What is a restricted appraisal report?

A restricted appraisal report is primarily designed as a limited communication of appraisal results intended for specific clients. This type of report provides essential information tailored to the needs of the client who commissioned the appraisal but does not delve into as much detail or provide the same level of analysis as a comprehensive appraisal report. The restricted nature means that it is often not intended for public distribution and is focused on addressing the specific needs or questions of the client, typically with fewer supporting details about the property. This allows appraisers to offer valuable insights while maintaining confidentiality and prioritizing the client's unique requirements.

The other options don't accurately represent the nature of a restricted appraisal report. A detailed analysis of every property feature would characterize a comprehensive appraisal report rather than a restricted one. An extensive report aimed at public distribution suggests a broader audience and extensive details that go beyond the confined scope of a restricted report. Lastly, summarizing the benefits of property investment implies a promotional document rather than a factual appraisal intended for a specific client's use.