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USPAP 2018-2019 Edition

© The Appraisal Foundation

48

STANDARD 7

(b) analyze all prior sales of the subject property that occurred within a reasonable and applicable time

period if relevant given the intended use of the appraisal and property type.

Comment: The data needed for the required analyses in Standards Rule 7-5(a) and 7-5(b) may not be

available or relevant in all assignments. See the Comments to Standards Rules 8-2(a)(viii) and 8-2(b)(viii) for

corresponding reporting requirements.

STANDARDS RULE 7-6

In developing a personal property appraisal, an appraiser must:

(a) reconcile the quality and quantity of data available and analyzed within the approach or approaches

used; and

(b) reconcile the applicability and relevance of the approach or approaches, methods and techniques used to

arrive at the value conclusion(s).

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