Property Valuation
In Missouri, the Uniform Standards of Professional Appraisal Practice (USPAP) apply to:
AOnly commercial property appraisals
BAll appraisals by licensed and certified appraisers in connection with federally-related transactions✓ Correct
COnly appraisals ordered by lenders
DOnly properties over $1 million
Explanation
USPAP is the nationally recognized standard for real property appraisal practice. Missouri's appraisal licensing laws require compliance with USPAP for all federally-related transactions. USPAP guides appraisal methodology, reporting, and ethics.
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