1.           Advisory Opinions Not Part of USPAP

 

Question:

Is it true that the Advisory Opinions are not part of USPAP?

Response:

Yes. The Advisory Opinions, which are published in the same document as the Standards and Statements, are a form of “other communications” issued by the Appraisal Standards Board (ASB). Advisory Opinions are issued to illustrate the applicability of appraisal standards in specific situations and to offer advice from the ASB for the resolution of appraisal issues and problems.

 

 

 

 

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USPAP 2008–2009 Edition
©The Appraisal Foundation