What does USPAP require from appraisers even if no antidiscrimination laws are applicable to an assignment?

USPAP, which stands for the Uniform Standards of Professional Appraisal Practice, mandates that appraisers adhere to nondiscrimination requirements in every assignment they undertake, irrespective of whether specific antidiscrimination laws apply. This fundamental principle is rooted in the ethical obligation of appraisers to provide professional services fairly and impartially.

Adhering to nondiscrimination requirements ensures that appraisers respect the dignity and rights of all individuals and groups involved in the appraisal process. This commitment helps reinforce trust in the appraisal profession and promotes equity in housing and other areas related to property transactions. Furthermore, by upholding these standards, appraisers contribute to combating systemic biases that may exist in real estate and lending practices.

Local regulations alone do not encompass the broad ethical obligations set forth by USPAP, nor is it appropriate for appraisers to disregard federal regulations such as those established under the Equal Credit Opportunity Act (ECOA). Completing appraisals quickly is certainly a goal for many appraisers, but it does not intersect with the core requirements laid out in USPAP regarding nondiscrimination. Thus, adherence to nondiscrimination requirements is essential for maintaining ethical standards and promoting fairness in the appraisal profession.