Who are typically the primary users of USPAP?

The primary users of the Uniform Standards of Professional Appraisal Practice (USPAP) are appraisers and users of appraisal services. USPAP provides a set of guidelines that ensure the integrity, quality, and professionalism of the appraisal process. Appraisers must adhere to these standards to ensure their appraisals are credible, well-supported, and compliant with legal and regulatory requirements.

Users of appraisal services, such as lenders, investors, and courts, rely on USPAP to provide assurance that the appraisals they receive are conducted ethically and with due diligence. This trust in the appraisal process is vital for the validity of transactions, financing decisions, and legal proceedings, which further underscores the importance of USPAP for both appraisers and the various stakeholders who utilize their services.

While other groups, such as real estate agents, government agencies, and property owners, may interact with the appraisal process, they are not the primary users of USPAP. Their roles involve different aspects of real estate transactions, while USPAP is specifically tailored to guide appraisers and those who depend on the accuracy and reliability of appraisals.