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USPAP’s definition of misleading leaves no wiggle-room at all! This definition, a new one for 2020, should open your eyes! First of all, it’s very tightly-worded. Likewise, even a minor error becomes an ethics violation quickly. Furthermore, how will state appraisal boards interpret this new definition of misleading? Will those boards take into consideration the appraiser’s intent? They can’t take this into consideration!. Since this new definition does not allow for that, how can they? Similarly, what are the ramifications for the real estate appraisal industry? Seems like we appraisers may have a problem with this new definition! Tim Andersen, The Appraiser’s Advocate, takes on the challenge! His advice? Finally, what does Tim suggest? Cover your assets! USPAP’s definition of misleading is a game-changer! This new definition should scare all appraisers!