Mar 15, 2017 - 11:51 AM
State the type and definition of value and cite the source of the definition.
Further, the Comment to SR 2-2(a)(v) states, in part:
When an opinion of reasonable exposre time has been developed in complaince with Standards Rule 1-2(c), the opinion must be stated in the report.
Therefore, there is no requirement to include a definition of exposure time; however, the type and definition of value used in the assignment must be stated, and if exposure time is a component of that definition, the report must include the appraiser's estimate of reasonable exposure time.