What is the standard form used for reporting a residential appraisal?

• A. Appraisal Report Form
• B. Uniform Residential Appraisal Report
• C. Residential Valuation Document
• D. Uniform Real Estate Appraisal

Answer: (B)

The standard form used for reporting a residential appraisal is the Uniform Residential Appraisal Report. This form is the industry standard for single-family homes and is typically required by lenders for mortgage underwriting. It provides a consistent structure for presenting essential data such as property details, site and neighborhood information, and the appraisal methods (often including the sales comparison approach). Because lenders and investors rely on uniform data, the URAR (often referred to by its form number 1004) makes it easy to compare appraisals across different properties. There are other specialized forms for different property types, but for a typical residential appraisal, this is the form most commonly used.