RES 450 Week 5 DQ 2 -
Applying the USPAP Standards
In 250 - 300 words, translate each of the elements of the first two USPAP standards into specific actions.
For example, the first element of Standard 1 is to “identify the problem to be solved.” What does an appraiser do to “identify the problem to be solved?”
The second element asks to identify “the scope of work necessary to solve the problem.” What does it mean to identify “the scope of work necessary to solve the problem?”
Identify as many elements as you can, and give an example of what an appraiser does to meet each standard of practice.