Standards, Statements, and Advisory Opinions
USPAP has ten Standards which cover the development and reporting of valuation. Of ten Statements regarding specific practices in appraisal, five have been retired. Standards and Statements are considered binding. In addition, there are 32 Advisory Opinions which are advisory rather than binding.
Read more about this topic: Uniform Standards Of Professional Appraisal Practice
Famous quotes containing the words advisory and/or opinions:
“At the heart of the educational process lies the child. No advances in policy, no acquisition of new equipment have their desired effect unless they are in harmony with the child, unless they are fundamentally acceptable to him.”
—Central Advisory Council for Education. Children and Their Primary Schools (Plowden Report)
“To judge from a single conversation, he made the impression of a narrow and very English mind; of one who paid for his rare elevation by general tameness and conformity. Off his own beat, his opinions were of no value.”
—Ralph Waldo Emerson (1803–1882)