What USPAP actually means
USPAP is the Uniform Standards of Professional Appraisal Practice, the recognized rulebook for how appraisals are developed and reported, and what it binds is the appraiser rather than the document.
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Every word, if you would rather read it.
USPAP. You have seen the acronym on appraisal reports. Here is what it actually means.
The Uniform Standards of Professional Appraisal Practice. The recognized rulebook for how appraisals are developed and reported.
It binds the appraiser to impartiality. Documented methods, defensible conclusions, no stake in the outcome.
So when a report says USPAP compliant, that claim can be checked against the standard, line by line.
Lukes and Lukes. USPAP compliant appraisals, nationwide. lukesappraisals.com.
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