Uniform Standards of Professional Appraisal Practice (USPAP)
USPAP is the generally recognized ethical and performance standards for the appraisal profession in the United States. It is maintained by the and is referenced in federal frameworks for federally related real estate transactions, with updates issued periodically (e.g., the 2024 edition noted by the Foundation).
- Where it applies
- Federal
- When it comes up
- Underwriting;closing; portfolio monitoring (reappraisal triggers)
- Property types
- All real property appraisals (when applicable); especially lending and regulated contexts
In practice
USPAP is a standards regime; operator workflows should separate (a) valuation method selection from (b) compliance with reporting/development standards.
Related terms
Valuation and Appraisal
- Appraisal Standards of Professional Practice
- Capitalization Rate (Cap Rate)
- Direct Capitalization
- Discounted Cash Flow (DCF) Analysis
- Income Approach
- Present Value (PV)
- Sales Comparison Approach
General information, not legal, tax or financial advice.