Property Valuation
What is a narrative appraisal report in Nevada and when is it used?
AA verbal appraisal given by the appraiser at closing
BA comprehensive written appraisal report providing detailed analysis, data, and reasoning in narrative form — used for complex, high-value, or litigated properties✓ Correct
CA short form appraisal for residential properties
DAn appraisal required by NRED for commercial transactions
Explanation
A narrative appraisal report is the most comprehensive type of appraisal report under USPAP. It provides extensive detail, analysis, and explanation of the appraiser's methodology and conclusions. Used for complex properties, litigation, or when stakeholders require full documentation.
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