Property Valuation
What is the purpose of a 'restricted appraisal report' in New Mexico?
ATo provide a full detailed appraisal for complex properties
BA condensed report format for limited use, typically between appraiser and client only, with less detail than a full report✓ Correct
CA report restricted by law from being shared
DAn appraisal limited to properties under $100,000
Explanation
A Restricted Appraisal Report (under USPAP) contains minimum detail and is intended for the client's use only. It references (rather than details) the appraiser's analysis and is inappropriate for third-party reliance.
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