Blog
Posts Tagged ‘USPAP’
October 18, 2011 The Appraisal Foundation Releases the 2012-2013 Edition of USPAP
The Appraisal Foundation, a congressionally authorized non-profit organization dedicated to the advancement of professional valuation, announced that it has released the 2012-2013 edition of the Uniform Standards of Professional Appraisal Practice (USPAP). USPAP is the generally accepted standards of practice for the appraisal profession in the United States. The 2012-2013 edition of USPAP is valid for [...]
March 10, 2011 Appraisal Subcommittee to Study the Establishment of a National Appraisal Complaint Hotline as Required by Dodd-Frank Act
As part of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which was put into effect last July, a National Appraisal Complaint Hotline was supposed to be put into place within six months after the date of enactment, if such a hotline didn’t exist. The Act required that the Appraisal Subcommittee (ASC) of the [...]
December 16, 2010 The Appraisal Foundation Releases Fourth Exposure Draft of proposed changes for the 2012-2013 Edition of USPAP
On December 10, 2010, The Appraisal Foundation’s Appraisal Standards Board (ASB) released the fourth exposure draft of proposed changes for the 2012-2013 edition of the Uniform Standards of Professional Appraisal Practice (USPAP), and requests public comment. The goal of USPAP is to promote and maintain a high level of public trust in appraisal practice by [...]
September 23, 2010 Who Needs a Certified Machinery and Equipment Appraisal? Part 2
We have discussed in numerous posts reasons why you should always rely on a certified machinery and equipment appraiser (CMEA). To reduce your risk of liability, you should be sure that the appraisal is conducted by a certified professional. CMEAs meet all government training requirements, and will provide appraisal reports that are USPAP compliant and [...]
September 21, 2010 Who Needs a Certified Machinery and Equipment Appraisal? Part 1
We have discussed in numerous posts reasons why you should always rely on a certified machinery and equipment appraiser (CMEA). To reduce your risk of liability, you should be sure that the appraisal is conducted by a certified professional. CMEAs meet all government training requirements, and will provide appraisal reports that are USPAP compliant and [...]
September 9, 2010 Three Things to Think About When Engaging a Machinery and Equipment Appraiser
An error in a machinery and equipment appraisal can be costly. You should have confidence that the appraisal values are accurate and are backed by evidence to support the fair market value, fair value, orderly liquidation value, or forced liquidation value. These three factors can help ensure that your machinery and equipment appraisal report will [...]
August 19, 2010 The 7-Step Scope of Work for a Typical Machinery and Equipment Appraisal
As part of a typical machinery and equipment appraisal, the appraiser will outline the scope of work involved in an assignment. The USPAP (Uniform Standards of Professional Appraisal Practice) has put forth guidelines that machinery and equipment appraisers should include in the scope of work. The minimum standards for scope of work include the expectations [...]
July 8, 2010 Certified Machinery and Equipment Appraisers: Present Value
Present Value has performed an extensive number of machinery and equipment appraisals worldwide. A certified machinery and equipment appraisal is compliant with USPAP standards and the standards of the National Equipment & Business Builders Institute. Whether you need to know the fair market value, orderly liquidation value, and/or forced liquidation value of your equipment, the [...]
December 22, 2009 New USPAP Changes Effective January 1, 2010
As we discussed in a post in June, The Appraisal Foundation, a congressionally authorized non-profit organization that fosters professionalism among appraisers by setting qualifications and standards, announced that its Appraisal Standards Board (ASB) adopted revisions for the 2010-2011 edition of the Uniform Standards of Professional Appraisal Practice (USPAP). USPAP are the generally accepted performance and [...]
October 22, 2009 Scope of Work
The USPAP (Uniform Standards of Professional Appraisal Practice) has always required that real estate appraisers show the scope of work required for credible results. But in recent years, it was found that appraisers did not fully understand this process, so USPAP was updated in 2006 with a new scope of work rule. The rule requires [...]