A joist is a horizontal structural member that provides support to the floor or ceiling of a building. It is typically made of wood, steel, or engineered wood products. Joists are installed parallel to each other and spaced at regular intervals to create a framework for the floor structure.
USPAP stands for "Uniform Standards of Professional Appraisal Practice."
Standard 3 in the Uniform Standards of Professional Appraisal Practice (USPAP) covers the requirements associated with appraisal review assignments that involve an appraisal of real property or personal property.
There are ten Statements on Appraisal Standards (SAS) included in the USPAP (Uniform Standards of Professional Appraisal Practice). These SAS provide guidance and clarification on specific topics related to appraisal practice, addressing various aspects such as appraisal development, reporting, review, and specific property types or appraisal methodologies. Each SAS focuses on a particular area or issue to provide additional guidance and interpretation of the standards outlined in the USPAP.
Standards 7 and 8 in the Uniform Standards of Professional Appraisal Practice (USPAP) cover the requirements for personal property appraisal development and reporting.
