Soren is an appraiser. As such, what guidelines must he follow?

In the field of real estate appraisal, appraisers like Soren must adhere to the Uniform Standards of Professional Appraisal Practice (USPAP). USPAP is a set of guidelines and standards established to promote and ensure quality assurance in the appraisal profession. These standards outline the ethical and performance requirements that appraisers are expected to follow when preparing appraisals, thus ensuring that appraisals are conducted in a reliable and consistent manner.

Following USPAP helps maintain credibility within the real estate industry, providing a framework that protects both the consumer and the appraiser. It covers various aspects including ethical behavior, competency, and due diligence in the appraisal process, which are crucial for achieving trusted appraisals.

While other guidelines, such as the NAR Code of Ethics or the bylaws of the National Association of Appraisers, may also hold value in the broader context of real estate practice, they do not specifically govern the appraising process as extensively as USPAP does. Real estate license law has relevance to the licensing of appraisal professionals but does not detail the specific standards related to the actual appraisal work itself. Therefore, the adherence to USPAP is paramount for Soren's role as an appraiser.