Appraisal Standards Board

The Appraisal Standards Board (ASB) is an organization that establishes guidelines and principles for real estate appraisers in the United States. Its main purpose is to ensure that appraisals are conducted consistently and fairly, providing a reliable basis for valuing properties. The ASB develops the Uniform Standards of Professional Appraisal Practice (USPAP), which outlines the ethical and performance standards that appraisers must follow. By maintaining these standards, the ASB helps protect the integrity of the appraisal process, which is crucial for buyers, sellers, and lenders in real estate transactions.