Value estimates are always made as of a specific date called:
a. monthlies.
b. the market date.
c. the effective date of appraisal.
d. none of the above.
Answer (2)
The value estimates in appraisal are always made as of the effective date of appraisal , which is crucial for reflecting current market conditions. This date is important for negotiations, financing, and understanding market trends. Thus, option c is the correct answer. ;
The value estimates in real estate appraisal are made as of the effective date of appraisal, which is essential for reflecting current market conditions. This date impacts negotiations and finance decisions significantly. Therefore, the correct answer is c. the effective date of appraisal.
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