Under USPAP, is it acceptable to provide only a qualitative statement that value is higher or lower than a prior appraisal without giving a numeric value?

• A. Not under USPAP
• B. Yes
• C. No
• D. Only if requested

Answer: (B)

Under USPAP, the way value is presented can vary with the assignment and the scope of work. It’s permissible in some situations to state qualitatively that value is higher or lower than a prior appraisal, without providing a new numeric value, as long as the scope of work supports it and you clearly disclose the basis for the change. This often applies to updates, reconsiderations, or analyses focused on change over time rather than establishing a fresh numeric conclusion. The key is to accompany that directional statement with explanations of the data and reasons showing why the value direction has changed, and to note that no numeric amount is being provided if that is the case. If the client requires a numeric value or the assignment type calls for a new value conclusion, then a numeric value must be included.