What is one of the primary benefits of following USPAP guidelines?

Following USPAP (Uniform Standards of Professional Appraisal Practice) guidelines primarily enhances market transparency. This is because USPAP provides a standardized framework for appraisers, ensuring that the valuation process is consistent, credible, and based on recognized practices. By adhering to these guidelines, appraisers produce reports that are more reliable and understandable, which in turn helps stakeholders—including buyers, sellers, and financial institutions—to trust and validate the appraisals they receive. Increased transparency in the market aids in informed decision-making and fosters confidence among all parties involved.

While higher property values, reduced appraisal costs, and faster transaction times may be associated outcomes in certain circumstances, they are not direct benefits of following USPAP guidelines like market transparency is. Therefore, the emphasis on transparency helps to uphold the integrity of the appraisal profession and supports a fair marketplace.