According to USPAP, who defines the client in a specific appraisal assignment?

In the context of appraisal assignments and adhering to the Uniform Standards of Professional Appraisal Practice (USPAP), the client is defined as the party engaging the appraiser. This can typically be an individual, such as a property owner or a lender, or an entity, like a corporation or a governmental agency, that has contracted for the appraisal services.

Identifying the client is crucial because the appraiser has a professional obligation to that party and their interests must be prioritized throughout the appraisal process. The agreement between the appraiser and the client establishes the framework for the assignment, including the scope of work, the use of the appraisal report, and the intended purposes of the appraisal.

Understanding who the client is helps ensure clarity in communication and expectations, and it influences the appraiser’s responsibilities as outlined by USPAP. This definition is vital for maintaining the integrity and effectiveness of the appraisal process, aligning the appraiser's professional duties with the needs of the client.