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T/F:A real property report is current if it was obtained by the current owner of the property

1 Answer

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Final answer:

The statement is false. An RPR must accurately reflect the current state of the property, and changes to the property require the RPR to be updated to remain current, regardless of when the current owner obtained it.

Step-by-step explanation:

The statement is false. A real property report (RPR) is a legal document prepared by a qualified land surveyor that shows the boundaries and measurements of a property as well as the location of any buildings, improvements, easements, and encroachments relative to the property boundaries. An RPR is not necessarily current just because it was obtained by the current owner of the property; it must accurately reflect the current state of the property.

To be considered current, an RPR must showcase the present conditions of the property. If any changes have been made to the property, such as new structures, renovations, or removals, after the RPR was last updated, then the report would not be considered current. It is essential for the owner to update the RPR to reflect the changes in order to have a document that is truly representative of the current state of the property.

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