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…

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