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Accuracy of Property Data – Important as Ever?

This is a guest post authored by Robert T. Murphy

I have had some discussion lately with valuation industry participants regarding the importance of the appraiser obtaining accurate property data as well as understanding its source for comparable properties considered in an appraisal. These discussions are the result, in part, of the addition of Advisory Opinion #37 (AO-37) to the Uniform Standards of Professional Appraisal Practice (USPAP) coming in January 2018.

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