USPAP stands for?

USPAP stands for?

• A. Unified Standards for Public Appraisal Procedures.
• B. Uniform Standards for Public Appraisal Practice.
• C. Uniform Standards of Professional Appraisal Practice.
• D. Uniform Standards for Property Appraisal Practice.

Answer: (C)

USPAP is the Uniform Standards of Professional Appraisal Practice. This set of standards, created by the Appraisal Standards Board of the Appraisal Foundation, guides how appraisals should be conducted, documented, and reported across real property, personal property, and business valuation work. It covers ethical rules, competency, scope of work, and reporting requirements, and is widely adopted by states, lenders, and regulators for licensing and oversight. The other options mix up terms like Procedures, Public, or Property, but the official title uses Professional Appraisal Practice.

USPAP is the Uniform Standards of Professional Appraisal Practice. This set of standards, created by the Appraisal Standards Board of the Appraisal Foundation, guides how appraisals should be conducted, documented, and reported across real property, personal property, and business valuation work. It covers ethical rules, competency, scope of work, and reporting requirements, and is widely adopted by states, lenders, and regulators for licensing and oversight. The other options mix up terms like Procedures, Public, or Property, but the official title uses Professional Appraisal Practice.