The generally accepted appraisal standards in the United States are known as?

The generally accepted appraisal standards in the United States are known as USPAP, which stands for the Uniform Standards of Professional Appraisal Practice. USPAP provides a framework for ethical and competent appraisal practices and is used by appraisers to ensure consistency and reliability in their assessments. It outlines the guidelines and principles that appraisers must follow, including competency, confidentiality, and impartiality, which helps maintain the integrity of the appraisal process.

Understanding USPAP is crucial for anyone involved in real estate, as it assures clients and other stakeholders that appraisals are conducted professionally and uniformly. The standards are enforced by various governmental and professional organizations, highlighting their significance in the field of appraisal. This makes knowledge of USPAP essential for appraisers, real estate professionals, and those seeking to understand the appraisal process better.