Answers
Oct 31, 2016 - 09:27 AM
What you've described in your inquiry is an appraisal methodology or technique, as opposed to an appraisal standard (i.e., USPAP). For example, USPAP does not dictate the use of any specific appraisal methods or techniques; the appraiser simply is responsible for performing a scope of work that produces credible assignment results, and communicating the appraisal in a manner that is not misleading and contains enough information so the intended user of the appraisal can understand it properly.
Having said that, with respect to your question about USPAP compliance, the PREAMBLE to USPAP states, in part:
USPAP does not establish who or which assignments must comply. Neither The Appraisal Foundation nor its Appraisal Standards Board is a government entity with the power to make, judge, or enforce law. An appraiser must comply with USPAP when either the service or the appraiser is required by law, regulation, or agreement with the client or intended user. Individuals may also choose to comply with USPAP any time that individual is performing the service as an appraiser.
Therefore, you would need to check with your state or local law to determine whether compliance with USPAP is required for Gwinnett County assessments.
Having said that, with respect to your question about USPAP compliance, the PREAMBLE to USPAP states, in part:
USPAP does not establish who or which assignments must comply. Neither The Appraisal Foundation nor its Appraisal Standards Board is a government entity with the power to make, judge, or enforce law. An appraiser must comply with USPAP when either the service or the appraiser is required by law, regulation, or agreement with the client or intended user. Individuals may also choose to comply with USPAP any time that individual is performing the service as an appraiser.
Therefore, you would need to check with your state or local law to determine whether compliance with USPAP is required for Gwinnett County assessments.
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