What might a limited appraisal exclude from its evaluation?

In the context of a limited appraisal, the focus is on obtaining a quicker assessment of a property rather than a comprehensive evaluation. By definition, a limited appraisal may exclude certain components that would typically be part of a full appraisal.

When it comes to a site inspection, a limited appraisal can indeed exclude an inspection of the entire property. Instead of a thorough examination of all aspects of the property—a process that would typically involve checking all areas and features—the appraiser may only assess essential or visible parts. This leads to a less exhaustive review, which is consistent with the purpose of a limited appraisal: to provide a more expedited service without all in-depth analysis.

In a limited appraisal, aspects like a detailed analysis of comparable sales, environmental assessments, and neighborhood market trends might still be included, albeit in a more summarized form or with reliance on previous assessments rather than fresh, thorough evaluations. By contrast, the exclusion of certain site inspection elements aligns directly with the nature of limited appraisals, thus making the correct answer a reasonable choice.