Question:

In addition to my job as an appraiser, I spend a significant amount of my professional time as an instructor of appraisal courses and seminars.  One of the prerequisites for my teaching position is that I must also be a practicing appraiser. Am I subject to USPAP when I am teaching appraisal courses?

Response:

Yes you are. Since you are acting in the role of an appraiser in these teaching assignments, you are engaged in “Appraisal Practice,” which is defined in USPAP as:

Valuation services performed by an individual acting as an appraiser, including, but not limited to, appraisal, appraisal review, or appraisal consulting. (Bold added for emphasis)

While USPAP does not include Standards Rules for teaching assignments, you must observe applicable requirements in the PREAMBLE, ETHICS RULE, COMPETENCY RULE and JURISDICTIONAL EXCEPTION RULE.

See Advisory Opinion 21, USPAP Compliance for discussion of the application of USPAP in valuation services.