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USPAP 2018-2019 Edition

© The Appraisal Foundation

54

STANDARD 8

In an assignment that includes real property, business or intangible asset assignment results not developed

by the personal property appraiser(s), any personal property appraiser(s) who signs a certification accepts full

responsibility for the personal property elements of the certification, for the personal property assignment

results, and for the personal property contents of the appraisal report.

When a signing appraiser(s) has relied on work done by appraisers and others who do not sign the

certification, the signing appraiser is responsible for the decision to rely on their work. The signing

appraiser(s) is required to have a reasonable basis for believing that those individuals performing the work

are competent. The signing appraiser(s) also must have no reason to doubt that the work of those individuals

is credible.

92

The names of individuals providing significant personal property appraisal assistance who do not sign a

certification must be stated in the certification. It is not required that the description of their assistance be

contained in the certification, but disclosure of their assistance is required in accordance with Standards Rule

8-2(a)(vii) or 8-2(b)(vii) as applicable.

93

STANDARDS RULE 8-4

To the extent that it is both possible and appropriate, an oral personal property appraisal report must address

the substantive matters set forth in Standards Rule 8-2(a).

Comment: See the RECORD KEEPING RULE for corresponding requirements.

92 See Advisory Opinion 31,

Assignments Involving More than One Appraiser

.

93 See Advisory Opinion 31,

Assignments Involving More than One Appraiser

.

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