What must a Restricted Appraisal Report provide, according to Standards Rule 8-2(b)?

A Restricted Appraisal Report is designed to convey a limited amount of information primarily to a specific intended user. According to Standards Rule 8-2(b), it is essential that this type of report provides information relevant to the appraiser's compliance with STANDARD 7, which focuses on the development of credible assignment results. This necessitates that the appraiser demonstrates adherence to established appraisal standards, including how the conclusion was reached and the data used in formulating the appraisal.

The requirement emphasizes the importance of ensuring that the intended user, while having a more concise report, still receives sufficient detail to understand the appraiser’s methodology and the conditions influencing the appraisal’s credibility. Thus, the correct response reinforces the idea that even in a restricted report, maintaining compliance with broader appraisal standards is critical to ensure transparency and trust in the appraisal process.