What is a potential outcome if an appraiser does not adhere to the jurisdictional exclusion rule?

If an appraiser does not adhere to the jurisdictional exclusion rule, they may face disciplinary action. The jurisdictional exclusion rule is part of the Uniform Standards of Professional Appraisal Practice (USPAP), which sets forth standards that appraisers are required to follow. This rule acknowledges that certain laws or regulations may exist in specific jurisdictions that do not allow compliance with USPAP in certain aspects of the appraisal process. However, failure to comply with the aspects of USPAP that are applicable can result in significant repercussions, including potential disciplinary action from professional boards or organizations. Disciplinary actions can range from reprimands to revocation of appraisal licenses, depending on the severity of the infraction.

Understanding the jurisdictional exclusion rule highlights the importance of appraisers being aware of and adhering to both local regulations and USPAP standards, ensuring that they maintain professional integrity and compliance within their practice.