Relevant USPAP & Advisory References (AO-26)

• The Confidentiality and Conduct sections of the ETHICS RULE.

• Standards Rules such as 1-2(a) and 1-2(b); 7-2(a) and 7-2(b); and 9-2(a), which require an appraiser to identify the client, intended users, and intended use.

• Standards Rules such as 2-1(a), 8-1(a), 10-1(a), which require an appraiser to clearly and accurately set forth the appraisal in a manner that is not misleading.

• SCOPE OF WORK RULE, which requires an appraiser to ascertain whether other laws or regulations apply to the assignment in addition to USPAP.

• Statement on Appraisal Standards No. 9 (SMT-9), which requires the appraiser to identify and disclose the client and intended users and the intended use in an appraisal, appraisal review, or appraisal consulting assignment.

• Statement on Appraisal Standards No. 10 (SMT-10), which describes applicability of USPAP in federally related transactions.

• Advisory Opinion 25, which covers clarification of the client in a federally related transaction.

• Advisory Opinion 27, which addresses appraising the same property for a new client.

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