What is the primary purpose of a restricted appraisal report?

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The primary purpose of a restricted appraisal report is to limit the use of the appraisal to the client only. This type of report is typically prepared for the exclusive use of a specific client and is not intended for public distribution or for use by other parties. By restricting the distribution and use of the report, the appraiser ensures that the content is tailored to address the unique needs and requirements of the client, providing a more focused and relevant analysis.

In contrast, other options suggest broader accessibility or detail that are not applicable to a restricted appraisal report. For example, a comprehensive market analysis or a detailed explanation of the appraisal process implies a wider scope that goes beyond what is suitable for a restricted appraisal, which emphasizes confidentiality and specificity to the client's situation. Similarly, allowing public access to the appraisal findings contradicts the fundamental nature of a restricted report, which is designed to maintain privacy and limited use.

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