What is true about the use of standard appraisal reporting forms?

The use of standard appraisal reporting forms is not mandated by Standard 2 of the Uniform Standards of Professional Appraisal Practice (USPAP). While these forms are often utilized for their consistency and ease of communication, and they help ensure that essential information is conveyed clearly, appraisers have the discretion to use other methods of reporting that they believe are appropriate for the assignment at hand.

Standard 2 emphasizes that appraisers must provide sufficient information to support their opinions and conclusions, but it does not specify that standard forms are obligatory. Instead, it underscores the obligation to ensure that appraisals are clear, credible, and sufficient to serve their intended purpose, regardless of the format. This flexibility allows appraisers to choose the most suitable reporting method based on the specific needs of the client or the nuances of the property being appraised.