APPRAISAL STANDARDS AND GOLF COURSES
The Uniform Standards of Professional Appraisal Practice (USPAP) is basically the rule book for the valuation of real estate. Developed and promulgated by the Appraisal Foundation, and updated biennially, USPAP consists of eight (8) fairly detailed standards addressing the development, reporting and review of real estate, personal property and business valuations, along with advisory opinions, definitions and a variety of rules relating to ethics, record-keeping, competency and scope of work.
Golf property appraisals have some unique qualities that require specific attention in order to be compliant with USPAP.
