An appraiser may not use a Restricted Appraisal Report when:
Correct Answer
B) There are intended users other than the client
Why this is correct: There are intended users other than the client. A Restricted Appraisal Report is permitted only when the client and any specifically named users are the only intended users who agree to the restriction. If other parties need to understand the report from its content alone, a fuller Appraisal Report is required. Why the other choices are wrong: The client is a private individual is permissible. The property exceeds a certain value threshold is not a restriction under USPAP. More than one approach was developed is irrelevant to report type selection. Exam tip: Restricted Reports are for a closed group of users who can access the workfile.
Why This Is the Correct Answer
Why this is correct: There are intended users other than the client. A Restricted Appraisal Report is permitted only when the client and any specifically named users are the only intended users who agree to the restriction. If other parties need to understand the report from its content alone, a fuller Appraisal Report is required. Why the other choices are wrong: The client is a private individual is permissible. The property exceeds a certain value threshold is not a restriction under USPAP. More than one approach was developed is irrelevant to report type selection. Exam tip: Restricted Reports are for a closed group of users who can access the workfile.
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