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USPAPHARD18.2% of exam

For a Fannie Mae URAR, market evidence supports stable property values while marketing time has lengthened from 30 to 90 days. How should the appraiser report the findings?

Correct Answer

C) Report stable values and separately report and explain the longer marketing time

Property values and marketing time are separate indicators. Report the supported stable value trend and longer marketing period; neither suppress the time trend nor infer a price decline from it alone.

Answer Options
A
Report rapidly increasing property values in the area
B
Report stable values and omit the marketing-time change
C
Report stable values and separately report and explain the longer marketing time
D
Report declining property values, because the marketing time has increased

Why This Is the Correct Answer

Property values and marketing time are separate indicators. Report the supported stable value trend and longer marketing period; neither suppress the time trend nor infer a price decline from it alone.

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