Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

How long are licensed and certified appraisers required to maintain records relating to appraisal transactions?

April 26, 2017appraisal appraisers certified licensed maintain records relating transactions

0

Posted

How long are licensed and certified appraisers required to maintain records relating to appraisal transactions?

1 Answer

0

Posted

A. In most cases, licensed and certified appraisers are required to maintain records for at least 5 years. If the performance of an appraisal results in litigation, licensed and certified appraisers are required to maintain records for at least 2 years after the termination of any litigation related to the transaction for which the appraisal report was prepared. Refer to s. 458.18, Wis. Stats.