Property Valuation
A Maine appraiser is asked to provide a 'restricted use appraisal report.' This type of report is:
AMore detailed than a standard appraisal
BIntended for the sole use of the client and contains limited information✓ Correct
COnly allowed for commercial properties
DRequired for all FHA appraisals
Explanation
A restricted use (or restricted appraisal) report under USPAP is limited in scope and detail and is restricted to use by the named client. It is not appropriate when the report will be shared with third parties.
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