency, scope of work, record keeping, and reporting requirements. Real estate licensees performing broker price opinions or CMAs are generally not appraisers subject to USPAP unless state law says otherwise.