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Uniform Standards of
Professional Appraisal
Practice
2010 – 2011 Edition
Effective January 1, 2010
Note About the Code of Professional Ethics and Standards of Professional Appraisal
Practice of the Appraisal Institute
Each Appraisal Institute Member must comply with the Appraisal Institute’s Code of
Professional Ethics and Standards of Professional Appraisal Practice, which establish
requirements for appraisal, appraisal review, appraisal consulting services, and real
property consulting services.
The Standards of Professional Appraisal Practice of the Appraisal Institute are composed
of the Uniform Standards of Professional Appraisal Practice (USPAP), promulgated by the
Appraisal Standards Board (ASB) of The Appraisal Foundation, and the Certification
Standard of the Appraisal Institute; or the International Valuation Standards (IVS),
promulgated by the International Valuation Standards Committee (IVSC), applicable
national Standards, and the Certification Standard of the Appraisal Institute. The
Appraisal Institute has also issued Guide Notes that provide guidance on how the
Standards of Professional Appraisal Practice may apply to specific issues. The Appraisal
Institute’s Code of Professional Ethics is composed of the Canons, Ethical Rules, and
Explanatory Comments. Documents other than USPAP and IVS are printed in a separate
booklet entitled Code of Professional Ethics and Standards of Professional Appraisal
Practice of the Appraisal Institute.
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Post By：2010/2/24 14:06:00
