What is the stated purpose of USPAP?

The stated purpose of the Uniform Standards of Professional Appraisal Practice (USPAP) is to promote and maintain a high level of trust in appraisal practice. This framework is essential because it establishes consistent standards and ethical guidelines that help ensure the integrity, reliability, and professionalism of appraisals. By adhering to these standards, appraisers can help instill confidence among users of appraisal services, including clients, regulatory bodies, and the general public, thereby enhancing the credibility of the appraisal profession.

The focus of USPAP is on professionalism and ethical conduct, as it seeks to protect not only the interests of clients but also the broader public interest by ensuring that appraisals are performed competently and impartially. This overarching goal of maintaining trust is critical, as it directly impacts the acceptance and use of appraisals in various applications, such as lending, investment, and taxation.