Report Flashcards
1
Q
Exposure vs marketing time
Which one is required, if using FIRREA definition of value?
A
Exposure time
2
Q
Exposure vs marketing time
Which one is required by USPAP?
A
Exposure
3
Q
————- is the appraiser’s opinion of the amount of time the property would have been on the market before the effective date.
A
Exposure Time
4
Q
————— looks out into the future; it answers the question “If this property were put on the market today, how long would it take to sell it?”
A
Marketing time
5
Q
Which two dates must be stated in every written real property appraisal report?
A
effective date of the appraisal, and the date of the report.
