Property Valuation
A Montana appraiser must retain their appraisal workfile for a minimum of:
A1 year
B3 years
C5 years✓ Correct
D7 years
Explanation
Under USPAP, appraisers must retain their workfiles for at least 5 years after preparation or 2 years after final disposition of any judicial proceedings in which the appraiser provided testimony, whichever is longer.
Related Montana Property Valuation Questions
- In Montana, the 'land residual technique' in appraisal is used to:
- Depreciation in real estate appraisal refers to:
- In Montana, when an appraiser uses 'external comparable sales' from outside the immediate market area, they must:
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