Property Valuation
A Florida appraiser performing a 'retrospective' valuation for a divorce settlement in 2020 for a property that was purchased in 2018 would use:
ACurrent 2024 market data
BMarket data that was available or known as of the specified past valuation date (2018 or whenever the effective date is set)✓ Correct
CThe original purchase price as the value
DThe average of current and purchase prices
Explanation
In a retrospective appraisal, the appraiser uses only data that was known or knowable as of the specified past effective date — not current data. The goal is to reconstruct what the market said about value at the historical date.
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