Which organization provides the standards known as USPAP?

The Appraisal Foundation is responsible for developing and maintaining the standards known as USPAP, which stands for the Uniform Standards of Professional Appraisal Practice. USPAP provides the framework for the appraisal profession in the United States and is widely recognized as the authoritative set of standards for appraisers.

The foundation establishes these standards to ensure that appraisals are conducted with integrity, objectivity, and ethical considerations, which are crucial in maintaining public trust in the appraisal process. USPAP is utilized not only by appraisers in various fields but also by courts, government agencies, and financial institutions as a benchmark for ensuring quality and consistency in appraisals.

The other organizations listed play different roles within the real estate and appraisal industries but do not have the authority or responsibility to create appraisal standards like USPAP. For example, while the National Association of Realtors focuses on the interests of realtors and the industry as a whole, and the Federal Housing Finance Agency oversees certain housing-related programs, neither is directly involved in the establishment of appraisal standards.