USPAP : Why is a "Rule" different than a "Standard"?

[ZZGAMAZZ]

I need to understand somethng before I can understand it, so I often try to diagram a publication such as USPAP.

Section 1:
Uniform Standards of Professional Appraisal Practice
--comprised of 8 sections including 5 Rules

Section 2:
Standards and Standard Rules
--comprised of 10 Standards including 0 Rules

So....what is the difference between the Rules in Section 1 and the Rules in Section 2? And why is Section 2 described as "Rules" when the TofC doesn't describe any Rules?

My question is sincere and not a criticism of USPAP--referring to the Industry version rather than the Fernando version !!!!!!

 

[glenn walker]

I need to understand somethng before I can understand it, so I often try to diagram a publication such as USPAP.

Section 1:
Uniform Standards of Professional Appraisal Practice
--comprised of 8 sections including 5 Rules

Section 2:
Standards and Standard Rules
--comprised of 10 Standards including 0 Rules

So....what is the difference between the Rules in Section 1 and the Rules in Section 2? And why is Section 2 described as "Rules" when the TofC doesn't describe any Rules?

My question is sincere and not a criticism of USPAP--referring to the Industry version rather than the Fernando version !!!!!!

Your asking for a lot maybe George hatch can help you as most on here are not USPAP Experts.

 

[George Hatch]

The SRs are elaborations on the fundamentals in the RULES as they apply to those specific types of services. The RULES apply to all appraisal practice whether there's an SR for a particular act/service or not.

• ETHICS RULE
• RECORD KEEPING RULE
• COMPETENCY RULE
• SCOPE OF WORK RULE
• JURISDICTIONAL EXCEPTION RULE

Let's say client called me and asked me to perform an HBU analysis for a given parcel, or a comprehensive market analysis for 3bd homes in a given area. Further, the reason they asked me to do it is because they know I'm an appraiser, and that they have expectations for my performance which include technical competency as an appraiser as well as expectations that I will perform the service objective, impartially and without engaging in any client advocacy. Those are services that fit the definition of appraisal practice (so USPAP applies) but for which there are no SRs.

I can *emulate* some of the elements of SR1/SR2 (which aren't otherwise addressed in the front end of USPAP) in the performance of this service but would not be required by USPAP to do so. So as an example I could choose to edit and use a variation of the SR2-3 (certification) to fit what I'm doing in this service but am not required to do so.

 

[djd09]

just another fine reason to dump that unconstitutional junk

 

[George Hatch]

The fundamental concepts and principles pertaining to the conduct and performance of appraising have existed for many decades prior to USPAP and will continue to exist after USPAP (and any other standard) is retired. Appraisers will never be "independent" of the expectations for their compliance with those fundamentals.

Heel, boy, heel.

 

[J Grant]

Think of USPAP to appraisal as the equivalent of the Bible.

The stories and teachings of the Bible serve an aspiration to live a God fearing , or God inspired life doing good and avoiding evil . The Bible's rules" are the Ten Commandments. Thou shalt do this and thou shall not do that

The teachings and concepts of USPAP serves an aspiration to perform competent appraisal work that is credible, reliable for intended use and not misleading. The Commandments of USPAP are the 5 sections of rules: Thou must do this and thou must not do that.

 

[George Hatch]

IMO, all of these requirements are about elements any conscientious appraiser would choose to meet in their work if they (really) thought about it. Whether required to do so by some external requirement or not.

 

[Mejappz]

The examples and concepts of USPAP serves an aspiration to perform competent appraisal work that is credible, reliable for intended use and not misleading. There are 5 sections of rules to apply to that end -a professional set of commandments: Thou must do this and thou must not do that.

I disagree. USPAP has been a complete failure.

 

[Dublin ohio]

Fernando version

That would be FUSPAP

 

[ZZGAMAZZ]

That would be FUSPAP

Then there is also the upgraded, comprehensive, kcomplete Fernando version, name.... ****-UP