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National USPAP Courses - Overview
Click Here for USPAP Course Schedule Throughout California
Click Here for Link to 2010-2011 USPAP Changes
USPAP Monthly
Q&A's...
USPAP Advisory Opinions...
The National USPAP Courses focus on the requirements for
ethical behavior and competent performance by appraisers that are set forth in
the
Uniform Standards of Professional Appraisal Practice (USPAP).
The Courses are developed by the Appraisal Foundation with assistance from the
Educational Council of Appraisal Foundation Sponsors (ECAFS) and they are
revised on a periodic basis to stay current with the latest addition of USPAP.
Each Student must have a copy of the current USPAP
document, which provides the framework for the course and is referred to
throughout the course.. The primarily objective is that participants
become familiar with the USPAP document.
In addition to lectures, the course includes discussion
problems that show how USPAP applies in situations that appraisers encounter in
everyday practice.
USPAP has been endorsed and adopted by major appraisal
organizations in the United States. As required by federal law, USPAP must
be used by States in their real estate appraiser certification programs.
Call now for more information...
(866) 944-8583 Ext. 702
The 2010-2011 edition of USPAP will be
valid for two years, effective January 1, 2010 through
December 31, 2011. The new edition also includes guidance from the ASB in the
form of the USPAP Advisory Opinions and the USPAP
Frequently Asked Questions (FAQs)
>>
Changes to
the Conduct Section of the ETHICS RULE requiring
disclosure of prior appraisals (and other services) in
the preceding 3 years.
By far the USPAP change having the
greatest potential impact on the Appraiser is a new ETHICS
RULE
requirement calling for appraisers to disclose to potential Clients,
any prior appraisals (or other services rendered) of the
subject property, provided in the 3 years immediately
preceding acceptance of the assignment.
This rule
requires disclosure prior to acceptance of the assignment
(or upon discovery - if discovered at any time during the
completion of the assignment). It is also required that the
appraiser disclose this information again in the report
Certification.
In commonly used
“form reports” such as the 1004, a supplemental certification will need to be
added to the report when making this disclosure. While prohibited from “deleting or
modifying” certifications, appraisers are not prohibited
from adding supplementary certifications that do not
constitute deletion or material alteration of existing
certifications.
If an appraiser
has provided a previous service with regard to the subject
property, the appraiser must disclose this information prior
to acceptance of the assignment (or upon discovery) and then
again in the report's certification. Appraisers
should use a statement similar in content to the following:
Sample Comments
I HAVE
PERFORMED A PRIOR APPRAISAL OF THE SUBJECT PROPERTY WITHIN
THE 3 YEAR PERIOD IMMEDIATELY PRECEDING ACCEPTANCE OF THIS
APPRAISAL ASSIGNMENT.
I PREVIOUSLY
APPRAISED THE PROPERTY, THAT IS THE SUBJECT OF THIS
ASSIGNMENT, WITHIN THE 3 YEAR PERIOD IMMEDIATELY PRECEDING
ACCEPTANCE OF THIS APPRAISAL ASSIGNMENT.
I HAVE
PERFORMED A PRIOR SERVICE (note type of service)
CONCERNING THE SUBJECT PROPERTY
WITHIN THE 3 YEAR PERIOD IMMEDIATELY PRECEDING ACCEPTANCE OF
THIS APPRAISAL ASSIGNMENT.
The requirement
does NOT specifically require the appraiser to certify that
no prior appraisals or services were provided in the
last 3 years, however, in
the spirit of the Certification, an appraiser may add
(or the Client might request) a supplemental certification that is similar in content to the
following:
SUPPLEMENTAL CERTIFICATION
DISCLOSURE OF
PRIOR APPRAISAL AND/OR OTHER SERVICES:
I CERTIFY THAT, TO
THE BEST OF MY KNOWLEDGE AND BELIEF:
I HAVE NOT
PERFORMED ANY PRIOR SERVICES REGARDING THE SUBJECT PROPERTY,
AS AN APPRAISER, OR IN ANY OTHER CAPACITY, WITHIN THE 3 YEAR
PERIOD IMMEDIATELY PRECEDING ACCEPTANCE OF THIS APPRAISAL
ASSIGNMENT.
Click to Order 2010-2011 USPAP from the Appraisal Foundation
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