What Is USPAP and Why It Matters in Appraising

The Uniform Standards of Professional Appraisal Practice (USPAP) is much more than just a set of guidelines; it is the cornerstone of ethical and professional practice in the appraisal industry. Let's delve into what USPAP is, why it is important, and how it serves as a critical credential for appraisers, especially in an industry where there is no formal licensing for personal property appraisers.