2.3.2.3.5. Sales History. Include a 10-year record of all sales and, if the information is available, any offers to buy or sell the subject property. If no sale of the property has occurred in the past 10 years, the appraiser must report the last sale of the property, irrespective of date. 

Information to be reported must include the name of the seller, name of the buyer, date of sale,124 price, terms and conditions of sale, and the appraiser’s verification of the sale and whether the transaction met the conditions required for a comparable sale under Section 1.5.2.2.

124 Terms and conditions of sale cannot, of course, be conclusively determined from the public record. Therefore, appraisers should confirm the sales of the subject property with one of the parties to the transaction.