What are the operative words that establish the differences among the two uspap written report options?

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18-08-2022
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What are the operative words that establish the differences among the two uspap written report options?

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qwseagreen qwseagreen · Answer 1 · 2022-08-25T17:52:32+02:00

Summarize and State is the operative words that establish the differences between the two USPAP written report options. USPAP is the short form for the Uniform Standards of Professional Appraisal Practice. The Uniform Standards of Professional Appraisal Practice (USPAP) are the generally recognized ethical and performance standards for the appraisal profession in the United States.

The Uniform Standards of Professional Appraisal Practice (USPAP) was adopted by Congress in 1989, and contains standards for all types of appraisal services, including real estate, personal property, business, and collective appraisals. Compliance is required for state-licensed and state-certified appraisers involved in federally-related real estate transactions.

Learn more about the Uniform Standards of Professional Appraisal Practice (USPAP):

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