Delaware License Law
What is the 'Uniform Standards of Professional Appraisal Practice' (USPAP) and does it apply to Delaware real estate agents?
AUSPAP applies to all Delaware real estate agents and brokers
BUSPAP is the set of standards governing appraisers — not real estate agents; agents providing CMAs or BPOs are not bound by USPAP but must not misrepresent their analyses as appraisals✓ Correct
CUSPAP applies only to commercial property appraisals in Delaware
DDelaware exempts appraisers from USPAP requirements
Explanation
USPAP (Uniform Standards of Professional Appraisal Practice) establishes ethical and performance standards for licensed/certified appraisers. It does NOT apply to real estate agents or brokers providing CMAs or BPOs. However, agents must not misrepresent CMAs or BPOs as certified appraisals, as doing so could violate Delaware license law and potentially state appraisal licensing statutes.
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