Amy Perkins
Senior Member
- Joined
- Jul 20, 2003
- Professional Status
- Certified Residential Appraiser
- State
- Tennessee
A RULE (IN EVERY SINGLE REPORT)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 !!!!!!
A STANDARD (HOW TO REPORT/OPERATIONS, NOT ALL STANDARDS APPLY TO EVERY TYPE OF REPORT, BUT ALL STANDARDS ARE MANDATORY)
Advisory Opinions (GUIDANCE FOR APPRAISALS; THIS DOES NOT EXCUSE BEING UNETHICAL IN ANY WAY)