How many active Statements on Appraisal Standards are there currently in USPAP?

The correct answer reflects the current state of active Statements on Appraisal Standards within USPAP, which is a crucial part of understanding the regulatory framework of professional appraisals. As of now, there are no active Statements on Appraisal Standards.

The Statements were designed to provide guidance on the implementation of USPAP in specific situations, but the emphasis has shifted to a more streamlined version of appraisal standards over time. This means that while there have been Statements in the past, they are not currently operational, which underlines the importance of staying updated with USPAP guidelines and their active components. Understanding that USPAP focuses on evolving standards helps appraisers maintain compliance with the current regulatory landscape without relying on outdated materials.