Which categories are included in USPAP performance standards for appraisal?

Which categories are included in USPAP performance standards for appraisal?

• A. Real property
• B. Personal property
• C. Business/intangible property
• D. Real property, personal property, and business/intangible property

Answer: (D)

USPAP performance standards govern appraisal practice across all property types an appraiser might value. That includes real property (land and improvements), personal property (movable items like vehicles, jewelry, equipment), and business or intangible property (business interests and intangible assets such as goodwill, patents, or trademarks). The standards are designed to apply to any appraisal assignment in these categories, ensuring consistent ethics, competency, scope of work, and reporting no matter which type of property is being valued.

USPAP performance standards govern appraisal practice across all property types an appraiser might value. That includes real property (land and improvements), personal property (movable items like vehicles, jewelry, equipment), and business or intangible property (business interests and intangible assets such as goodwill, patents, or trademarks). The standards are designed to apply to any appraisal assignment in these categories, ensuring consistent ethics, competency, scope of work, and reporting no matter which type of property is being valued.