FREQUENTLY ASKED QUESTIONS
58. Paper Copies of Electronically Transmitted Reports
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Question: |
Are appraisers required by USPAP to retain a paper copy of electronically transmitted appraisal reports?
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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:
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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.
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Therefore, a paper copy is not required. |
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USPAP 2008–2009 Edition
©The Appraisal Foundation