When reviewing a client request for a value conclusion at the owner's date of death, which statement is accurate regarding acceptance of the assignment?

Accepting an assignment to provide a value conclusion at the owner’s date of death is permissible as long as the appraiser is able to gather and utilize the appropriate data necessary to determine that value accurately. This means that the appraiser can accept the assignment if they can access historical data, market trends, or other pertinent information that reflects the property’s characteristics and market conditions at the time of the owner's death.

Providing a value conclusion that relates to a specific date, especially in contexts such as estate appraisals, often requires the appraiser to apply retrospective analysis. Therefore, if the appraiser collects adequate supplemental data that accurately reflects the market conditions and property values at that past effective date, this strengthens their ability to provide a valid and credible appraisal. This is consistent with professional appraisal standards that allow an appraiser to rely on retrospective methods and data when reconstructing value at a point in the past, given that all necessary information can be compiled and utilized effectively.