Property Valuation
In New York, a 'limiting condition' in an appraisal report is:
AA conclusion that limits the property's value
BA restriction on the use of the report or an assumption made by the appraiser affecting the analysis✓ Correct
CA zoning restriction on the property
DA condition imposed by the lender
Explanation
Limiting conditions in an appraisal report are assumptions or restrictions that define the scope and reliance of the appraisal, such as not having inspected inaccessible areas, reliance on provided information, or limiting the use of the report to the identified client.
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