An appraiser's report must identify the intended use and intended users of the appraisal. Why does USPAP require this information?
Correct Answer
B) So the intended use and users can be identified, which helps determine the appropriate scope of work and limits who may rely on the report
Identifying the intended use (such as mortgage lending or estate settlement) and intended users (such as the lender or executor) helps the appraiser determine the appropriate scope of work. It also limits who may rely on the appraisal conclusions.
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