Answers
Feb 21, 2017 - 08:24 AM
The Uniform Standards of Professional Appraisal Practice (USPAP) do not dictate any specific appraisal methods or techniques, including those used to calculate gross living area. Instead, USPAP requires appraisers to be aware of, understand, and correctly employ those recognized methods and techniques that are necessary to produce credible assignment results.
The ANSI standard is one that many appraisers utilize in residential appraisal assignments but as stated above, its use is not mandated by USPAP. It is incumbent upon the appraiser to ensure the methods used result in credible assignment results.
The ANSI standard is one that many appraisers utilize in residential appraisal assignments but as stated above, its use is not mandated by USPAP. It is incumbent upon the appraiser to ensure the methods used result in credible assignment results.
Add New Comment