UNIFORM STANDARDS OF PROFESSIONAL APPRAISAL PRACTICE
TABLE OF CONTENTS
 

DEFINITIONS

PREAMBLE

ETHICS RULE

COMPETENCY RULE

SCOPE OF WORK RULE

JURISDICTIONAL EXCEPTION RULE

 

Standards and Standards Rules

STANDARD 1:

REAL PROPERTY APPRAISAL, DEVELOPMENT

STANDARD 2:

REAL PROPERTY APPRAISAL, REPORTING

STANDARD 3:

APPRAISAL REVIEW, DEVELOPMENT AND REPORTING

STANDARD 4:

REAL PROPERTY APPRAISAL CONSULTING, DEVELOPMENT

STANDARD 5:

REAL PROPERTY APPRAISAL CONSULTING, REPORTING,

STANDARD 6:

MASS APPRAISAL, DEVELOPMENT AND REPORTING

STANDARD 7:

PERSONAL PROPERTY APPRAISAL, DEVELOPMENT

STANDARD 8:

PERSONAL PROPERTY APPRAISAL, REPORTING

STANDARD 9:

BUSINESS APPRAISAL, DEVELOPMENT

STANDARD 10:

BUSINESS APPRAISAL REPORTING

 

Statements on Appraisal Standards

Statements on Appraisal Standards (SMT) are authorized by the by-laws of The Appraisal Foundation and are specifically for the purposes of clarification, interpretation, explanation, or elaboration of the Uniform Standards of Professional Appraisal Practice (USPAP). Statements have the full weight of a Standards Rule and can be adopted by the Appraisal Standards Board only after exposure and comment.

 

Each Statement is labeled as to its applicability to the various appraisal disciplines. The abbreviations are:

SMT-1

Appraisal Review - Clarification of Comment on Standards Rule 3-1(g) - (Retired)

SMT-2

Discounted Cash Flow Analysis (RP)

SMT-3

Retrospective Value Opinions (RP, PP)

SMT-4

Prospective Value Opinions (RP, PP)

SMT-5

Confidentiality Section of the ETHICS RULE - Retired

SMT-6

Reasonable Exposure Time in Real Property and Personal Property Market Value Opinions (RP, PP)

SMT-7

Permitted Departure from Specific Requirements in Real Property and Personal Property Appraisal Assignments - Retired

SMT-8

Electronic Transmission of Reports - Retired

SMT-9

Identification of the Client's Intended Use and Intended User (ALL)

SMT-10

Assignments for Use by a Federally Insured Depository Institution in a Federally Related Transaction - Retired

 

TABLE OF CONTENTS

 

 

USPAP 2008–2009 Edition
©The Appraisal Foundation