USPAP Practice Exam 2026 – Comprehensive Test Prep

An appraiser's professional responsibility regarding capacity is essential for maintaining transparency and integrity in their work. Identifying the capacity in which they are performing is critical because it ensures that all parties involved in the appraisal process understand the role of the appraiser. This can include acting as a consultant, an expert witness, or in a standard appraisal capacity. Clear identification of their professional role helps avoid conflicts of interest and maintains the credibility of the appraisal process.

Understanding capacity also informs the appraiser's obligations and the scope of their work, ensuring compliance with ethical and regulatory standards set forth by organizations like the Appraisal Foundation and USPAP (Uniform Standards of Professional Appraisal Practice). By specifying their capacity, the appraiser provides a clearer context for their conclusions and protects the interests of the clients and stakeholders involved in the transaction.