What is the main difference between self contained appraisal reports and summary appraisal reports?
Similarly, you may ask, what are the 3 types of appraisal reports?
In addition to these two types of appraisals, there are three types of report formats: self-contained, summary, and restricted.
Also question is, what is a self contained appraisal?
self-contained appraisal report. a written appraisal report that contains all the information required by USPAP, with extensive detail. Contrast with restricted appraisal, summary appraisal. Example: A self-contained appraisal report includes a high level of detail in the written report.
There are now only two types of appraisal reports: Restricted Appraisal Reports and Appraisal Reports. In the 2012-2013 version of USPAP, there were three written appraisal reporting options: Restricted-Use Appraisal Reports, Summary Appraisal Reports, and Self-Contained Appraisal Reports.