USPAP Article Collection

The 3 Biggest USPAP Changes for 2020-21

The 3 Biggest USPAP Changes for 2020-21

The 2020-21 USPAP publication will be available within the next several weeks, and so will the 2020-21 7-hour National USPAP Update Course. Not everyone purchases the USPAP publication or takes an update course right away, so here is a quick overview of the most…

Q&A: Fannie Mae and the Cost Approach

Q&A: Fannie Mae and the Cost Approach

We often receive questions from appraisers regarding Fannie Mae and the cost approach. For example: “I’m appraising a property and have been instructed to comply with Fannie Mae guidelines. I understand that Fannie Mae requires the sales comparison approach, but what if there aren’t…

Disclosure Example: Extraordinary Assumption

Disclosure Example: Extraordinary Assumption

In an appraisal assignment, an extraordinary assumption is employed to presume certain unknown information as fact. An extraordinary assumption is related to a specific assignment, and takes information that is unknown as of the effective date of the assignment results and assumes it to…

ASB Adopts Changes to USPAP for 2020-21

ASB Adopts Changes to USPAP for 2020-21

At its public meeting in Kansas City MO on April 5, 2019, the Appraisal Standards Board (ASB) of The Appraisal Foundation adopted changes to USPAP for the 2020-21 edition. The Board adopted its Fourth Exposure Draft, which had been issued on February 27, 2019,…

Each year more than 100,000 professionals advance their career with McKissock Learning.

Hear what they have to say.

See More Reviews