Diego Sorroche Fraticelli, MBA/Acc., DHt, ABAR, CMEA, SBA, CDEI, MIE is a Certified General Appraiser, Certified Review Appraiser, Certified Business Appraiser., and Certified Personal Property (M & E) Appraiser. Diego Sorroche holds a Master’s Degree in Business Administration and Accounting, having extensive management, accounting, and finance experience, as well as appraising experience with particular expertise in the field of commercial and industrial properties, business & business interests’ appraisal, eminent domain and expropriation, damages, machinery & equipment valuation, and as an expert witness, amongst other business and real estate related qualifications.
Additionally, Diego Sorroche is a Certified Mediator and Arbitrator in Puerto Rico, and member of the Puerto Rico Institute of Appraisers (IEPR), of the National Association of Certified Valuation Analysts (NACVA), the International Society of Business Appraisers (ISBA), the Institute of National Equipment and Business Brokers (NEBB), the Society of Business Analysts (SBA). Mr. Sorroche has particular expertise in hotel and casino development and operations and has provided set-up and consulting services to the Hotel & Casino industry.
Mr. Sorroche is a Certified National Instructor of Uniform Standards of Professional Appraisal Practice (USPAP), a Certified General Real Estate Instructor, and a Professor at the “Instituto de Evaluadores de Puerto Rico (IEPR)”.
What is and why USPAP? The Uniform Standards of Professional Appraisal Practice were adopted by the ISBA.
Applicable Sections of USPAP to Business Appraisers members of the International Society of Business Appraisers are:
- Ethics Rule
- Record Keeping Rule
- Competency Rule Scope of Work Rule
- Jurisdictional Exception Rule
o STANDARD 3 – Appraisal Review Development (for all disciplines)
o STANDARD 4 – Appraisal Review Reporting (for all disciplines)
o STANDARD 9 – Business Appraisal Development
o STANDARD 10 – Business Appraisal Reporting
Do your reports meet the USPAP requirements, particularly Standards 9 and 10?
Have your reports been reviewed by a review appraiser? Have you ever been asked to write an appraisal review report?
Get acquainted with your responsibilities under USPAP. Make sure that that you can certify that your reports comply with USPAP.