Appraisal Standards of Professional Practice
Appraisal practice standards establish requirements for the development and reporting of analyses, opinions, and conclusions in valuation work. The describes how practice standards support trust in valuation and references USPAP as an example of a national standard.
- Where it applies
- Generally, not specific to New York
- When it comes up
- Underwriting; transaction diligence; refinancing; portfolio monitoring
- Property types
- All property types
In practice
In lending contexts, appraisal standards intersect with lender underwriting standards; discrepancies can drive value disputes.
Related terms
Valuation and Appraisal
- Capitalization Rate (Cap Rate)
- Direct Capitalization
- Discounted Cash Flow (DCF) Analysis
- Income Approach
- Present Value (PV)
- Sales Comparison Approach
- Uniform Standards of Professional Appraisal Practice (USPAP)
General information, not legal, tax or financial advice.