What must be included when reporting the results of an appraisal?

When reporting the results of an appraisal, including the Effective Date and Report Date is essential. The Effective Date refers to the date on which the appraiser's opinion of value applies, indicating the point in time at which the appraisal reflects market conditions. This is crucial because property values can fluctuate over time, and the Effective Date ensures that the user of the report understands the context of the valuation. The Report Date, on the other hand, is the date the appraisal report is completed and is important for establishing the timeline of the appraisal process.

Together, these dates frame the report, offering clarity on the appraisal's relevance, and helping clients and stakeholders in understanding how market conditions might have changed if they are looking at the report at a later date. Without these dates, the report would lack critical context that is necessary for its proper use and interpretation. Thus, including both the Effective Date and Report Date is a fundamental requirement in USPAP guidelines for a thorough and compliant appraisal report.