What does USPAP stand for?

USPAP stands for Uniform Standards of Professional Appraisal Practice. This set of standards is essential in the appraisal profession, as it provides a framework for appraisers to ensure that their work is both consistent and credible. Developed by the Appraisal Standards Board of the Appraisal Foundation, USPAP is intended to promote public trust in the appraisal process by establishing standards that all appraisers must follow. By adhering to these standards, appraisers can provide reliable valuations that clients and the public can rely upon, which is critical in various real estate transactions and assessments.

The other options do not accurately reflect the established terminology and purpose associated with USPAP, which is strictly about uniformity and consistency in appraisal practices rather than broader or unrelated concepts.