What might prompt an appraiser to prepare an appraisal assignment in accordance with USPAP?

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Preparing an appraisal assignment in accordance with the Uniform Standards of Professional Appraisal Practice (USPAP) is primarily influenced by agreements with the client, legal requirements, regulations, or voluntary choices made by the appraiser. USPAP sets forth standards that promote consistency, credibility, and professionalism in appraisal practice. By adhering to these standards, appraisers ensure that their work meets ethical and competency requirements, thereby satisfying client expectations and legal obligations.

Factors such as an agreement with a client or relevant laws or regulations compel appraisers to follow USPAP standards, ensuring that the appraisal adheres to best practices. Additionally, an appraiser's voluntary choice to conform to USPAP further emphasizes their commitment to maintaining high professional standards and enhances the reliability of the appraisal process.

While personal preference and market trends may influence an appraiser's approach to their work, they do not provide the foundational requirement for USPAP adherence. Likewise, a client's request alone does not encompass the broader obligations that USPAP addresses, such as ethical responsibilities and consistency in appraisal practice. Therefore, the comprehensive nature of agreement, law, regulation, and voluntary adherence collectively underscores the necessity of following USPAP in appraisal assignments.

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