[Code of Federal Regulations]
[Title 43, Volume 2]
[Revised as of October 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 43CFR2201.3-1]

[Page 69]
 
                    TITLE 43--PUBLIC LANDS: INTERIOR
 
    CHAPTER II--BUREAU OF LAND MANAGEMENT, DEPARTMENT OF THE INTERIOR
 
PART 2200_EXCHANGES: GENERAL PROCEDURES--Table of Contents
 
              Subpart 2201_Exchanges_Specific Requirements
 
Sec. 2201.3-1  Appraiser qualifications.

    (a) A qualified appraiser(s) shall provide to the authorized officer 
appraisals estimating the market value of Federal and non-Federal 
properties involved in an exchange. A qualified appraiser may be an 
employee or a contractor to the Federal or non-Federal exchange parties. 
At a minimum, a qualified appraiser shall be an individual, approved by 
the authorized officer, who is competent, reputable, impartial, and has 
training and experience in appraising property similar to the property 
involved in the appraisal assignment.
    (b) Qualified appraisers shall possess qualifications consistent 
with State regulatory requirements that meet the intent of title XI of 
the Financial Institutions Reform, Recovery and Enforcement Act of 1989 
(FIRREA) (12 U.S.C. 3331). In the event a State does not have approved 
policies, practices and procedures regulating the activities of 
appraisers, the Bureau of Land Management may establish appraisal 
qualification standards commensurate with those adopted by other States 
meeting the requirements of FIRREA.