Property Valuation
What does USPAP stand for and why is it important in Rhode Island appraisal?
AUniform Standards of Professional Appraisal Practice; the nationally recognized ethical and performance standards appraisers must follow✓ Correct
BUnited States Property Assessment Protocol; a federal tax standard
CUniversal Survey Practice and Procedure; for land surveyors
DRhode Island's Uniform Standards for Property Assessment
Explanation
USPAP (Uniform Standards of Professional Appraisal Practice) is the nationally recognized set of ethical and performance standards for appraisers, established by The Appraisal Foundation. Rhode Island requires licensed and certified appraisers to comply with USPAP.
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