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Types of Appraisal Reports

For residential appraisals, most are prepared using forms, such as the FNMA URAR, which stands for Uniform Residential Appraisal Report (Form 1004).

For commercial appraisals, most are prepared using narrative format, individually written by the appraiser for the specific appraisal assignment.

Prior to January 1, 2014, there were three basic types of appraisals allowed, which were called Restricted, Summary, or Self-Contained (full narrative).  Formats change throughout the years, but as of May 2023, there are two formats allowed, which are a Restricted Appraisal Report or an Appraisal Report.