The Appraisal Standards Board (ASB) invites appraisers to its upcoming meeting Oct. 21, in Washington, D.C. to discuss the publishing of the Second Exposure Draft of proposed changes for the 2018-19 Uniform Standards of Professional Appraisal Practice (USPAP) and other related topics.
Those attending the meeting will hear items relating to:
- Definition of Report and Ethics to the ETHICS RULE and the RECORD KEEPING RULE;
- Definitions of Assignment, Intended Use, and Intended User, and related edits to the COMPETENCY RULE;
- Definitions of Assumption and Extraordinary Assumption;
- STANDARD 3 – Dividing into STANDARD 3, Appraisal review, Development and STANDARD 4, Appraisal Review, Reporting;
- STANDARD 6 – Dividing into STANDARD 5, Mass Appraisal, Development and STANDARD 6, Mass Appraisal, Reporting;
- Removing the term Market Value, from STANDARDS 7 and 8;
- Edits to the Personal Property Certification in Standards Rule 8-3;
- Advisory Opinion 37, Computer assisted Valuation Tools; and
- Edits to the Advisory Opinion 21, USPAP Compliance; Advisory Opinion 31, Assignments Involving More than One Appraiser; and Advisory Opinion 1, Sales History.
The board seeks feedback from government regulators, educators, appraiser organizations, practitioners, and users of appraisal services.
To register for the public meeting, visit www.appraisalfoundation.org