Providing You With The Best-Quality USPAP Compliant Aircraft Appraisals
The Uniform Standards of Professional Appraisal Practice (USPAP) is established by The Appraisal Foundation’s Appraisal Standards Board (ASB). USPAP is widely recognized as the national standard concerning the United States’ appraisal profession’s ethics and practices. VREF offers USPAP compliant aircraft appraisals for a variety of aircraft, including:
- Aircraft Parts and Inventory
- Commercial Jets
- Executive/Business Aircraft
- Fixed Based Operation (FBO)
- Helicopters (Piston and Turbine)
- Regional/Commuter Planes
- Turbo Props
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Following The Highest USPAP Standards
VREF follows USPAP standards as their best practice for appraising aircraft. The purpose of USPAP is to ensure the credibility and reliability of appraisers nationwide. Four significant rules form the foundation of USPAP.
VREF acknowledges the trust and responsibility that aircraft owners and financial institutions place on its appraisers. Each appraisal must be objective, unbiased, thoroughly researched, and provided confidentially.
Before a VREF appraiser accepts an assignment, they are qualified to conduct the appraisal. The appraiser must have the minimum conditions of expertise required and be qualified for the particular type and use of the appraisal.
A working file for each appraisal must be stored and maintained. This record must also be readily available for audit and review.
Scope of Work
Each appraisal should fit the client’s needs, and any research and reporting done must be met based on proper industry training.
USPAP is a part of the Appraisal Foundation and is enforced through the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA). USPAP standards and requirements, adopted by Congress in 1989, are updated every two years so that appraisers have the most current information needed to produce unbiased appraisals for clientele. VREF goes the extra mile to guarantee your aircraft appraisal is accurate and reliable.
Start Working With A USPAP Compliant VREF Appraiser
Are you getting the best quality appraisal for your aircraft? Be sure to work with one of our Senior Accredited Appraisers and get an aircraft appraisal that is USPAP or International Valuation Standards (IVS) complaint.
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