Unit 1- Overview of Residential Reporting

Question 1

Any communication, written, or oral, of an appraisal or appraisal review that is transmitted to the client or a party authorized by the client upon completion of assignment

Answer 1

Report

Question 2

The PREAMBLE of USPAP references (in part) appraisal reporting through a general caveat:

Answer 2

It is essential that appraisers develop and communicate their analyses, opinions, and conclusions to the intended users of their services in a manner that is meaningful and not misleading.