Appraisal Standards
All appraisals and consulting reports prepared by Smithval are meticulously developed to meet the specific requirements of each client engagement. Our reports adhere to all applicable state and federal regulations, including, but not limited to, the following:
Governing Bodies upholding Ethical Real Property Valuation
Code of Professional Ethics and Standards of Professional Appraisal Practice
Source: Appraisal
Institute
- Act with Integrity: Maintain Objectivity, Impartiality, and Strict Confidentiality in valuations.
- Meet High Standards: Follow rigorous guidelines for Conducting and Reporting Real Property Appraisals.
- Uphold Public Trust: Provide Credible and Unbiased Real Property Valuations.
Uniform Standards of Professional Appraisal Practice (USPAP)
Source: Appraisal Foundation
- Ethical and Performance Standards for appraisal practice in the United States
- Requirements for appraisers in all discliplines, for all types of appraisal services, including real property valuations.
- Uphold and Maintain Public Trust by requiring compliance for state-licensed and state-certified appraisers involved in federally-related real estate transactions.
Uniform Appraisal Standards for Federal Land Acquisitions (Yellow Book)
Source: Appraisal Foundation
- Provides guidance for appraising real property in federal land acquisitions.
- Promotes fairness, uniformity, and end-to-end integrity in federal land acquisition valuations.
- Assists in determining just compensation for real property acquired by the federal government