The Appraisal Foundation issued the following press release and link to a video discussing the changes made to USPAP for the 2012-13 edition. In order to allow access to our appraisal and other students we are posting the release sent out by the Appraisal Foundation here:
The Appraisal Foundation is pleased to announce the release of a free video on its web site entitled, A Preview of Changes to the 2012-13 Uniform Standards of Professional Appraisal Practice (USPAP).
The video, shot on location at the Foundation’s headquarters, is a 23 minute interview with the 2011 Chair and Vice Chair of the Appraisal Standards Board (ASB), J. Carl Schultz, Jr. and Barry Shea, respectively. A PowerPoint presentation is available for simultaneous viewing as well.
Please visit the following link to access video on the Foundation’s eLibrary:
CLICK HERE TO VIEW THE VIDEO ON 2012-13 USPAP CHANGES *
USPAP changes discussed in the video include:
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Revisions to DEFINITIONS of “Client,” “Extraordinary Assumptions,” and “Hypothetical Condition,” as well as a new definition of “Exposure Time”;
- Creation of a new RECORD KEEPING RULE and related edits to the Conduct Section of the ETHICS RULE;
- Revisions to Advisory Opinion 21, USPAP Compliance; and,
- Revisions to STANDARDS 7 & 8: PERSONAL PROPERTY APPRAISAL, DEVELOPMENT & REPORTING.
Other media included in the eLibrary include a Mock Administrative Hearing and an audio webinar on Fair Value Measures.
The Appraisal Foundation has plans to expand its eLibrary later this year with a videotaped session on Green Buildings and their Valuation, coming in mid-Fall 2011.
Questions? Please contact Paula Douglas Seidel, Executive Administrator, paula@appraisalfoundation.org.
*If the above link does not work, please copy and paste the entire link below into your internet browser:
http://www.globalpres.com/mediasite/Viewer/?peid=ae8192ef41804f23a498bf7b30458189
Alternatively, you may visit the eLibrary on the Foundation’s web site at www.appraisalfoundation.org.
About The Appraisal Foundation
The Appraisal Foundation, a Congressionally authorized non-profit organization established in 1987, is dedicated to the advancement of professional valuation. The Foundation accomplishes its mission through the work of its three independent Boards: the Appraisal Practices Board (APB), the Appraiser Qualifications Board (AQB) and the Appraisal Standards Board (ASB). More information on The Appraisal Foundation is available at www.appraisalfoundation.org.
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