Changes to USPAP 2020-2021
There are many important changes to USPAP that go into effect on January 1st 2020. Every professional appraisal must comply with these new revisions.
Leon Castner ISA-CAPP, a Certified USPAP Instructor and the Senior Partner at National Appraisal Consultants, explains one of them.
“One big USPAP change that goes into effect on January 1st 2020, is a revision that restricted appraisal reports may be used when there are intended users other than the client. This is allowed as long as the other intended users are specifically named in the report. They must be named and not identified merely as type.”
Make certain you know all of these required changes to USPAP. They are identified in the new 2020-2021 Appraisal Foundation USPAP Manual, which is available on the TAF website: http://www.appraisalfoundation.org
Naturally, the best way to keep current with your appraisal society’s requirements, and to be in compliance with USPAP, is to start the year off right with a USPAP 7-hour update, or the full 15-hour USPAP program.
National Appraisal Consultants has a full schedule of live-stream USPAP webinars taught by Certified USPAP Instructor, Leon Castner – ISA CAPP.
Or call our office at (908) 459-5996, – or just text me at 908-256-6119.
Wishing you a very Happy New Year, and an incredibly successful appraisal practice in 2020.
Stay well happy!
Brian Kathenes ISA CAPP, S-CAPP
Managing Partner, National Appraisal Consultants, LLC