The Appraisal Standards Board (ASB) will hold a public meeting to discuss specifics regarding its Third Exposure Draft of proposed changes for the 2018-19 Uniform Standards of Professional Appraisal Practice (USPAP). The meeting will be Feb. 3, 2017, in Dallas.
The ASB published the Third Exposure Draft on Dec. 7, 2016. Those attending the meeting in Dallas will be given an opportunity to hear discussion on the following topics under consideration:
- Definition of Report and Edits to the ETHICS RULE and the RECORD KEEPING RULE;
- Definitions of Assignment, Assignment Conditions, Intended Use, and Intended User, and released 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 Advisory Opinion 21, USPAP Compliance; Advisory Opinion 31, Assignments Involving More than One Appraiser; and
- Advisory Opinion 1, Sales History, and Advisory Opinion 32, AD Valorem Property Tax Appraisal and Mass Appraisal Assignments.
ASB said it seeks feedback from government regulators, educators, appraiser organizations, practitioners, and users of appraisal service.
To register for the public meeting, visit www.appraisalfoundation.org.