Practical Applications in Federal-Aid Highway Program Appraisals

Description:

This course helps improve conformity with appraisal requirements of the Uniform Act and implementing requirements of 49 CFR Part 24. Concepts presented NHI-141053 Foundations of Federal-Aid Highway Program Appraisals for specific eminent domain situations are applied to a series of real-world examples. Nuances and State-specific differences related to the application of appraisal concepts and Uniform Act requirements are addressed. Participants explore examples of problems handled differently than typical mortgage appraisal assignments. The examples demonstrate to appraisers new to Federal-aid programs that their clients have regulatory requirements to not only determine market value of a property, but to also determine an estimate of compensation due a property owner given the unique interpretation of laws in the jurisdiction the appraiser is practicing.