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Acting as an appraiser means... -Representing oneself as an appraiser
- An expectation of appraisal competence in the service being provided
- An expectation that the service will be provided in a manner that is independent, impartial, and
objective
Purpose of USPAP To promote and maintain a high level of public trust in appraisal
practice by establishing requirements for appraisers.
USPAP is required by -Law
-Regulation
-Agreement (with the client or other intended users)
Property Types covered under USPAP -Tangible Property (both real and personal
property)
-Intangible Property (Business interests and others)