Definition: A USPAP reporting option with reduced reporting detail and restrictions on who may rely on the report, subject to current standards.
Example
An appraiser and client select the reporting option only when the intended use and intended users permit it.
Keep the distinction clear
Restricted describes the report, not permission to skip required appraisal development. Current USPAP can permit specifically identified additional intended users; do not assume the option always means client-only.
Related terms
Appraisal ยท Uniform Standards of Professional Appraisal Practice (USPAP)
Keep studying
References: The Appraisal Foundation: USPAP
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