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appraisal date. Day as of which an appraiser's estimate of value applies.
In this, appraisers were to identify six key parts of the appraisal problem at the beginning of each assignment: 1  Client and other intended users. 2  Intended use of the appraisal and appraisal report. 3  Definition of value (e.g., market, foreclosure, investment) 4  Any hypothetical conditions or extraordinary assumptions.