What is the requirement for an appraisal review report?

The requirement that an appraisal review report must be separate from the work under review is essential because it ensures objectivity and clarity. By having the appraisal review distinct from the original appraisal, the reviewer can provide an unbiased analysis without the influence of the original appraiser's findings. This separation maintains the integrity of the appraisal process, allowing stakeholders to adequately assess the quality and reliability of the original appraisal. Moreover, a separate report helps prevent any potential conflicts of interest and allows for a focused examination of the appraisal in question, evaluating its methodology, conclusions, and adherence to applicable standards without interference from the original work.

In contrast, while other options suggest various characteristics of appraisal review reports, they do not necessarily align with the core requirements outlined in the Uniform Standards of Professional Appraisal Practice (USPAP). For example, although written reports are typically preferred for clarity, they are not the only permissible format within certain contexts. Also, the use of pre-printed report forms is not a requirement, as appraisers may have flexibility in how they present their findings. Lastly, USPAP does have minimum content requirements for an appraisal review report; thus, stating there are none is inaccurate.