Review of USPAP and AQB Criteria; focus on Fairness, Equity, Objectivity and Diversity

At a Special Meeting of the Appraisal Subcommittee (ASC) held May 14, 2021, the ASC approved initial budget authority of up to $250,000 to support a comprehensive and independent review of the Uniform Standards of Professional Appraisal Practice (USPAP) and the Real Property Appraiser Qualification Criteria (AQB Criteria). The goal of the review is to ensure that USPAP and the AQB Criteria do not encourage or systematize bias, and consistently support or promote fairness, equity, objectivity and diversity in both appraisals and the training and credentialing of appraisers. The Council on Licensure, Enforcement and Regulations, Inc. (CLEAR) has a three-year cooperative agreement with the ASC to, in part, undertake research on the appraisal and AMC regulatory system. The ASC will work with CLEAR to develop a scope of work and estimated budget for this project. CLEAR will manage the procurement of appropriate experts – both individuals and organizations – that will be invited to submit proposals to conduct the research project with the direct input of ASC staff and Board.