Uniform Appraisal Standards for Federal Land Acquisitions
The Appraisal Foundation, in partnership with the US Department of Justice, is publisher of the Uniform Appraisal Standards for Federal Land Acquisitions, commonly known as the "Yellow Book." The purpose of the Yellow Book is to promote fairness, uniformity, and efficiency in the appraisal of real property in federal land acquisitions.
Now in its sixth edition, the new version of the Yellow Book has been restructured to provide clarity and readability, resulting in practical guidance for appraisers, attorneys, and the public. The sixth edition of the Yellow Book contains four main sections: Appraisal Development, Appraisal Reporting, Appraisal Review, and Legal Foundations. Additionally, it includes the following features:
- Relevant new appraisal methodology and theory
- New case law and other federal requirements
- Consistency with professional appraisal standards
The electronic version of the book provides interactivity via a PDF that will enable you to easily move from section to section, contains "clickable" page numbers in the Table of Contents, Index, and Table of Authorities, and has a form-fillable "Appraisal Report Documentation Checklist" in the Appendix. To purchase a paper copy or electronic interactive PDF version of the Yellow Book, please visit The Appraisal Foundation store here.
Additionally, the Foundation publishes the Uniform Standards of Professional Appraisal Practice (USPAP), which are the generally recognized ethical and performance standards for the appraisal profession in the United States. USPAP was adopted by Congress in 1989, and contains standards for all types of appraisal services, including real estate, personal property, business and mass appraisal. Compliance is required for state-licensed and state-certified appraisers involved in federally-related real estate transactions. USPAP is updated every two years so that appraisers have the information they need to deliver unbiased and thoughtful opinions of value. To read more about USPAP, click here.