43 C.F.R. § 2201.3-4 Appraisal review.
Title 43 - Public Lands: Interior
(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.
Title 43: Public Lands: Interior
PART 2200—EXCHANGES: GENERAL PROCEDURES
Subpart 2201—Exchanges—Specific Requirements
§ 2201.3-4 Appraisal review.
