Property Valuation
USPAP requires a Maryland appraiser to maintain workfile records for at least:
A1 year from date of report
B5 years from the date of the report, or at least 2 years after final disposition of any judicial proceeding✓ Correct
C10 years from assignment
DUntil the property is sold again
Explanation
USPAP requires appraisers to retain workfile records for at least 5 years from the date of the report, or at least 2 years after final judicial disposition related to the appraisal, whichever is longer.
Related Maryland Property Valuation Questions
- Maryland market rent is defined as:
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