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Retrospective Appraisal
According to Statement on Appraisal Standards No. 3 (SMT-3), Retrospective Value Opinions, in the
2006 edition of the Uniform Standards of Professional Appraisal Practice (USPAP), retrospective ap-
praisals (appraisals with an effective date prior to the date of the report) may be required for certain mat-
ters. In its statement, the Appraisal Standards Board concluded, "Data subsequent to the effective date
may be considered in estimating a retrospective value as a confirmation of trends that would reasonably
be considered by a buyer and seller as of that date."
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