Why are certain definitions retired from USPAP?

The reason certain definitions are retired from USPAP is rooted in the desire for clarity and precision in the language used in appraisal standards. Definitions that become outdated or are no longer frequently used may create confusion or ambiguity, detracting from the effectiveness of the standards. By retiring these definitions, USPAP can ensure that appraisers are working with language that accurately reflects current practices and methodologies.

Relying on standard dictionary definitions helps establish a common understanding of terms that may not require specialized definitions within the context of appraisal. This approach promotes consistency and aids in the interpretation of the standards, making it easier for appraisers to understand the principles and apply them in their work.

In this context, simplification and updates are important. Retiring outdated definitions is a proactive measure to maintain the relevance and clarity of USPAP, ensuring that appraisers can effectively navigate the standards without being hindered by obsolete language.