Is a Restricted Appraisal Report permitted if an appraiser identifies an additional intended user?

A Restricted Appraisal Report is designed for a limited audience, primarily the client, and does not intend to cater to additional users who may require broader access to the findings. According to the Uniform Standards of Professional Appraisal Practice (USPAP), this type of report has specific limitations in terms of intended use and intended user.

When an appraiser identifies an additional intended user, it generally changes the scope of the report, necessitating a different type of appraisal report that adequately addresses the needs of all users. Without this adherence to USPAP’s stipulations, the integrity and reliability of the appraisal could be compromised. Therefore, in this context, the essence of the reporting is to remain focused on the original intent, making it clear that no additional users can rely on a Restricted Appraisal Report without specific compliance measures that involve a change in the report structure.

Thus, because USPAP sets forth strict guidelines regarding the intended users and the format of appraisal reports, the assertion that a Restricted Appraisal Report is not permitted when an additional intended user is identified aligns with best practice standards in the appraisal profession.