Important Updates

How will you be affected?

On April 3, 2009, after the culmination of a fifteen month joint ASB/AQB campaign that asked appraisers, users of appraisal services, regulators, educators, and others how well USPAP was serving their needs, the Appraisal Standards Board (ASB) approved and adopted modifications to the 2008-09 edition of the Uniform Standards of Professional Appraisal Practice (USPAP).  This was accomplished with a series of public documents and public meetings. Written comments from almost 2,000 individuals, as well as oral comments offered at public meetings, were also received. The ASB considered every comment, developed a work plan to address the issues brought forward, and asked for and received public comment on a proposed work plan. This work plan included changes for the 2010-11 edition of USPAP, as well as additional changes (such as those involving the issue of reporting) for the 2012-13 edition of USPAP. The Appraisal Standards Board and The Appraisal Foundation.

Over the course of the next week we will discuss each change and/or revision that has was effective January 1, 2010. As always, Hendricks Appraisal Services is committed to quality and integrity with every appraisal assignment. Serving the San Antonio and surrounding areas since 1993.