Under the provisions of Title XI of the Financial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA), the Appraisal Standards Board (ASB) is responsible for writing, amending, and interpreting the Uniform Standards of Professional Appraisal Practice (USPAP). The ASB issues Exposure Drafts (see below) on proposed changes to USPAP and obtains feedback at public meetings throughout the year in various regions of the country. Additionally, the ASB occasionally issues USPAP Q&As and participates in speaking engagements on request. The ASB also works with the Appraiser Qualifications Board (AQB) on the USPAP Courses in the Course Approval Program (CAP) and the Instructor Certification Course (ICC) and Instructor Recertification Course (IRC).
To view recent ASB Q&As, please visit our Q&A webpage.
The ASB is composed of five to nine members who are appointed by the BOT and may serve up to eight years. Activities of the Board are directed by the Chair, who is appointed by the BOT for a one-year term. Michelle Czekalski Bradley, Chair Nicholas Pilz, Vice Chair Riley Busenlener Roberta Ouellette Craig Morley Melissa Bond View past ASB members here.
For any questions please contact [email protected].
The ASB offers Exposure Drafts on proposed changes to USPAP during the revision process for public comment. All active Exposure Drafts can be viewed below. Exposure Drafts always have comment deadlines, and the Boards read and consider each comment received prior to making any changes. To offer public comment on an active Exposure Draft, please submit your comments at: https://www.surveymonkey.com/r/ASBComments.
On July 26, the Appraisal Standards Board released the Third Exposure Draft of Proposed Changes to USPAP. Details can be found in the Exposure Draft section above. On February 28, 2022, the Appraisal Standards Board released 2 new Q&As on: Affixing Another Appraiser’s Signature and Using Rules of Thumb for Market Adjustments. You can read them on the Q&A webpage. On February 17, 2022, the Appraisal Standards Board announced a comprehensive review of the Ethics Rule. Click here to learn more about this announcement, and click here to learn how this impacts the current edition of USPAP. The Appraisal Standards Board voted on February 19, 2021 to extend the effective date of the current 2020-21 USPAP through December 31, 2022. Click here to learn more. Questions? Read the FAQs.
The ASB & USPAP: Information for Appraisers and Their Clients
Appraisers, Appraisals, & You: A Lender’s Guide to USPAP
A Guide to Understanding a Residential Appraisal
This brochure is intended to help appraisers and users of appraisal services become more familiar with the role, function, and activities of the ASB and the process by which USPAP is developed and revised.
Yes, I Can Perform that Assignment!
Sample Residential Restricted Appraisal Report
Sample Non-Residential Restricted Appraisal Report
This chart provides some examples of the many types of assignments an appraiser may perform.
This sample residential Restricted Appraisal Report complies with the 2020-21 edition of USPAP Standards Rule 2-2(b).
This sample non-residential Restricted Appraisal Report complies with the 2020-21 edition of USPAP Standards Rule 2-2(b).
