Question

For Fannie Mae purposes, the date of the report is _________.

a. The date the property is inspected
b. The date the report is signed
c. The date the appraiser accepts the assignment
d. Irrelevant

Answer 1

The date of the report for Fannie Mae purposes is the date when the appraisal report is signed by the appraiser.

Step-by-step explanation:

For Fannie Mae purposes, the date of the report is the date the report is signed. This specific date indicates when the appraiser has completed the appraisal process and finalized the document, declaring that the information within is accurate to the best of their knowledge and belief. It's essential for the integrity of the appraisal process that the report is signed on the date that all analyses and conclusions about the property's value are reported.