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NOTICE: Extension of Current USPAPThe Appraisal Standards Board voted on August 11, 2022 to extend the effective date of the current 2020-21 USPAP through December 31, 2023. Click here to learn more.
 What is USPAP?The Uniform Standards of Professional Appraisal Practice (USPAP) is the generally recognized ethical and performance standards for the appraisal profession in the United States. USPAP was adopted by Congress in 1989, and contains standards for all types of appraisal services, including real estate, personal property, business and mass appraisal. Compliance is required for state-licensed and state-certified appraisers involved in federally-related real estate transactions. To become a real property appraiser in the United States, appraisers must take the 15-Hour National USPAP Course (or its equivalent). Additionally, real property appraisers must take the 7-Hour National USPAP Update Course (or its equivalent) once every two calendar years. Please visit our Q&A webpage to review USPAP Q&As, and visit our store to purchase USPAP or a course Student Manual. Additionally, the Foundation, in partnership with the U.S. Department of Justice, is the publisher of the Uniform Appraisal Standards for Federal Land Acquisitions, commonly known as the "Yellow Book." View the Summary of Actions and Detailed Summary of adopted changes for the 2020-21 edition of USPAP. You can also view Past Summary of Actions for past editions of USPAP. The Real Property Development, Real Property Reporting and Appraisal Review Standards of the Uniform Standards of Professional Appraisal Practice (USPAP) (collectively known as “Standards”) have been cited by the federal financial institution regulatory agencies in their rulemaking for implementing Title XI of the Financial Institution Reform, Recovery and Enforcement Act (FIRREA) and are hereby provided to the public. In addition to these Standards, USPAP contains Standards for mass appraisal, personal property and business valuation. The USPAP book also includes important guidance in the form of Advisory Opinions and Frequently Asked Questions. Please visit these links to purchase your copy of the complete book today! eUSPAP Tutorial The eUSPAP has enhanced features available in print and electronic versions. The enhanced print version includes cross-references to applicable FAQs. Additionally, the electronic version includes hyperlinks to FAQs and other relevant references throughout the document, as well as a hyperlinked table of contents, footnotes, and index. Click on the image to the left to watch this video on our YouTube
page. USPAP Updates Explained - Hear About Changes in the 2020-2021 USPAP!
Wayne Miller, Chair of the Appraisal Standards Board, and John Brenan, Vice President, Appraisal Issues at The Appraisal Foundation, discuss how the adopted changes for the 2020-21 edition of USPAP balance appraiser flexibility while still protecting the public trust. Click on the image to the right to view this video on our YouTube page. FAQsHow can I impact USPAP revisions?The Appraisal Standards Board (ASB) actively seeks the input of appraisers, their clients, users of appraisal services, and regulators. The ASB welcomes all comments and questions on USPAP and receives numerous telephone, electronic, and written inquiries. In response, the ASB communicates directly with hundreds of individuals each year. In accordance with its public charge, the ASB is required to issue exposure drafts of all proposed revisions to USPAP Standards and statements. In addition, though its not required, most Advisory Opinions are also publicly exposed for comment. All exposure drafts are posted on the Foundation website and are available free of charge by contacting the Foundation directly. Interested parties can contribute to this process by submitting written comments to [email protected] or by offering oral testimony at an ASB public meeting. How is USPAP enforced?Although the ASB writes, amends, and interprets USPAP, the Board does not enforce USPAP. Through FIRREA, the federal government has mandated that the states enforce real property appraiser compliance with USPAP. Professional appraisal associations also have the legal authority to enforce USPAP compliance by their members. In addition, many users of appraisal services (such as lenders, mortgage companies, etc.) have adopted USPAP and require employee or contract appraiser compliance to USPAP. Complaints regarding real property appraisers should be directed to the state(s) in which they are licensed or certified. For more information about filing a complaint against a real property appraiser, please visit our Enforcement and Complaints webpage. Complaints about an appraiser of any other discipline, such as personal property or business valuation, should be forwarded to the professional organization to which the appraiser belongs (when applicable). Brochures Related to USPAP
Charts Related to USPAPWhat are the two report types permitted by the USPAP?The USPAP guidelines have recognized two types of reports for appraisals: the appraisal report and the restricted appraisal report.
What reporting process is preferred for most residential appraisals?The Uniform Residential Appraisal Report (URAR) is the most commonly used single-family appraisal form, and it is also known as Form 1004.
Does USPAP require an appraiser to produce an appraisal report that is free of typographical and grammatical errors?It is not necessary for the appraisal report to contain sufficient information so that anyone can understand it. USPAP only requires you to write the report with intended users in mind. Simplify the appraisal process.
What is a selfSelf-contained appraisal report: Contains all information needed for solution of the appraisal problem. Summary appraisal report: contain only a summary of the information used to prepare the appraisal.
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What type of report does uspap require an appraiser to use when appraising a single-family property?
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