{"id":12214,"date":"2014-09-17T19:47:09","date_gmt":"2014-09-17T23:47:09","guid":{"rendered":"https:\/\/www.certitrek.com\/nebb\/standards-of-valuation-practice-released\/"},"modified":"2022-11-22T08:59:22","modified_gmt":"2022-11-22T13:59:22","slug":"standards-of-valuation-practice-released","status":"publish","type":"post","link":"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/standards-of-valuation-practice-released\/","title":{"rendered":"Standards of Valuation Practice Released"},"content":{"rendered":"<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start\" style=\"max-width:1144px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-1\"><p><a href=\"https:\/\/nebbinstitute.files.wordpress.com\/2014\/09\/nebbi-appraisal-values.jpg\"><img decoding=\"async\" class=\"lazyload alignleft wp-image-755 \" style=\"border: 1px solid #000000;margin-bottom: 5px;margin-right: 5px\" title=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns%3D%27http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg%27%20width%3D%27285%27%20height%3D%27207%27%20viewBox%3D%270%200%20285%20207%27%3E%3Crect%20width%3D%27285%27%20height%3D%27207%27%20fill-opacity%3D%220%22%2F%3E%3C%2Fsvg%3E\" data-orig-src=\"https:\/\/nebbinstitute.files.wordpress.com\/2014\/09\/nebbi-appraisal-values.jpg?w=285&amp;h=207\" alt=\"NEBBI Appraisal Values\" width=\"285\" height=\"207\" data-attachment-id=\"755\" data-permalink=\"https:\/\/nebbinstitute.wordpress.com\/2014\/09\/17\/standards-of-valuation-practice-released\/nebbi-appraisal-values\/\" data-orig-file=\"https:\/\/nebbinstitute.files.wordpress.com\/2014\/09\/nebbi-appraisal-values.jpg\" data-orig-size=\"564,411\" data-comments-opened=\"0\" data-image-meta=\"{\" data-image-title=\"NEBBI-appraisal-values\" data-image-description=\"\" data-medium-file=\"https:\/\/nebbinstitute.files.wordpress.com\/2014\/09\/nebbi-appraisal-values.jpg?w=300\" data-large-file=\"https:\/\/nebbinstitute.files.wordpress.com\/2014\/09\/nebbi-appraisal-values.jpg?w=564\" \/><\/a>As we\u2019ve stated on countless occasions within this blog, CMEAs are required to adhere to the Uniform Standards of Professional Appraisal Practice (USPAP). This ensures that any appraisal report you receive from a CMEA will be irrefutable, defensible, and withstand scrutiny.<\/p>\n<p>But just because <a href=\"https:\/\/www.certitrek.com\/nebb\/\">NEBB<\/a>I lives in a USPAP world, we acknowledge that there are certain types of appraisals where USPAP is not required. Up until recently, there was a gap regarding the standards that should be used in those situations. So earlier this month, the Appraisal Institute presented its Standards of Valuation Practice (SVP).<\/p>\n<p>Ken Wilson, president of the Appraisal Institute, said <i>\u201cThe SVP will establish a higher level of professional practice, engender public trust and facilitate the growth and advancement of the valuation profession\u2026The SVP will recognize the broad area of practice of valuation professionals and the diverse needs of users of valuation services.\u201d<\/i><\/p>\n<p>SVP is not intended to replace USPAP in any way, but rather complement the industry standards when necessary. If you\u2019re curious about what\u2019s contained in SVP, you can check it out <a href=\"http:\/\/www.appraisalinstitute.org\/assets\/1\/29\/SVP_effective_1-15-2015_final.pdf\">here<\/a>.<\/p>\n<p><i>The<\/i><a href=\"http:\/\/www.nebbinstitute.org\/\"><i> NEBB Institute<\/i><\/a><i> endorses and strives to observe the highest standards of professional ethics to preserve the public trust inherent in the professional appraisal practice. The Institute provides initial and monthly comprehensive education, ongoing support, and a dynamic international network, and certifies professionals in the art of machinery\/equipment appraisal and brokerage.<\/i><\/p>\n<p><i>By:<\/i><a href=\"http:\/\/www.nebbinstitute.org\/\"><i> NEBB Institute<\/i><\/a><\/p>\n<\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>As we\u2019ve stated on countless occasions within this blog, CMEAs are required to adhere to the Uniform Standards of Professional Appraisal Practice (USPAP). This ensures that any appraisal report you receive from a CMEA will be irrefutable, defensible, and withstand scrutiny. But just because NEBBI lives in a USPAP world, we acknowledge that there are [&#8230;]<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[87,505,296],"class_list":["post-12214","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-appraisal","tag-svp","tag-valuation"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.13 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Standards of Valuation Practice Released - NEBB Institute<\/title>\n<meta name=\"description\" content=\"CMEAs are required to adhere to the Uniform Standards of Professional Appraisal Practice (USPAP). CMEA will be irrefutable, defensible.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/standards-of-valuation-practice-released\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Standards of Valuation Practice Released - NEBB Institute\" \/>\n<meta property=\"og:description\" content=\"CMEAs are required to adhere to the Uniform Standards of Professional Appraisal Practice (USPAP). CMEA will be irrefutable, defensible.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/standards-of-valuation-practice-released\/\" \/>\n<meta property=\"og:site_name\" content=\"NEBB\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/NextLevelPurchasing\/\" \/>\n<meta property=\"article:published_time\" content=\"2014-09-17T23:47:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-11-22T13:59:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/nebbinstitute.files.wordpress.com\/2014\/09\/nebbi-appraisal-values.jpg?w=285&amp;h=207\" \/>\n<meta name=\"author\" content=\"Galo Matagay\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@nextlevelpurch\" \/>\n<meta name=\"twitter:site\" content=\"@nextlevelpurch\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Galo Matagay\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/standards-of-valuation-practice-released\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/standards-of-valuation-practice-released\/\"},\"author\":{\"name\":\"Galo Matagay\",\"@id\":\"https:\/\/www.certitrek.com\/nebbinstitute\/#\/schema\/person\/72d094fab77892483dfa6e061cb27eaa\"},\"headline\":\"Standards of Valuation Practice Released\",\"datePublished\":\"2014-09-17T23:47:09+00:00\",\"dateModified\":\"2022-11-22T13:59:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/standards-of-valuation-practice-released\/\"},\"wordCount\":486,\"publisher\":{\"@id\":\"https:\/\/www.certitrek.com\/nebbinstitute\/#organization\"},\"keywords\":[\"appraisal\",\"svp\",\"Valuation\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/standards-of-valuation-practice-released\/\",\"url\":\"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/standards-of-valuation-practice-released\/\",\"name\":\"Standards of Valuation Practice Released - NEBB Institute\",\"isPartOf\":{\"@id\":\"https:\/\/www.certitrek.com\/nebbinstitute\/#website\"},\"datePublished\":\"2014-09-17T23:47:09+00:00\",\"dateModified\":\"2022-11-22T13:59:22+00:00\",\"description\":\"CMEAs are required to adhere to the Uniform Standards of Professional Appraisal Practice (USPAP). 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