What is a defining feature of a Restricted Use Appraisal Report?

A defining feature of a Restricted Use Appraisal Report is that it is tailored specifically for the client and is intended for the client's use only. This means that the report contains information and conclusions that are relevant and useful solely to the client and not for distribution to third parties. Restricted Use Appraisal Reports are often less comprehensive than other types of reports due to the limited audience, focusing on the needs of the client without extraneous details that would be necessary for broader audiences.

In contrast, reports that are meant for public distribution and can be shared with multiple parties would not have the restrictions typical of a Restricted Use Appraisal Report. Such reports are designed to communicate findings clearly to a diverse audience and often contain more detailed explanations and analyses. Additionally, an appraisal report solely for asset liquidation would imply a specific purpose beyond the more generalized application of a Restricted Use Appraisal Report, which is not limited to liquidation scenarios.