The Appraisal Standards Board (ASB) of The Appraisal Foundation develops, publishes, interprets, and amends the Uniform Standards of Professional Appraisal Practice (USPAP) on behalf of appraisers and users of appraisal services. The 2006 Edition of USPAP (2006 USPAP) is effective July 1, 2006.
The 2006 USPAP has five sections: DEFINITIONS, PREAMBLE, Rules, Standards and Standards Rules, and Statements on Appraisal Standards.
For convenience of reference, this document also contains this Foreword, Advisory Opinions and an Index. These reference materials are forms of “Other Communications” provided by the ASB for guidance only and are not part of USPAP.
It is important that individuals understand and adhere to changes in each edition of USPAP. State and federal regulatory authorities enforce the content of the current or applicable edition of USPAP.
These Standards are based on the original Uniform Standards of Professional Appraisal Practice developed in 1986–87 by the Ad Hoc Committee on Uniform Standards and copyrighted in 1987 by The Appraisal Foundation. The effective date of the original Uniform Standards was April 27, 1987. Prior to the establishment of the ASB in 1989, USPAP had been adopted by major appraisal organizations in North America. USPAP represents the generally accepted and recognized standards of appraisal practice in the United States.
At its organizational meeting on January 30, 1989, the Appraisal Standards Board unanimously approved and adopted the original USPAP as the initial appraisal standards promulgated by the ASB. USPAP may be amended, interpreted, supplemented, or retired by the ASB after exposure to the appraisal profession, users of appraisal services, and the public in accordance with established rules of procedure.
The ASB issues guidance in the form of Advisory Opinions. These communications do not establish new Standards or interpret existing Standards and are not an integral part of USPAP. They illustrate the applicability of Standards in specific situations and offer advice from the ASB for the resolution of appraisal issues and problems.
The ASB also responds to questions with guidance issued in a question and answer format. The “USPAP Q&A” is published monthly and available on The Appraisal Foundation website. These are compiled and published in a Frequently Asked Questions document.
Over the years, the USPAP document has evolved in content and organizational structure in response to changes in appraisal practice. The ASB has developed a process for developing both Standards and guidance based, in part, on written comments submitted in response to exposure drafts and oral testimony presented at public meetings.
The ASB invites commentary on USPAP and proposed changes to USPAP from all interested parties, including appraisers, professional appraisal organizations, users of appraisal services, educators, regulators and state enforcement agencies.
If you have any comments, questions, or suggestions regarding USPAP, please contact the ASB.
Past
Appraisal Standards Board Officers and Members
1989 Board MembersCharles B. Akerson -
Chair John J. Leary - Vice
Chair Sherwood Darington Daniel A. Dinote, Jr. John L. Gadd 1990 Board MembersJohn J. Leary - Chair Sherwood Darington -
Vice Chair Daniel A. Dinote, Jr. John L. Gadd Charles B. Akerson 1991 Board MembersJohn J. Leary - Chair Sherwood Darington -
Vice Chair Daniel A. Dinote, Jr. John L. Gadd Charles B. Akerson 1992 Board MembersJohn J. Leary - Chair Sherwood Darington -
Vice Chair Daniel A. Dinote, Jr. John L. Gadd Ritch LeGrand 1993 Board MembersRitch LeGrand - Chair Sherwood Darington -
Vice Chair Daniel A. Dinote, Jr. John L. Gadd John J. Leary 1994 Board MembersSherwood Darington -
Chair Daniel A. Dinote, Jr.
- Vice Chair Tim Leberman John J. Leary Ritch LeGrand
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1995 Board MembersSherwood Darington -
Chair Tim Leberman - Vice Chair Daniel A. Dinote, Jr. W. David Snook Laurie Van Court 1996 Board Members
W. David Snook - Chair Laurie Van Court - Vice
Chair Stephanie Coleman Tim Leberman 1997 Board MembersW. David Snook - Chair Laurie Van Court - Vice
Chair Stephanie Coleman Kenneth J. Kaiser Tim Leberman 1998 Board MembersTim Leberman - Chair Kenneth J. Kaiser - Vice
Chair Stephanie Coleman Yale Kramer W. David Snook Laurie Van Court 1999 Board MembersKenneth J. Kaiser - Chair Tim Leberman - Vice Chair Yale Kramer Lawrence E. Ofner W. David Snook Laurie Van Court 2000 Board MembersKenneth J. Kaiser - Chair Yale Kramer Lawrence E. Ofner W. David Snook Richard A. Southern Laurie Van Court *No Vice Chair
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2001 Board MembersKenneth J. Kaiser - Chair Richard A. Southern -
Vice Chair Thomas O. Jackson Carla G. Glass Lawrence E. Ofner Danny K. Wiley 2002 Board MembersDanny K. Wiley - Chair Lawrence E. Ofner - Vice
Chair Carla G. Glass Thomas O. Jackson Kenneth J. Kaiser Richard A. Southern
2003 Board Members
Danny K. Wiley - Chair Lawrence
E.Ofner - Vice Chair Gregory J. Accetta Carla G. Glass Paula K. Konikoff Dawn M. Molitor-Gennrich
2004 Board Members
Danny K. Wiley – Chair Carla G. Glass – Vice
Chair Gregory J. Accetta Paula K. Konikoff Dawn M. Molitor-Gennrich Lawrence E. Ofner |
