[Code of Federal Regulations]
[Title 41, Volume 3]
[Revised as of July 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 41CFR102-75.95]

[Page 140-141]
 
           TITLE 41--PUBLIC CONTRACTS AND PROPERTY MANAGEMENT
 
               CHAPTER 102--FEDERAL MANAGEMENT REGULATION
 
PART 102-75--REAL PROPERTY DISPOSAL--Table of Contents
 
Sec. 102-75.95  Are appraisals required for all real property disposal transactions?

    Generally, yes, appraisals are required for all real property 
disposal

[[Page 141]]

transactions. However, appraisals are not required when either of the 
following conditions exist:
    (a) An appraisal will serve no useful purpose (e.g., legislation 
authorizes conveyance without monetary consideration or at a fixed 
price). This exception does not apply to negotiated sales to public 
agencies intending to use the property for a public purpose not covered 
by any of the special disposal provisions in Sec. 101-47.308 of this 
title.
    (b) The estimated fair market value of property to be offered on a 
competitive sale basis does not exceed $50,000.