All Turbine powered aircraft appraisals are compliant under the USPAP rules of engagement. The Uniform Standards of Professional Appraisal Practice (USPAP) was established to promote and maintain a high level of public trust by creating requirements for aircraft appraisers. The Appraisal Standards Board (ASB) of the Appraisal Foundation develops, publishes, interprets, and amends the USPAP on behalf of appraisers and users of appraisal services. USPAP calls for the highest standards of professional ethics.
USPAP compliant appraisals must be conducted by a qualified appraiser who has specialized knowledge, and understanding and has completed the stringent USPAP intensive course work while displaying proficiency. Standards 7 and 8 establish strict requirements for the appraiser to develop and communicate their analyses, opinions, and conclusions to the intended users of their services in a manner that is meaningful and not misleading.
While many aircraft appraisal associations offer training, testing, and certification in USPAP aircraft appraisals, USPAP is not an agency that trains individuals in aircraft appraisal or that awards aircraft appraisal certification. Instead, USPAP addresses the ethical and performance obligations while providing stringent guidelines and requirements for highly experienced Aircraft Appraisers to offer USPAP-compliant aircraft appraisals. South America, Europe, and Asia have accepted USPAP as the standard of practice for their membership.
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