Property Valuation
What is exposure time in a Nevada real estate appraisal?
AThe time it takes to photograph a property for listing
BThe estimated time the property would have been on the market prior to the appraisal date if listed at the appraised value✓ Correct
CThe time the appraiser spends at the property
DThe lender's review period after receiving the appraisal
Explanation
Exposure time is the appraiser's estimate of how long the subject property would reasonably have been marketed prior to the effective appraisal date if offered at the concluded value opinion. It is distinct from marketing time (post-appraisal) and is required in USPAP-compliant appraisals.
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