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USPAP Fallacies Foibles and Violations

USPAP Fallacies, Foibles, and Violations? Part 2

The second of our “foibles” in USPAP may be from that same paragraph on page (ii), noted last week.  This paragraph effectively sets the mission statement for the Appraisal Foundation. The paragraph is titled:  “ABOUT THE APPRAISAL FOUNDATION.”  It states the AF provides “guidance on recognized valuation methods and techniques for all valuation professionals.”  [Emphases […]

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USPAP Fallacies Foibles and Violations? Pt1

The USPAP (Appraisal Standards) publication starts with a self-telling paragraph titled:  “ABOUT THE APPRAISAL FOUNDATION.”  This paragraph presents the Appraisal Foundation’s self-claimed place as “the nation’s foremost authority on the valuation profession.”  This “foremost” claim immediately places it in contention with other governmental and professional standards.  The declared self-image conflicts with the reality.  Alternative and […]

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