Which edition of USPAP is recommended for guiding the review appraiser in their appraisal activity for a property with an effective date in 2007?

The recommended approach in this scenario is to utilize the current edition of the Uniform Standards of Professional Appraisal Practice (USPAP). This is because the current edition provides the most up-to-date standards and practices that guide appraisers in their work. It is essential for a review appraiser to follow the latest guidelines to ensure compliance with the most recent regulatory and professional requirements.

Using the current edition is particularly important because appraisal methodologies, ethical standards, and regulatory frameworks evolve over time. By adhering to the latest standards, the review appraiser can ensure that their evaluation aligns with contemporary practices and expectations, even when the effective date of the original appraisal was in 2007.

While a historical edition like the 2006 version may provide context or relevant practices from that time, relying solely on past guidelines could lead to outdated interpretations, thereby compromising the appraisal's quality and relevance. Consulting both the 2006 and the current editions can offer a broader understanding, but the definitive guidance would always come from the current edition to reflect the present standards in the industry.