Uspap addendum 2026

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The document is a USPAP Compliance Addendum for an appraisal report concerning a property located at 310 East Main St., Sylva, NC. It outlines the type of appraisal report being provided (Self Contained, Summary, or Restricted Use) and includes certifications by the appraiser regarding the accuracy of the report, lack of bias, and independence from any interests in the property. The addendum also notes marketing and exposure times for the property and includes signatures from the appraiser.

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Click ‘Get Form’ to open the uspap addendum in the editor.
Begin by filling in the 'File No.' at the top of the form, ensuring it matches your records.
Enter the 'Borrower' and 'Property Address' details accurately, including city, county, state, and zip code.
Select the appropriate appraisal report type under 'APPRAISAL AND REPORT IDENTIFICATION' by checking either Self Contained, Summary, or Restricted Use.
In the 'COMMENTS ON THE STANDARDS RULE 2-3' section, certify your statements by filling in any required disclosures regarding your interest in the property.
Complete the 'MARKETING TIME AND EXPOSURE TIME FOR THE SUBJECT PROPERTY' fields with reasonable estimates based on market conditions.
Finally, sign and date the form as both the Appraiser and Supervisory Appraiser if required. Ensure all certification numbers are included.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What are the 5 rules of USPAP?

There are five basic rules located in the Preamble section of USPAP. These include the Ethics Rule, Record Keeping Rule, Competency Rule, Scope of Work Rule and Jurisdictional Exception Rule. The Ethics Rule is to promote and preserve the public trust.

What is an USPAP addendum?

The USPAP addendum is an additional document that accompanies an appraisal report, providing supplementary information about the appraisal process and the appraisers credentials.

What are the USPAP standards?

Compliance with USPAP is required for state-licensed and state-certified appraisers who perform appraisals for federally-related real estate transactions.

What is the purpose of the USPAP?

The Uniform Standards of Professional Appraisal Practice (USPAP) serve as the guiding principles for appraisal practice in the United States, ensuring consistency, reliability, and credibility in appraisal services.

What does USPAP stand for?

Uniform Standards of Professional Appraisal Practice (USPAP) USPAP is a set of national Standards that is applicable for most U.S. appraisals. USPAP is developed by the Appraisal Standards Board (ASB) of The Appraisal Foundation.

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