Property Valuation
Under Wisconsin law, the Uniform Standards of Professional Appraisal Practice (USPAP) requires appraisers to:
AAppraise every property above its market value
BDevelop and communicate their opinions of value in a manner that is not misleading✓ Correct
COnly use the cost approach for residential properties
DComplete appraisals within 48 hours
Explanation
USPAP requires appraisers to develop their opinions competently and communicate them in a manner that is not misleading, ensuring credibility and reliability of appraisal reports.
Related Wisconsin Property Valuation Questions
- Curable physical deterioration in a Wisconsin home refers to deterioration that:
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