USPAP 2018-2019 Edition
© The Appraisal Foundation
(b) analyze all prior sales of the subject property that occurred within a reasonable and applicable time
period if relevant given the intended use of the appraisal and property type.
Comment: The data needed for the required analyses in Standards Rule 7-5(a) and 7-5(b) may not be
available or relevant in all assignments. See the Comments to Standards Rules 8-2(a)(viii) and 8-2(b)(viii) for
corresponding reporting requirements.
STANDARDS RULE 7-6
In developing a personal property appraisal, an appraiser must:
(a) reconcile the quality and quantity of data available and analyzed within the approach or approaches
(b) reconcile the applicability and relevance of the approach or approaches, methods and techniques used to
arrive at the value conclusion(s).