What is a potential outcome if an appraiser fails to comply with USPAP under federal law?

If an appraiser fails to comply with the Uniform Standards of Professional Appraisal Practice (USPAP) under federal law, one potential outcome is the imposition of legal penalties. USPAP is established to ensure consistency, integrity, and professionalism in the appraisal process. Non-compliance can lead to disciplinary actions by regulatory bodies, which may include fines, loss of licensure, or other legal consequences. This framework is critical in maintaining public trust and ensuring that appraisals are conducted ethically and accurately, which is why adherence to these standards is paramount.

Re-evaluation of property, increased property value, and increased inspection frequency do not directly relate to the implications of failing to meet USPAP standards. While appraisals are essential in determining property values, the consequences of negligence or non-compliance focus more on the legal repercussions rather than these operational aspects.