Most appraisers would say that report writing is one of the most important functions that they perform. Assume that an appraiser is putting together a report for a single family home. Which of the following reporting options would be the most commonly used in this scenario?
A) Self-contained appraisal report
B) Summary appraisal report
C) Restricted appraisal report
D) Oral appraisal report

Question

Quizplus · Accepted Answer

The most commonly used reporting option for a single family home appraisal is the summary appraisal report. This report provides a summary of the appraiser's analysis, methods, and conclusions without providing as much detail as a self-contained appraisal report. It is a more cost-effective and efficient option for many clients. The other options, including the self-contained appraisal report, restricted appraisal report, and oral appraisal report, are less commonly used in this scenario.

Most Appraisers Would Say That Report Writing Is One of the Most