What are the two key dates that must be included in reporting the results of an appraisal?

The inclusion of the effective date and report date in appraisal reports is crucial for several reasons. The effective date reflects the point in time at which the valuation conclusion applies, representing the market conditions and property characteristics that were relevant at that moment. This date establishes the context for the appraisal and allows users to understand the conditions that pertained at that time.

On the other hand, the report date indicates when the appraisal report was completed and made available to the client. This helps to clarify the age of the report and ensures that users are aware of the timeframe in which the appraisal findings were published. The distinction between these two dates is essential as it provides transparency and ensures that stakeholders accurately interpret the appraisal's relevance and applicability.

In contrast, the other options either combine dates that do not fit typical appraisal practices or focus on less critical aspects of the appraisal process. For example, while the inspection date is important in evaluating the property, it does not carry the same significance as the effective date regarding the appraisal's applicability.