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The URAR form has been identified by the ASB as generally meeting the reporting requirements for a:

a. Self-Contained Appraisal Report
b. Appraisal Report
c. Restricted Appraisal Report
d. Limited Report

User Simon Mo
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1 Answer

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Final answer:

The URAR form is recognized by the ASB as typically satisfying the criteria of an Appraisal Report, providing a comprehensive analysis used in various property valuation contexts.

Step-by-step explanation:

The URAR form, also known as Uniform Residential Appraisal Report, is a comprehensive appraisal document that is widely used in the real estate industry. When referring to the URAR form, the Appraisal Standards Board (ASB) identifies this form as generally meeting the reporting requirements for an Appraisal Report. Unlike a Restricted Appraisal Report, which offers a more limited scope and is intended for client use only, or a Self-Contained Appraisal Report, which is a detailed narrative report, the URAR form provides a comprehensive analysis that is typically sufficient for a broad range of uses, including mortgage lending purposes.

User Jasoneer
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