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USPAPMEDIUM18.2% of exam

Which statement correctly describes client and other intended-user identification in written real-property appraisal reports under USPAP 2024 SR 2-2(a) and (b)?

Correct Answer

A) Identify the client; other users by name or type, but by name only in a restricted report

Written reports identify the client or give the permitted anonymity statement while retaining identity in the workfile. Additional intended users can be identified by name or type in an Appraisal Report, but must be named in a Restricted Appraisal Report. Receipt alone does not confer intended-user status.

Answer Options
A
Identify the client; other users by name or type, but by name only in a restricted report
B
Every report must state the appraisal fee and the name of every comparable’s owner
C
Client anonymity lets the appraiser omit all client information from both report and workfile
D
Any person who receives a copy of the report automatically becomes an identified intended user

Why This Is the Correct Answer

Written reports identify the client or give the permitted anonymity statement while retaining identity in the workfile. Additional intended users can be identified by name or type in an Appraisal Report, but must be named in a Restricted Appraisal Report. Receipt alone does not confer intended-user status.

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