Property Valuation
A 'restricted use appraisal report' in Alaska is distinguished from a 'summary appraisal report' because it:
AProvides more detailed support for the appraiser's conclusions
BContains less detail and is restricted to use by specified parties only✓ Correct
CIs used only for commercial property appraisals
DRequires field inspection of the property
Explanation
A restricted use (now called 'restricted appraisal report' under USPAP) contains minimal detail and is intended for limited use by a specified client. Summary reports contain more information; narrative reports (now 'appraisal reports' or 'self-contained reports') contain the most detail.
Related Alaska Property Valuation Questions
- The cost approach is MOST reliable for which type of property?
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