USPAP In Plain English - New Book By Appraisers

The 2006 Edition of USPAP kicks in July 1, 2006. Do you know what the changes are?

• The terms Departure, Limited Appraisal and Complete Appraisal will no longer exist.
• What is Scope of Work? Why should I care?
• How will the changes impact my appraisal business?
• How will they affect the appraisals I am ordering?
• Will I be ready?

Now there's a guidebook, the 2006 Edition of "USPAP In Plain English". The 2006 Edition of the Uniform Standards of Appraisal Practice (USPAP) contains the most significant changes to the document since 1994. USPAP In Plain English is a review of the 2006 Edition of USPAP that interprets the document in simpler terms than the original text. The primary users are those practicing real estate appraisers who care about performing within the framework of USPAP while meeting the needs of their clients but do not have the time to conduct an independent research project on the nuances of the document each time they undertake an assignment. Secondary users are the clients of real estate appraisers so they can better understand what is required by USPAP and why USPAP-compliant appraisals are in their best interest. In this context, USPAP in plain english only covers the document up through Standard 2 and those Statements on Appraisal Standards that interpret Standards 1 and 2. USPAP in plain english is designed to be used in conjunction with the 2006 Edition of USPAP and is available at ww.lulu.com/USPAPplain

Franke has been active in the Appraisal Institute and served as a Regional Chair and on the Board of Directors of the organization. Leary was one of the original five members of the Appraisal Standards Board of the Appraisal Foundation from 1989-1994.

Appraisal , Real Estate , Appraiser , USPAP