RICS is pleased to provide RICS members with a one-time download to the Uniform Standards of Professional Appraisal Practice (USPAP) 2014-2015. This is a member benefit and is free of charge to RICS members

The 2014-2015 Uniform Standards of Professional Appraisal Practice (USPAP) are the generally accepted standards for professional appraisal practice in North America developed, interpreted, and amended by The Appraisal Foundation (TAF).

Standards are included for real estate, personal property, business valuation and mass appraisal.  The purpose of USPAP is to promote and maintain a high level of public trust in appraisal practice by establishing requirements for appraisers.  

In the United States, the Financial Institutions Reform Recovery and Enforcement Act (FIRREA) of 1989 cites USPAP as the standard to be enforced by state real estate appraiser regulatory agencies.  USPAP compliance is also required by many professional appraiser associations, client groups, federal, state and local agencies.

RICS members must take care to ensure compliance with US law and regulation when providing valuation services under U.S. jurisdiction as recognized in RICS Valuation – Professional Standards January 2014 PS 1.4.1.
 
Please follow the link below to download your free copy of USPAP 2014-2015.


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