Real Estate Appraisers determine the value of real property by employing a series of set methods. The Uniform Standards of Professional Appraisal Practice (USPAP) are the generally accepted standards for professional appraisal practice in North America. USPAP contains standards for all types of appraisal services. Standards are included for real estate, personal property, business and mass appraisal.

The course explains in detail the standards of USPAP set by the Appraisal Foundation. It is the required course for understanding how the appraisal business is to be conducted.

COURSE OBJECTIVES

At the conclusion of this course, students will be able to

• Define terms set forth in USPAP
• Understand USPAP's Ethics Rule
• List the competency requirements to be met before accepting an assignment
• Identify the circumstances under which an appraiser may depart from certain specific appraisal requirements
• Recognize the applicability of the Jurisdictional Exception Rule
• Describe the importance of the scope of work decision
• Demonstrate familiarity with topics covered in the 10 Standards