0
The effective date is the actual date that the appraiser is on the property, the market value at that specific time. A retrospective appraisal is an appraisal that gives the market value at another specific time other than when the appraisal is done. The retrospective appraisal utilizes information only up to the retrospective date. A good example for the need of a retrospective appraisal is fire, or the belief that a home was over appraised at an earlier date.
Still curious? Ask our experts.
Chat with our AI personalities
RafaThere's no fun in playing it safe. Why not try something a little unhinged?
Chat with Rafa
ProfessorI will give you the most educated answer.
Chat with Professor
JudySimplicity is my specialty.
Chat with JudyAdd your answer:
Earn +20 ptsQ: Difference between effective dated appraisal and retrospective appraisal?
Write your answer...
Submit
Still have questions?
Continue Learning about Accounting
What is the difference between potential gross income and effective gross income?
One is better than the other.
What is the average cost of a home appraisal?
between $200 and $300 average
What difference between cost and costing?
difference between cost and costing
What is the Difference between brokerage and commission?
difference between broker and commission agent
What is the difference between income and earnings?
there is no difference.
Trending Questions
If i make 40k what is my take home pay?
Types of qualification within the audit report?
What is wash account?
How long does it take for the IRS treasury department to send out checks?
What is bussiness?
How do you calculate taxes if you are a 1099 employee?
Who coined the term management accounting?
What are some examples of non-business organizations?
Why do you prepare Trial Balance?
Can you depreciated leased office equipment?
Distinguish between Internal External audit?
What barclays bank has the sort code 204528?
When is the last day to file taxes for refund of taxes paid?
Credit card transaction using data flow diagram?
How is the Bonds Payable account classified on the balance sheet?
How do you calculate inventory turns reduction savings?
Where can one find online business accounting?
If an adult child gives his parents a monetary gift of 12000 cash will the adult child be allowed to write that off on his tax return?
What are theAdvantages of accounting information disclosure?
What is the local income tax rate for rostraver pa?
Copyright ©2025 Infospace Holdings LLC, A System1 Company. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.