When reporting the results of an appraisal, which dates must be included?

• A. Date of inspection and effective date
• B. Report date and valuation date
• C. Date of engagement and report date
• D. Effective date and report date

Answer: (D)

The essential dates in an appraisal report are the effective date and the report date. The effective date, often called the date of value, anchors the conclusions to a specific point in time, showing the state of the market and the information available as of that date. The report date is when the appraisal conclusion is communicated, indicating when the report was issued and helping determine the current status of the assignment. While other dates like inspection or engagement dates may appear for context, USPAP requires these two dates to establish what moment the value applies to and when the findings were reported.