What type of appraisal report can an appraiser provide under USPAP for a business enterprise?

Under USPAP, an appraiser is allowed to provide both written and oral appraisal reports, and the flexibility to use either format is important for meeting client needs and communication preferences. An oral appraisal report specifically allows for immediate dissemination of appraisal findings to the client, which can be especially useful in situations requiring prompt feedback.

While written reports are often more comprehensive and formal, oral reports can serve as a quick and effective means of conveying appraisal results, particularly when complex issues are more easily discussed rather than documented. Furthermore, oral reports must still adhere to certain USPAP requirements to ensure that they are competent and credible, providing a sufficient basis for any conclusions drawn.

Other options mentioned, like visual or digital reports, do not align with the traditional formats recognized under USPAP. The focus is on the modes of reporting — written and oral — which are the established avenues for appraisers to present their findings.