Property Valuation
A Mississippi appraiser is required by USPAP to maintain the workfile for an appraisal for at least:
A1 year from the date of the report
B5 years from the date of the report, or at least 2 years after final disposition of any judicial proceeding in which the appraiser provided testimony, whichever is longer✓ Correct
C10 years for all appraisals
DOnly until the transaction closes
Explanation
USPAP Record Keeping Rule requires appraisers to retain workfiles for at least 5 years after the date of the report OR at least 2 years after final disposition of any judicial proceeding in which the appraiser provided testimony relating to the assignment, whichever period expires last.
Related Mississippi Property Valuation Questions
- A special-purpose property in Mississippi (e.g., a church or school) is most often appraised using the:
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