The goal of the Uniform Standards of Professional Appraisal Practice (USPAP) is to promote and maintain a high level of public trust in appraisal practice by establishing requirements for appraisers. With this goal in mind, the Appraisal Standards Board (ASB) regularly solicits and receives comments and suggestions for improving USPAP. Proposed changes are intended to improve USPAP understanding and enforceability, and thereby achieve the goal of promoting and maintaining public trust in appraisal practice.
The ASB is currently considering changes for the 2020- 21 edition of USPAP. All interested parties are encouraged to comment in writing to the ASB before the deadline of April 1, 2019. Respondents should be assured that each member of the ASB will thoroughly read and consider all comments. Comments are also invited during the ASB Public Meeting on April 5, 2019 in Kansas City, Missouri.
The ASB issued a First Exposure Draft in May 2018, a Second Exposure Draft in August 2018, and a Third Exposure Draft in December 2018, proposing potential changes for the 2020-21 edition of USPAP. These exposure drafts were based on comments received following the issuance of a Discussion Draft in January 2018, identifying potential areas of change for the 2020-21 edition of USPAP.
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