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Code of Federal Regulations Title 43. Public Lands:  Interior § 43.2201.3–4 Appraisal review

Current as of October 02, 2022 | Updated by FindLaw Staff

(a) Appraisal reports shall be reviewed by a qualified review appraiser meeting the qualifications set forth in § 2201.3–1 of this part. Statements of value prepared by agency appraisers are not subject to this review.

(b) The review appraiser shall determine whether the appraisal report:

(1) Is complete, logical, consistent, and supported by a market analysis;

(2) Complies with the standards prescribed in § 2201.3–3 of this part;  and

(3) Reasonably estimates the probable market value of the lands appraised.

(c) The review appraiser shall prepare a written review report, containing at a minimum:

(1) A description of the review process used;

(2) An explanation of the adequacy, relevance, and reasonableness of the data and methods used by the appraiser to estimate value;

(3) The reviewing appraiser's statement of conclusions regarding the appraiser's estimate of market value;  and

(4) A certification by the review appraiser to the following:

(i) The review appraiser has no present or prospective interest in the property that is the subject of the review report;  and

(ii) The review appraiser has not, and will not, receive compensation that was contingent on the approval of the appraisal report.

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Cite this article: FindLaw.com - Code of Federal Regulations Title 43. Public Lands:  Interior § 43.2201.3–4 Appraisal review - last updated October 02, 2022 | https://codes.findlaw.com/cfr/title-43-public-lands-interior/cfr-sect-43-2201-3-4/

Read this complete Code of Federal Regulations Title 43. Public Lands:  Interior § 43.2201.3–4 Appraisal review on Westlaw

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