Appraisal Report: Intended Use
The intended use of the appraisal report will always be stated in the report. Some examples of intended uses are:
Mortgage finance transaction
Estate planning purposes
Purchase transaction negotiations
Personal knowledge of property value
Intended Use: “The use or uses of an appraiser’s reported appraisal … opinions and conclusions, as identified by the appraiser based on communication with the client at the time of the assignment.” Source: USPAP, 2014-2015, U-3.