USPAP stands for the Uniform Standards of Professional Appraisal Practice and can be considered the “Bible” for real property appraisers. USPAP is adopted by the FREAB (Florida Real Estate Appraisal Board) as the standards of practice under DBPR (Department of Business and Professional Regulation), making them enforceable from a compliance standpoint.
Moreover, USPAP sets forth the standards for conducting appraisals and reviews. The USPAP publication is updated every two years and must be reviewed by all real estate appraisers in order to maintain their certification or license.
