Property Valuation
In Virginia, the 'effective date' of an appraisal is:
AThe date the report is signed by the appraiser
BThe date as of which the opinion of value applies✓ Correct
CThe date the client ordered the appraisal
DThe property's closing date
Explanation
The effective date of an appraisal is the date as of which the value opinion applies. It may be the inspection date, a historical date (retrospective), or a future date (prospective).
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