According to USPAP, what does competence not require?

Competence, as defined by the Uniform Standards of Professional Appraisal Practice (USPAP), implies the ability to perform the appraisal task at an acceptable level, which does not necessitate perfection. The appraisal process is inherently complex, and achieving perfection in every aspect of it is unrealistic and impractical. Instead, competence focuses on maintaining a level of skill, knowledge, and judgment that is sufficient to meet the needs of the specific appraisal assignment.

While experience, knowledge, and training contribute significantly to an appraiser's competence, the absence of perfection does not undermine the ability to provide a credible appraisal. Appraisers are expected to produce work that is thorough, relevant, and well-supported by evidence; they should strive for accuracy but are also human and must recognize that mistakes can occur. Therefore, the correct understanding of competence within the context of USPAP is that it allows for reasonable limitations, acknowledging that while appraisers should aim for high standards, absolute perfection is not a requirement for professional appraising.