Certified Residential Appraiser Practice Exam

Which document serves as the copyright holder for the USPAP?

1. The Appraisal Foundation

2. The American Institute of Appraisers

3. The Federal Government

4. The National Association of Appraisers

The correct answer is: The Appraisal Foundation

The document that serves as the copyright holder for the Uniform Standards of Professional Appraisal Practice (USPAP) is The Appraisal Foundation. This organization is recognized as the authoritative body responsible for establishing and maintaining standards in the appraisal profession. They develop and publish USPAP, which sets forth the ethical and performance standards for appraisers in the United States. By holding the copyright, The Appraisal Foundation ensures that the standards are adhered to and can be updated as necessary to reflect changes in the profession or regulatory environment. This role is critical in maintaining the integrity and effectiveness of appraisal practices nationwide. The other organizations listed do not hold the copyright for USPAP, even though they may be involved in appraisal education or advocacy. Thus, The Appraisal Foundation is the correct entity associated with the copyright of USPAP.