#Toau appraisal professional#

So, what makes for Acceptability of the Scope of Work? Easy. It also specifies the client, other users, use, value definition, effective date, subject and features, and “assignment conditions.” This is followed by the Scope of Work Rule, which includes the appraiser’s “problem identification” and “Scope of Work Acceptability.” Problem identification specifies the property, the inspection, the data researched, and the analyses, (but does not mention the market being analyzed!). Then after the workfile requirements, we have the Competency Rule, which requires the appraiser to be competent. This starts with the Ethics Rule, requiring personal impartiality, objectivity, and independence. The second unchanging concept is that it is primarily the appraiser who is judged, not the appraisal. But is it useful for the public good today? The word credible is repeated 82 times in the standards (including both the integrity standards and the performance standards 1-10). The appraiser must be believable and worthy of this believability! Worthiness must be key. Credible is defined as “worthy of belief”. One is the requirement, that the appraiser’s work be credible. But there are two things which have stayed the same. From one form of “departure” being allowed, to other forms of divergence being accepted. From one report type, to three report types, to two report types. Since then there has been some revising and a bit of churning. Most of the drafting of the standards took place from the 1930’s to 1987, wherein the ‘standards’ in their current basic terminology were conferred to the Appraisal Foundation. The question is “is USPAP obsolete?” And if so - how this might have happened.Ĭontext is everything. Here we ask the question only in regards to the standards themselves. The then-current standards were conferred to the quasi-governmental body the Appraisal Foundation which has the power under the Appraisal Subcommittee to collect fees from individuals, sell books and set education levels for appraiser licensing. Also, assessor groups sought and created standards or procedures for mass appraisal for property tax purposes. And times have changed.Īppraisal standards go back quite a ways, primarily by the forerunners of today’s Appraisal Institute.

#Toau appraisal professional#

USPAP (Uniform Standards of Professional Appraisal Practice) has served us well. Things become obsolete because they fail to keep up.