On August 11, 2022, the Appraisal Standards Board of The Appraisal Foundation announced that it would be extending the expiration date of the 2020-2021 USPAP publication by an additional year. Instead of expiring on December 31, 2022, the current USPAP will remain in effect until December 31, 2023. The announcement also stated that future editions of USPAP will have beginning effective dates but no expiration dates; this will afford the ASB “greater flexibility to
From Forms to Reports: A Look at the UAD Overhaul
By now, most appraisers are aware that Fannie Mae and Freddie Mac (GSEs) have embarked on a complete overhaul of the Uniform Appraisal Dataset (UAD).