Certified Residential Appraiser Practice Exam

In a Restricted Appraisal Report with additional intended users, what must the appraiser do?

1. Identify the intended users only in the appendix

2. Identify these additional intended users by name in the report

3. Exclude any mention of additional users

4. Notify the client about the additional users

The correct answer is: Identify these additional intended users by name in the report

When conducting a Restricted Appraisal Report with additional intended users, the appraiser is required to identify these additional intended users by name within the report. This ensures clarity regarding who the appraisal is meant for, which is essential for transparency and accountability in the appraisal process. It helps prevent misunderstandings about who can rely on the report and reinforces the appraiser's professional obligation to communicate effectively with all parties involved. Naming the additional intended users directly in the report is crucial because it establishes a clear and formal acknowledgment of those parties' role in receiving and utilizing the appraisal. This also protects the appraiser by delineating their responsibilities and liabilities associated with the report. By listing these users, the appraiser ensures that all parties understand their position in relation to the appraisal's findings and conclusions.