The ethics provision of USPAP requires keeping an exact replica of all written appraisals.

Question

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The ethics provision of USPAP does not require keeping an exact replica of all written appraisals. However, it requires that a summary of the appraisal report be retained for a minimum of five years after preparation or at least two years after final disposition of any judicial proceeding in which testimony was provided related to the assignment, whichever period expires last.

The Ethics Provision of USPAP Requires Keeping an Exact Replica