58.         Paper Copies of Electronically Transmitted Reports

 

Question:

Are appraisers required by USPAP to retain a paper copy of electronically transmitted appraisal reports?

 

Response:

No. The Record Keeping section of the ETHICS RULE requires appraisers to prepare and retain written records of appraisal, appraisal review, and appraisal consulting assignments. However, the Comment states: 

 

 

 

A photocopy or an electronic copy of the entire actual written appraisal, appraisal review, or appraisal consulting report sent or delivered to a client satisfies the requirement of a true copy.

 

 

Therefore, a paper copy is not required.

 

 

 

 

 

 

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USPAP 2008–2009 Edition
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