USPAP 2018-2019 Edition
© The Appraisal Foundation
personalized evidence indicating authentication of the work performed by the appraiser and the
acceptance of the responsibility for content, analyses, and the conclusions in the report.
services pertaining to aspects of property value.
Comment: Valuation services pertain to all aspects of property value and include services performed both by
appraisers and by others.
the monetary relationship between properties and those who buy, sell, or use those properties.
expresses an economic concept. As such, it is never a fact but always an opinion of the
worth of a property at a given time in accordance with a specific definition of value. In appraisal practice,
value must always be qualified - for example, market value, liquidation value, or investment value.
documentation necessary to support an appraiser’s analyses, opinions, and conclusions.
10See RECORD KEEPING RULE.