<P> A Uniform Residential Appraisal Report or URAR is one of the most common forms used in real estate appraisal which was created to allow for standard reporting and analysis of single - family dwellings or single - family dwellings with an "accessory unit". It is also suitable for a building in a planned unit development (PUD) but is not meant to be used for appraisals of manufactured homes or condos . </P> <P> The most current incarnation of the URAR is the "Fannie Mae Form 1004" updated for March 2005 . It is considered a full appraisal with all three approaches to value, cost approach, sales comparison approach, and income approach . </P> <Ul> <Li> The report requires an interior and exterior inspection of the subject property . </Li> <Li> A street map that shows the location of the subject property and of all comparable properties that the appraiser used . </Li> <Li> An exterior building sketch of the improvements that indicates the dimensions . </Li> <Li> Clear, descriptive photographs of the subject property and comparable sales used . </Li> </Ul>

Who is responsible for creating most of the commonly used residential appraisal report forms
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