USPAP 2008–2009
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When
the value opinion to be developed is market value, an appraiser must,
if such information is available to the appraiser in the normal course
of business: (note14)
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(a) |
analyze all agreements of sale, options, and listings of the subject property current as of the effective date of the appraisal; and
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(b) |
analyze all sales of the subject property that occurred within the three (3) years prior to the effective date of the appraisal. (note15)
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Comment: See the Comments to Standards Rules 2-2(a)(viii), 2-2(b)(viii), and 2-2(c)(viii) for corresponding reporting requirements relating to the availability and relevance of information. |
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USPAP 2008–2009 Edition
©The Appraisal Foundation