Posts Tagged: Uniform Standards of Professional Appraisal Practice

Valuation Management Group Discusses Uniform Standards of Professional Appraisal Practice and Value Approaches

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Occasionally, Valuation Management Group will receive an inquiry about the approaches to value and when they are or are not applicable. As most industry participants know, there are three typical approaches to value in an appraisal report:  Cost Approach, Sales Comparison Approach, and Income Approach, summarized as follows: Cost Approach – The current cost of… Read more »

USPAP – What is it Exactly?

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USPAP is the acronym for Uniform Standards of Professional Appraisal Practice.  You often hear the term USPAP, either in the context that an appraisal must be USPAP compliant or that an appraiser needs to make revisions to a report in order for the report to be compliant with USPAP.   The specific certifications that are found… Read more »