What document typically specifies the effective date of appraisal for a property?

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The appraisal report is the document that typically specifies the effective date of appraisal for a property. This date is important as it signifies the point in time at which the property was evaluated, which is essential for determining its market value accurately. The effective date also helps establish relevance and context for the appraisal results, especially in fluctuating real estate markets.

Other documents mentioned do not serve this specific purpose. For instance, a sales contract outlines the terms of sale between buyers and sellers, while a property deed officially transfers ownership but does not provide appraisal details. The listing agreement is a contract between a property owner and a real estate agent to market the property, and it does not specify appraisal dates or values. Thus, the appraisal report stands out as the relevant document that communicates the specific timing of the valuation process.

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