Under 2024 USPAP Standards Rule 1-5, when developing an opinion of market value and the information is available in the normal course of business, which subject-property information must an appraiser analyze?
Correct Answer
D) The subject’s current agreements and listings and three years of transfers
When developing market value and the information is normally available, analyze the subject’s current agreements, options and listings plus sales and other transfers during the preceding three years. These are subject-specific duties measured by the effective date, not a fixed comparable-search radius.
Why This Is the Correct Answer
When developing market value and the information is normally available, analyze the subject’s current agreements, options and listings plus sales and other transfers during the preceding three years. These are subject-specific duties measured by the effective date, not a fixed comparable-search radius.
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