Which type of appraisal report explicitly states findings?

The correct choice is the restricted appraisal report. This type of report is characterized by its limited use and detailed communication of specific findings tailored to the user's needs. In a restricted appraisal report, the appraiser provides a concise analysis and findings based on the scope of the assignment. It is typically intended for a specific client and may not include all the information or details found in a more comprehensive report.

Additionally, a restricted appraisal report can highlight the key findings that justify the conclusion, making it essential for scenarios where the client or audience is familiar with the property and the relevant market considerations but does not require extensive details. This focused nature allows the appraiser to convey the necessary information efficiently while ensuring it serves the intended purpose.

Other report types, like the summary appraisal report and the comprehensive appraisal report, focus on providing varying levels of detail and analysis. The uniform residential appraisal report, while comprehensive, serves a specific function in residential lending and might not explicitly state findings in the same targeted way as a restricted report.