Appraisal Reports

The Uniform Standards of Professional Practice (USPAP) allows two report formats: Appraisal Report and Restricted Report.

Appraisal Report: The intent of this report option is to sufficiently, and thoroughly describe the data, reasoning and analysis used to develop the opinion of value.

Restricted Report: In this report option the appraisal is conveyed in a brief statement format without explanation of the market data considered or the appraiser's reasoning and analysis used to develop the opinion of value. All of the reasoning and data used in the analysis is retained in the appraiser's work papers.
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