- Jan 21, 2002
- Professional Status
- Certified General Appraiser
I put this comment on all 2055 reports:
THIS IS A LIMITED/SUMMARY APPRAISAL REPORT. .
I just have one minor dissagreement. You should say THIS IS A LIMITED APPRAISAL - SUMMARY REPORT.
What I am trying to get at is that there are (per USPAP) 2 types of APPRAISALS Limited or Complete. And there are 3 types of REPORTS (reports are how you communicate the appraisal to the client) Restricted, Summary, and Self Contained.
I think all forms fall (or should fall) into the Summary Format, however I suppose you could use them as a restricted. Self contained is a narrative report. Please set me stright if I have this wrong.