Property Valuation
In Indiana, a 'drive-by' or 'desktop' appraisal (restricted appraisal) compared to a full USPAP appraisal:
AProvides more detailed information for the lender
BProvides less detail and carries more limitations on use✓ Correct
CIs legally required for all residential transactions
DHas no practical difference from a full appraisal
Explanation
A restricted (limited) appraisal has significant scope of work limitations and is intended for a specific client's use only. Unlike a full summary appraisal, it cannot be used by other parties and should not be relied upon for major financing decisions.
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