Retail Replacement Value:
Retail Replacement Value as defined by the Uniform Standards of Professional Appraisal Practice is "the highest amount in terms of U.S. dollars that would be required to replace a property with another of similar age, quality, origin, appearance, provenance and condition within a reasonable length of time in an appropriate and relevant marketplace".
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Fair Market Value:
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U.S.P.A.P.:
Uniform Standards of Professional Appraisal Practice