Property Valuation
When a Nebraska appraiser develops a 'restricted use report,' they must include a statement that the report:
ACannot be used for any mortgage financing
BIs intended for the sole use of the named client and may not be appropriate for other uses✓ Correct
CWas prepared without inspecting the property
DIs only valid for 30 days
Explanation
A Restricted Appraisal Report (formerly 'restricted use report' under older USPAP) contains minimal content and may only be used by the specific client named. It is not appropriate for third-party users or mortgage lending.
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