[Code of Federal Regulations]
[Title 49, Volume 1]
[Revised as of October 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 49CFR24.104]

[Page 211]
 
                        TITLE 49--TRANSPORTATION
 
          Subtitle A--Office of the Secretary of Transportation
 
PART 24_UNIFORM RELOCATION ASSISTANCE AND REAL PROPERTY ACQUISITION FOR 
FEDERAL AND FEDERALLY ASSISTED PROGRAMS--Table of Contents
 
                   Subpart B_Real Property Acquisition
 
Sec.  24.104  Review of appraisals.

    The Agency shall have an appraisal review process and, at a minimum:
    (a) A qualified reviewing appraiser shall examine all appraisals to 
assure that they meet applicable appraisal requirements and shall, prior 
to acceptance, seek necessary corrections or revisions.
    (b) If the reviewing appraiser is unable to approve or recommend 
approval of an appraisal as an adequate basis for the establishment of 
the offer of just compensation, and it is determined that it is not 
practical to obtain an additional appraisal, the reviewing appraiser may 
develop appraisal documentation in accordance with Sec.  24.103 to 
support an approved or recommended value.
    (c) The review appraiser's certification of the recommended or 
approved value of the property shall be set forth in a signed statement 
which identifies the appraisal reports reviewed and explains the basis 
for such recommendation or approval. Any damages or benefits to any 
remaining property shall also be identified in the statement.