Property Valuation
What is the primary difference between a 'restricted use' appraisal report and a 'complete' appraisal report in Idaho?
AThere is no difference
BA restricted use report has limited detail and is intended only for the client's use; a complete report provides full documentation✓ Correct
CRestricted use reports are only for commercial properties
DComplete reports are only required for FHA loans
Explanation
Under USPAP, a Restricted Appraisal Report has limited content and is intended only for the client. A more detailed report provides full documentation and reasoning. Lenders typically require more detailed reports.
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