What is true about the values expressed in Summary and Restricted Use Appraisal Reports?

When evaluating the values expressed in Summary and Restricted Use Appraisal Reports, it's important to recognize that both types of reports hold a level of credibility, albeit with differences in their intended use and audience. The essence of the correct answer highlights that both report types can be considered equally credible in the context of their applications.

Summary reports provide a more comprehensive overview, including essential information and conclusions, making them suitable for a wider audience. They are structured to communicate findings effectively, but they do not inherently possess more credibility than Restricted Use reports, which are tailored for specific clients or needs.

On the other hand, Restricted Use reports may offer a more concise analysis, but their credibility is not diminished simply because they are shorter or less detailed. They are valid for their intended purpose and audience, which is typically specific to the client requesting the report. Thus, both types of reports maintain their credibility based on their adherence to appraisal standards, regardless of their format or depth.

Understanding this distinction allows appraisers and users of appraisal reports to select the appropriate type of report based on the specific circumstances and requirements, emphasizing that both types can effectively serve their roles within the appraisal process.