Which statement is true regarding a Recertification of Value?

Study for the National Uniform Standards of Professional Appraisal Practice Test. Use multiple choice questions and flashcards to prepare effectively. Each question provides explanations and hints. Be ready for your exam success!

The true statement regarding a Recertification of Value is that it does not change the effective date of the value. A Recertification of Value is typically issued to confirm that the provided appraisal value remains valid and applicable after a certain period, especially if the market conditions haven't significantly shifted since the original appraisal. The effective date set in the original appraisal remains unchanged during this process; therefore, the value can still be relied upon within the context and time frame established by the original appraisal.

In contrast to the other options, a Recertification does not involve an updated effective date to the current moment or establish a future prospective date—it merely affirms the existing value. It also does not generate a new appraisal or report but reinforces the original appraisal's validity.

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