Appraising Green Residences
Updates/Corrections
January 1, 2014
Chapter 4
Page 42
Credible Results
First and Second Paragraph
The following content should be modified, as indicated, consistent with changes to the
2014 – 2015 Edition of USPAP.
Credible Results
Credible is defined in USPAP as:
Worthy of belief. Comment: Credible assignment results require support,
by relevant evidence and logic, to the degree necessary for the intended
use. [2014-2015 Edition of USPAP]
The relevant evidence and logic comes into play when you develop your
appraisal, including making adjustments. The SCOPE OF WORK RULE states:
For each appraisal or appraisal review an appraiser must:
1. Identify the problem to be solved
2. Determine and perform the scope of work necessary to develop
credible assignment results, and
3. Disclose the scope of work in the report. [2014-2015 Edition of
USPAP]
Comment: Scope of work includes, but is not limited to:
 The extent to which the property is identified
 The extent to which tangible property is inspected
 The type and extent of data researched, and
 The type and extent of analyses applied to arrive at opinions or
conclusions [2014-2015 Edition of USPAP]
Page 43
Assignment Conditions
Second Paragraph
The following content should be modified, as indicated, consistent with changes to the
2014 – 2015 Edition of USPAP.
Comment: If relevant information is not available because of assignment
conditions that limit research opportunities - such as conditions that place
limitations on inspection or information gathering - an appraiser must withdraw
from the assignment unless the appraiser can:
 Modify the assignment conditions to expand the scope of work to include
gathering the information; or
 Use an extraordinary assumption about such information, if credible
assignment results can still be developed.
An appraiser must not allow the intended use of an assignment or a client’s
objectives to cause the assignment results to be biased. [2014-2015 Edition
of USPAP]
Page 43
Competency Rule
Last Line On Page
The following content should be modified, as indicated, consistent with changes to the
2014 – 2015 Edition of USPAP.
Change USPAP citation to read: [2014-2015 Edition of USPAP]
Page 44
Competency in Appraising Green
First Paragraph, Number 3
The following content should be modified, as indicated, consistent with changes to the
2014 – 2015 Edition of USPAP.
Change USPAP citation to read: [2014-2015 Edition of USPAP]