Property Valuation
An appraiser preparing a market value estimate for a NH residential property uses market data as of the 'effective date' of the appraisal. The effective date is:
AThe date the appraisal report is signed
BThe date for which the value opinion applies, which may be different from the date the report is completed✓ Correct
CThe date the property was last sold
DThe date of the buyer's loan application
Explanation
The effective date of appraisal is the date for which the value conclusion is applicable. For purchase transactions, it's typically the inspection date.
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