USPAP Standards – Generally Accepted Appraisal Standards

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 acceptedstandards for professional appraisal practices in North America. USPAP contains standards for real estate, personal property, business and mass appraisal.

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