1. Explain the difference between the date of value, the date of inspection, and the date...

 

Transcribed Image Text:

1. Explain the difference between the date of value, the date of inspection, and the date of the lappraical report Are these dates usualy the same or are they usually different? 2. Da you believe USPAP alows state-licensed appraisers to estimate values (1) as of a historical date and/or (2) as of a future date? 3. When selecting comparable sales, how far back in time do you think an appraiser should be allowed to go? Would your answer vary depending on the type of property being appraised? 4. Can you think of any instances where an appraiser might use comparable sales that sold after the date of value for the subject property? If so. can you provide some examples of when this might occur? 1. Explain the difference between the date of value, the date of inspection, and the date of the lappraical report Are these dates usualy the same or are they usually different? 2. Da you believe USPAP alows state-licensed appraisers to estimate values (1) as of a historical date and/or (2) as of a future date? 3. When selecting comparable sales, how far back in time do you think an appraiser should be allowed to go? Would your answer vary depending on the type of property being appraised? 4. Can you think of any instances where an appraiser might use comparable sales that sold after the date of value for the subject property? If so. can you provide some examples of when this might occur?

Answer rating: 100% (QA)

Q1 a Date of value A value date is a future date that is used for determining the present value of a ... View the full answer