Property Valuation
In Wyoming, an appraiser performing a drive-by (limited scope) appraisal for a lender is providing a:
AFull USPAP-compliant appraisal
BRestricted or limited appraisal with scope-of-work limitations disclosed in the report✓ Correct
CDesktop appraisal with no site inspection
DBroker price opinion equivalent to a formal appraisal
Explanation
A limited or restricted scope appraisal (sometimes called a drive-by or exterior-only inspection) restricts the scope of work compared to a full appraisal. USPAP requires that all scope-of-work limitations be clearly disclosed in the appraisal report so users understand what was and was not done.
Related Wyoming Property Valuation Questions
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