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Highest Standards: The Mark of a Professional Appraiser

A key question to ask prior to engaging an appraiser, is whether or not her or she performs services in compliance with the current annual edition of the Uniform Standards of Professional Appraisal Practice (USPAP).

USPAP, published annually by the Appraisal Standards Board of The Appraisal Foundation, is the generally accepted set of standards of professional appraisal practice in North America. In addition, many professional appraisers in Europe, Central and South America, and Asia are also beginning to practice in compliance with USPAP.

In the United States, USPAP is recognized by state real estate appraiser licensing agencies, Federal bank regulatory agencies and many other Federal, state and local authorities.

Selecting an ethical appraiser who complies with USPAP is the consumer's best assurance that he or she is working with a professional who will provide quality services.

Any concern regarding the work of an appraiser should be reported. Contact the professional association(s) to which the appraiser belongs and, in the case of real estate appraisers in the United States, state appraiser licensing agencies for more information. These groups investigate complaints and assess disciplinary measures where wrongdoing is confirmed.

Independence, high standards and quality services are the marks of the professional appraiser!

 

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