The development and reporting of real estate appraisal services are subject to State & Federal regulations. State Certified Appraisers are required to have college degrees, thousands of hours of apprenticeship, and additional specialized classroom training. The primary ethical and practice standards are set forth in Uniform Standards of Professional Appraisal Practice (USPAP). The requirements for the MAI and other Appraisal Institute designations are even more stringent.
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