The Appraisal Standards Board ASB) has issued a Second Exposure Draft of proposed changes for the 2020-21 edition of the Uniform Standards of Professional Appraisal Practice (USPAP), according to The Appraisal Foundation (TAF).
Matters for discussion focused on the following topics:
- Standards
- Scope of Work Rule
- Competency Rule
- Definitions
There were other edits, as well, to improve clarity and enforceability of USPAP, TAF stated.
The proposed changes to the Advisory Opinions will be exposed soon.
The written comment deadline is Oct. 10, 2018. To submit comments on the proposals, go to [email protected].