Barry and Shirley have decided to proceed with listing their property with your agency.

Jim and Joel have decided to use another agency to lease their property through.

How would you store each client's appraisal report and supporting documents, given the different outcomes of the two scenarios?

Select one of the following.

1,

Keep both client's appraisal reports and supporting documents on file incase of future audit or dispute. Also can be used for future comparison appraisals.

2,

Discard Barry and Shirley's report as the listing agreement will replace all information in the appraisal report. Keep Jim and Joels appraisal report on file as it is the only information you have on their property.

3,

Keep Barry and Shirley's appraisal on file as they have decided to list with you. Jim and Joel's can be deleted because they have gone with another agency.

Answer rating: 100% (QA)

The detailed answer for the above question is provided below 3 Keep Barry and Shirleys appraisal on ... View the full answer