Future editions of USPAP will have no end date

BVWireIssue #239-4
August 24, 2022

appraisal standards and regulations
the appraisal foundation (TAF), valuation standards, uniform standards of professional appraisal practice (USPAP)

The current edition of the Uniform Standards of Professional Appraisal Practice (USPAP) will be extended by one additional year, according to an announcement from The Appraisal Foundation’s Appraisal Standards Board (ASB). The 2020-2021 USPAP will now be effective until Dec. 31, 2023. Also, future editions of USPAP will have an effective start date but no end date, the announcement says. “This will give the Appraisal Standards Board greater flexibility to fully examine potential revisions to the standards and respond in a timely manner to changes in the valuation profession.” This change will not impact requirements for appraiser continuing education.
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