Whom is a Restricted Appraisal Report intended for?

A Restricted Appraisal Report is specifically designed for a limited audience, typically intended for a client who has a specific need for the report but with restrictions on its use by others. These reports contain less detail than a complete appraisal report and are crafted to communicate the necessary information succinctly to the client.

When preparing a Restricted Appraisal Report, the appraiser highlights key conclusions and provides supporting data, but the depth and breadth of information are scaled back compared to other appraisal reports. As such, the formatting and the level of detail are tailored to ensure that the client can understand the appraisal's conclusions without the full scope of documentation that might be required for wider distribution or for regulatory purposes.

This specificity is what distinguishes a Restricted Appraisal Report from other formats such as standard Appraisal Reports, which are generally more detailed and intended for broader audiences. Understanding this limitation is crucial for appraisers to ensure that the report serves its intended purpose effectively.