The Appraisal Foundation Releases Video Previewing the Changes to the 2012-2013 Uniform Standards of Professional Appraisal Practice (USPAP)
Last week, The Appraisal Foundation released a free video, A Preview of Changes to the 2012-2013 Uniform Standards of Professional Appraisal Practice (USPAP). The video is a 23-minute interview with the 2011 Chair and Vice Chair of The Appraisal Foundation’s Appraisal Standards Board (ASB), J. Carl Schultz, Jr., and Barry Shea, respectively. The video is accompanied by a PowerPoint presentation.
The USPAP changes discussed in the video include:
Revisions to definitions of “client,” “extraordinary assumptions,” and “hypothetical condition,” as well as a new definition of “exposure time”
Creation of a new recordkeeping rule and related edits to the conduct section of the ethics rule
Revisions to advisory opinion 21, USPAP compliance
Revisions to standards 7 & 8: personal property appraisal, development & reporting
The Appraisal Foundation also has other new resources in its eLibrary, including a mock administrative hearing and an audio webinar on fair value measures.
The Appraisal Foundation announced that it plans to expand its eLibrary later this year with a videotaped session on green buildings and their valuation, coming in mid-fall 2011.
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