 |
 |
Member
Our Business Appraisals Conform to USPAP Standards Ensuring the Accuracy and Quality of Your Business Valuation
American ValueMetrics Corp has adopted USPAP standards (Uniform Standards of Professional Appraisal Practice) as its basic standard. These standards have been authorized by congress to apply to any appraisals involving federal use. This would include agencies and businesses to which federal regulatory laws apply, such as recipients of federal monies, federally insured lenders, and public agencies. They are mandatory for real estate appraisals, and though only recommended for business and personal property appraisals, have become de facto the accepted standards for these types of appraisals amongst reputable appraisal firms.
WHAT IS USPAP?
The Uniform Standards of Professional Appraisal Practice (USPAP) is the generally accepted standard for professional appraisal practices in North America. USPAP contains standards for real estate, personal property, business and mass appraisal.
USPAP sets standards for ethics, competency, and rules for departures from standards. The overall thrust is to enhance quality, protect clients’ privacy, ensure that appraisers are unbiased and do not benefit directly from their opinions (except for appropriate fees) and further sets specific standards for appraisal (valuation) of the various kinds of property listed above.
Specifics about USPAP can be obtained by a web search on the ‘USPAP’ search phrase.
ADDITIONAL AMERICAN VALUEMETRICS STANDARDS
Although it has adopted USPAP as the basic standard, American ValueMetrics Corp has adopted additional standards to further enhance the quality of its appraisals. Specifically:
- Its appraiser associates must be certified under the American ValueMetrics system. This involves coursework and an exam, and peer review of a submitted sample appraisal report.
Appraiser associates must have a graduate degree in an appropriate field (business, science, engineering, accounting) with specific coursework including courses in systems analysis or other problem solving methodologies, and statistics and probability. - Statistical analysis, where used, must meet stringent tests for theoretical soundness, applicability and relevance to prevent attempts to quantify the unquantifiable.
- Appraisal reports must be written in a manner that enables a clear understanding of the basis for the appraiser’s opinion, and support for the opinion. Reports that attempt to “snow” the reader are not acceptable.
- The "Definition of the Appraisal Problem" portion of the appraisal report must fully address the situation, special problems or situations encountered in establishing a value, and any limitations that the appraiser may face.
The end result is an accurate, reliable, and trusted business appraisal that helps you get the best price for your business (if you're selling a business) or the maximum value for your money (if you're buying a business).
Click here to contact us today or call 1-805-646-4960
For answers to any other questions you may have, visit our Frequently Asked Questions (FAQ) page, click here to contact us, or call us 1-805-646-4960.
American ValueMetrics
1585 South Loma Dr, Ojai, CA 93023
Phone: 805-646-4960 Fax: 805-715-7024