Property Valuation
A Utah residential appraisal uses the URAR (Uniform Residential Appraisal Report) which is required by:
AThe Utah Division of Real Estate
BFannie Mae and Freddie Mac for most single-family residential appraisals✓ Correct
CThe Utah Assessment Department
DAll Utah lenders by state law
Explanation
Fannie Mae and Freddie Mac require the Uniform Residential Appraisal Report (URAR, Form 1004) for most single-family residential mortgage appraisals. This standardized form ensures consistent reporting of market data, comparable sales, and value conclusions.
Related Utah Property Valuation Questions
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