Property Valuation
In New Mexico, an appraiser preparing a restricted appraisal report (RAR) under USPAP must:
AFollow all USPAP standards without exception
BInclude fewer reporting requirements but still perform the full appraisal analysis — the restricted report is for client use only and may not be shared with third parties✓ Correct
COmit the sales comparison approach
DOnly estimate land value
Explanation
A Restricted Appraisal Report (RAR) under USPAP contains the minimum reporting disclosure. The appraiser still must develop and support the value opinion, but the report is restricted to the client and cannot be relied upon by third parties without the full appraisal report.
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