According to the PREAMBLE, USPAP is intended for whom?

The correct answer reflects the foundational purpose of the Uniform Standards of Professional Appraisal Practice (USPAP), which is primarily designed to guide appraisers and the users of appraisal services. USPAP outlines ethical and performance standards that are to be adhered to by appraisers in order to ensure credibility, reliability, and consistency in their work.

This makes it critical for both appraisers, who must adhere to the standards to maintain the integrity of their profession, and for users of appraisal services, who depend on the quality and accuracy of appraisals for informed decision-making. The standards aim to protect the interests of these stakeholders by promoting transparency and accountability in the appraisal process.

In contrast, while developers, builders, investors, and the general public may utilize appraisal services or be affected by the outcomes of appraisals, they are not the primary focus of USPAP’s intention. The standards are crafted specifically around the practices and ethics that appraisers must follow to ensure that their work serves the needs of their direct clients and the broader market effectively. This distinction clarifies why the answer centers on appraisers and the users of their services as the intended audience for USPAP.