Property Valuation
A North Dakota appraiser performing a 'restricted appraisal report' provides:
AThe most comprehensive and detailed appraisal report
BA simplified report format with limited information, intended for a single identified client✓ Correct
CAn appraisal that can be used by any party
DAn appraisal that is invalid for any purpose
Explanation
Under USPAP, a Restricted Appraisal Report has the least comprehensive reporting requirements and is intended for a single identified client. It contains limited information and cannot be understood without additional information from the appraiser's workfile.
Related North Dakota Property Valuation Questions
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