Property Valuation
A NC appraisal that states the value 'as of' a specific date is reporting the property's value:
AFor the current calendar year
BOn that specific effective date, which may be past, present, or future✓ Correct
COn the date the appraisal report is delivered
DFor the period of the mortgage loan
Explanation
An appraisal's effective date is the date to which the value conclusion applies — it may be the same as the report date, a past date (retrospective), or a future date (prospective).
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