When providing valuation services that are part of appraisal practice, USPAP requires appraisers to be:

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Multiple Choice

When providing valuation services that are part of appraisal practice, USPAP requires appraisers to be:

Explanation:
USPAP requires appraisers providing valuation services within appraisal practice to uphold independence, act in good faith, and comply with applicable laws. Independence ensures the appraisal isn’t influenced by relationships, pressures, or conflicts of interest that could bias the result. Acting in good faith means being honest in the process and communications, avoiding misrepresentation. Complying with applicable laws covers regulatory requirements, licensing, and anti-discrimination rules, including fair housing laws. Because each of these standards is required, all of these apply.

USPAP requires appraisers providing valuation services within appraisal practice to uphold independence, act in good faith, and comply with applicable laws. Independence ensures the appraisal isn’t influenced by relationships, pressures, or conflicts of interest that could bias the result. Acting in good faith means being honest in the process and communications, avoiding misrepresentation. Complying with applicable laws covers regulatory requirements, licensing, and anti-discrimination rules, including fair housing laws. Because each of these standards is required, all of these apply.

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