What is the primary purpose of the Statements on Appraisal Standards in USPAP?

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The primary purpose of the Statements on Appraisal Standards in USPAP is to clarify, explain, or elaborate on a Rule or Standards Rule. These statements serve as a resource for appraisers, providing guidance on the interpretation and application of USPAP rules and standards. They help to ensure that appraisers can understand the intent behind specific rules, which aids in maintaining consistency and quality in appraisal practices.

By offering clarity, these statements support appraisers in navigating complex situations or ambiguous scenarios they may encounter in their work. They serve as a framework that reinforces the overall intent of the standards and rules, ensuring that appraisers adhere to the ethical and professional guidelines that underpin the appraisal profession. This explanation contextualizes the importance of these statements as a complement to the actual rules and standards within USPAP, enhancing the understanding and implementation of appraisal practices.

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