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Sales History For Commercial Properties?

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Brandi Bollack

Freshman Member
Joined
Jan 29, 2003
Hoping someone can help me out with this. Texas (and probably most other states) require a residential appraiser to now go back 3 years for sales/listing history. Does any know how many years we are required to go back on a commercial property? I recently took the Texas Residential Certified exam and this question was on it, just want to know the right answer. Can't seem to find it in USPAP. :( Thanks.
 

Patrick Egger

Sophomore Member
Joined
May 29, 2003
Professional Status
Certified General Appraiser
State
Nevada
Commercial has always had the 3 year rule ....
 

Mountain Man

Elite Member
Joined
Jan 15, 2002
Professional Status
Certified General Appraiser
State
Georgia
It was 1 year for residential and 3 year for commercial. But now, with the 2003 USPAP changes, it's 3 years for all types of properties.
 

Brandi Bollack

Freshman Member
Joined
Jan 29, 2003
Thank you for the clarification. When residential increased I wasn't sure if commercial had as well. Thanks again.
 
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