Property Valuation
Vermont's Uniform Standards of Professional Appraisal Practice (USPAP) require appraisers to:
AAlways appraise at the contract price
BDevelop and communicate their analyses, opinions, and conclusions in a manner that is not misleading✓ Correct
CUse only the cost approach for all properties
DComplete all appraisals within 24 hours
Explanation
USPAP establishes standards for appraisal practice requiring appraisers to perform competent, objective analyses and communicate their opinions clearly and without misleading anyone who relies on the appraisal.
Related Vermont Property Valuation Questions
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