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 Uniform Standards of Professional Appraisal Practice adopted by the Appraisal Standards Board of the Appraisal Foundation.

Uniform Standards of Professional Appraisal Practice or "USPAP" means the appraisal standards promulgated by the appraisal standards board of the appraisal foundation.

Examples of Uniform Standards of Professional Appraisal Practice in a sentence

• I performed this appraisal in accordance with the requirements of the Uniform Standards of Professional Appraisal Practice that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place at the time this appraisal report was prepared.

• Further, I am also subject to the provisions of the Uniform Standards of Professional Appraisal Practice that pertain to disclosure or distribution by me.

• A copy of the current real estate tax assessment of the property or a current appraisal dated no earlier than 6 months prior to the date of the bond, prepared by a professional appraiser who certifies that the appraisal has been conducted in accordance with the generally accepted appraisal standards as reflected in the Uniform Standards of Professional Appraisal Practice, as promulgated by the Appraisal Foundation.

• This appraisal report complies with the Uniform Standards of Professional Appraisal Practice that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place at the time this appraisal report was prepared.

• If the appraisal district determines the appraised value of a property using mass appraisal standards, the mass appraisal standards must comply with the Uniform Standards of Professional Appraisal Practice.

More Definitions of Uniform Standards of Professional Appraisal Practice

Uniform Standards of Professional Appraisal Practice means the Uniform Standards of Professional

Uniform Standards of Professional Appraisal Practice means all of the following, if applicable:

Uniform Standards of Professional Appraisal Practice means 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 most recent standards approved and adopted by the Appraisals Standards Board of The Appraisal Foundation.

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 Ownership — restrictions 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 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.