[Code of Federal Regulations]

[Title 43, Volume 2]

[Revised as of October 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 43CFR2201.3-1]



[Page 65]

 

                    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.