What is the Uniform Standards of Professional Appraisal Practice?

The Uniform Standards of Professional Appraisal Practice, or USPAP, is the set of quality control standards for real estate appraisal developed by the Appraisal Standards Board of the Appraisal Foundation. USPAP establishes ethical rules, standards of competency, and reporting requirements that all licensed and certified appraisers must follow. It requires appraisers to be independent, objective, and impartial, and to produce credible and supportable opinions of value. ---