If an individual is not required to comply with USPAP, what should they consider?

When an individual is not required to comply with USPAP (Uniform Standards of Professional Appraisal Practice), the best approach is to apply relevant parts of USPAP when possible. This option emphasizes the importance of maintaining professional standards and ethical practices, even when formal compliance is not mandated. Many appraisers and professionals choose to adhere to USPAP not solely out of obligation but also to uphold the integrity and credibility of their work.

By applying relevant parts of USPAP, the individual demonstrates a commitment to professionalism and ethical considerations in the appraisal process. This can enhance the quality of their work and foster trust with clients, stakeholders, and the community at large.

In contrast, disregarding all ethical standards undermines the principle of professionalism, while focusing solely on an organization’s policies could lead to inconsistencies or gaps in ethical practice. Relying solely on personal judgment may result in subjective decisions that compromise the integrity of the appraisal process. Therefore, opting to apply relevant parts of USPAP, when possible, is not only a prudent choice but also an affirmation of one’s dedication to the profession.