USPAP has been extended 2022

[ramrcdk]

USPAP Extended One Year
Appraisers:
The Appraisal Foundation’s Appraisal Standards Board (ASB) announced that the current edition of USPAP will be extended one year.
This means that the 2020-2021 USPAP will now be effective to December 31, 2022.
Media Contact: Amy Timmerman (202) 624-3048 amy@appraisalfoundation.org

DOES this mean in 2023 there will be a new improved & redacted USPAP regarding (the current mess with) the new Forms & the HYBRID Part "A" inspectors
with the impact of the Part "B" appraiser being the Fall Guy -liable for 5-7 years ?

Seems Appraiser's around the country aren't accepting HYBRID "modernization of their appraisal world".

 

[Alsie35]

Nope, we're not.

Corelogic tried sending me one today - artfully worded so you might think at first it was a "Covid-19 1004". Nope. It was 'Hybrid' garbage. Turned it down faster than you can say 'Boo'.

I don't even do their standalone desktop product (no inspection) because they make you use their @$!%!* "online form". Nope. No ACI Form - no appraiser.

 

[sputnam]

Still have to take CE on the same cycle though. Here, we will be required to take USPAP update before we renew in 6/2022.... only there won't be a new USPAP. Dunno what they are going to figure out. I'll be royally ticked off if they require us to take the same update again.

 

[Mike Kennedy]

retake the Same USPAP COURSE you took for last renewal and pay the fee - AGAIN. which IMO is B.S.

" Frequently Asked Questions: 2020-21 USPAP Extension How long is the current version of USPAP effective? With this announcement, the 2020-21 USPAP will now have an effective date through December 31, 2022. Does this mean USPAP will be on a three-year cycle going forward? No, we have made no decision on how long future USPAP publications will remain in effect. We may return to two-year cycles, or choose another timeline, depending upon the need to make changes.

"If I took the 7-hour continuing education course for the 2020-21 USPAP, and that is still in effect, do I wait until 2023 to take the new 7-hour course?"
No, you will still need to take the 7-hour continuing education course every two years. This extension does not impact appraiser continuing education requirements. The 7-hour continuing education course is required to be taken once every two years as a way to offer appraisers a refresher on important cornerstones of the profession and offer practical applications for their appraisal practice.

A new course will come out later this year. Will I need to buy another copy of USPAP for the 7-hour continuing education course if I already bought a copy of the 2020-21 USPAP? No, you can continue using the version of USPAP for this cycle.

I am an education provider. How does this impact me? We will be holding a webinar just for educational providers on this decision and our new 7 hour continuing education course on March 4th. If you have not previously received an invitation for this event, please contact Brigitte Coulton at brigitte@appraisalfoundation.org.

SOURCE:

ShareFile

appraisalfoundation.sharefile.com

 

[George Hatch]

They're saying the coming update will include some diversity training, so the "updated" portion will be similar but the other material that is included in these courses will be different.

My guess is that they'll issue another update for the 2022 version. Maybe they'll run that one for 3 years, too.

 

[ramrcdk]

Still have to take CE on the same cycle though. Here, we will be required to take USPAP update before we renew in 6/2022.... only there won't be a new USPAP. Dunno what they are going to figure out. I'll be royally ticked off if they require us to take the same update again.

Yes, you will be "ticked" as we are required to take the same USPAP again in the first year of the -next renewal timeline...(with no discount)...LOL, not funny.
I heard rumor that USPAP has become too confusing. But likely the real news includes: the need for a revamp due to the HYBRID & potentially confusing scripture as currently written.
Guess that will also include "live" photo modifications for the fannie's & such, since Hybrid Part "B" folks will only be... "behind the desk " with a disclaimer " I guess those are live photos!

 

[Mejappz]

They're saying the coming update will include some diversity training

I wonder if these folks will part of the "Diversity training" Throw Mr. Bunton and the gang of 14 in the mix and you cant ask for a more diverse group than that can you.

 

[Mike Kennedy]

Then the "Diversity Hour" should be required ONLY for say $50. bucks.

 

[George Hatch]

I wonder if these folks will part of the "Diversity training" Throw Mr. Bunton and the gang of 14 in the mix and you cant ask for a more diverse group than that can you.​

So you're pissed that they didn't choose their members by race but you'd be equally pissed if they did choose their members by race.

I think you have your own version of TAFDS

 

[Mejappz]

Nah. I just like to call out BS when I see it.