Property Valuation
A NC appraiser's 'workfile' for an appraisal must be retained for how many years?
A2 years
B5 years from the report date or 2 years after final disposition of any related legal proceedings (whichever is longer)✓ Correct
C10 years
DIndefinitely
Explanation
USPAP 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 testimony was given, whichever is longer.
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