Uniform Standards of Professional Appraisal Practice definition

Uniform Standards of Professional Appraisal Practice means the current standards of the appraisal profession, developed for appraisers and users of appraisal services by the Appraisal Standards Board of the Appraisal Foundation.
Uniform Standards of Professional Appraisal Practice means the 2020-2021 edition of those standards promulgated by the Appraisal Standards Board of the Appraisal Foundation for use by all appraisers in the preparation of appraisal reports.
Uniform Standards of Professional Appraisal Practice means the Uniform Standards of Professional Appraisal Practice adopted by the Appraisal Standards Board of the Appraisal Foundation.

Examples of Uniform Standards of Professional Appraisal Practice in a sentence

  • Moore County Appraisal District 2018 Summary Report IntroductionPurpose The purpose of this report is to better inform the property owners within the boundaries of the Moore County Appraisal District (MCAD) and to comply with Standards Rule 6 – 7 of the Uniform Standards of Professional Appraisal Practice (USPAP), effective January 1, 2002 – December 31,2002.

  • The Mass Appraisal Report is completed in compliance with STANDARD Rule 6-8 of the Uniform Standards of Professional Appraisal Practice.

  • For property acquired by the servicer at the foreclosure sale or by deed-in-lieu, the servicer will order a market value appraisal that is compliant with Uniform Standards of Professional Appraisal Practice (USPAP) standards.

  • Under the Uniform Standards of Professional Appraisal Practice, the application of a discounted cash flow analysis when valuing real estate under the income approach has prevailed for many years, whether for determining fair value for mark-to-market accounting or when recording an other-than-temporary-impairment under Topic 360, Property, Plant and Equipment (i.e. depreciated cost model).

  • A self-contained or summary appraisal report as defined in Standards Rule 2-2 in the latest edition of the Uniform Standards of Professional Appraisal Practice as promulgated by the Appraisal Foundation for the property.


More Definitions of Uniform Standards of Professional Appraisal Practice

Uniform Standards of Professional Appraisal Practice means the most recent standards approved and adopted by the Appraisals Standards Board of The Appraisal Foundation.
Uniform Standards of Professional Appraisal Practice means all of the following, if applicable:
Uniform Standards of Professional Appraisal Practice means that term as defined in section 2601.
Uniform Standards of Professional Appraisal Practice means the uniform standards promulgated by the appraisal standards board of the appraisal foundation.2016 Acts, ch 1124, §3, 32Referred to in §543D.6 543E.4 Registration required.A person shall not directly or indirectly engage in or attempt to engage in business as an appraisal management company or advertise or hold itself out as engaging in or conducting business as an appraisal management company in this state without first registering with the administrator.2016 Acts, ch 1124, §4, 32Referred to in §543E.18 543E.5 Exemptions.This chapter shall not apply to any of the following:1. A person that exclusively employs appraisers on an employer and employee basis for the performance of appraisals.2. A government body, as defined in section 22.1, subsection 1, that performs appraisals or retains appraisers on behalf of the government body.3. A federally regulated appraisal management company.4. A department or division of an entity that provides appraisal management services only to that entity.2016 Acts, ch 1124, §5, 32 543E.6 Ownershiprestrictions and requirements.1. An appraisal management company registered or applying for registration in this state shall not be directly or indirectly owned in whole or in part by a person who has had a license or certificate to act as an appraiser refused, denied, canceled, revoked, or surrendered in lieu of revocation in any state for a substantive reason. An appraisal management company may be directly or indirectly owned in whole or in part by a person who has had a license or certificate to act as an appraiser refused, denied, canceled, revoked, or surrendered in lieu of revocation in a state for a nonsubstantive reason if the license or certificate was subsequently granted or reinstated.2. A person who directly or indirectly owns more than ten percent of an appraisal management company in this state shall be of good moral character, as prescribed by rules adopted by the administrator consistent with applicable federal law and regulations, and shall submit to a background investigation, as prescribed by rules adopted by the administrator consistent with applicable federal law and regulations.2016 Acts, ch 1124, §6, 32Referred to in §543E.8, 543E.20 543E.7 Designation of controlling person.1. An appraisal management company registered or applying for registration in this state shall designate a controlling person who shall be the main contact for all communications between the administrator and the appraisal managem...
Uniform Standards of Professional Appraisal Practice means the Uniform Standards of Professional
Uniform Standards of Professional Appraisal Practice or “USPAP” means the edition of the Uniform Standards of Professional Appraisal Practice promulgated by the Appraisal Standards Board of The Appraisal Foundation in force as of the date that a report of an appraisal was signed or communicated.
Uniform Standards of Professional Appraisal Practice means the uniform standards of professional appraisal practice promulgated by the appraisal foundation and adopted pursuant to this chapter.