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USPAP Q&A's

These communications by the Appraisal Standards Board (ASB) do not establish new standards or interpret existing standards. The ASB USPAP Q&A is issued to state and territory appraisal regulators to inform all states and territories of the ASB responses to questions raised by regulators and individuals; to illustrate the applicability of the Uniform Standards of Professional Appraisal Practice (USPAP) in specific situations; and, to offer advice from the ASB for the resolution of appraisal issues and problems. The ASB USPAP Q&A do not constitute a legal opinion of the ASB.


For further information regarding USPAP Q&A, please contact:
John S. Brenan, Director of Appraisal Issues
john@appraisalfoundation.org
(202) 347-7722, ext. 3044
(202) 347-7727, fax

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2014-15 USPAP Q&A 1-6

  • “Verifying” Completion of an Appraisal
  • Assignment Results
  • Fannie Mae Form 1004
  • Use of Certification with Form 1004D/442
  • Use of Certification with Form 1004D/442
  • Applicable Edition of USPAP

2014-15 USPAP Q&A

2013 Q&A 1 – 3

  • Utilizing a Data Entry Service
  • Shelf-Life in an Appraisal or Appraisal Report
  • Templates or Forms used in Appraisal Review Assignments and USPAP Compliance 

2013 Q&A 4 -7

  • “Rebuttals” and Appraisal Reviews
  • Difference Between Appraisal and Appraisal Report
  • Signed and Dated Certification Requirement for an Oral Appraisal Review
  • Differing Scopes of Work

2013 Q&A 8

  • Subject Property Data and Confidentiality

2012 Q&A 1

  • Marketing Time on Appraisal Forms

2012 Q&A’s 2 – 3

  • Acting as an Appraiser
  • Personal Property Appraisal Consulting

2012 Q&A’s 4 – 6

  • Appraisal Fees for “Assessment Appeal” Assignments
  • Alternative Valuation Products
  • Appraising a Property More Than Once in Three Years

2012 Q&A’s 7 – 8

  • Date of Report
  • Date of Revised Report

2012 Q&As 9 – 14

  • Altering Appraisal Report Photographs
  • Disclosure of Prior Services
  • Encumbrances on Personal Property
  • Liens on Personal Property
  • Exposure Time Value Range
  • Replacement Cost Estimate
 

2011 Q&A's 1-7

  • Advisory Opinion 13 (AO-13) Guidance
  • Use of Distress Sales in Real Property Market Value Appraisals
  • Does a Request for a "Final Inspection" Require Disclosure of Prior Services?
  • Does Utilizing a Property as a Comparable Sale Require Disclosure of Prior Services?
  • Adding a "Disclaimer" for Disclosure of Prior Services
  • Revising Pre-Printed Certification to Disclose Prior Services
  • Appraisal Fee Based on Outcome of Assignment 

 

 

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