Eminent Domain and Condemnation

What are the unique valuation and reporting issues confronting appraisers who function in the eminent domain and condemnation arena? Discover how appraisers identify the larger parcel, estimate the damages and the possible benefits to the remainder, and prepare and defend appraisal reports in a courtroom.

This seminar requires a strong knowledge of appraisal procedures. It is considered a “postgraduate” appraisal learning experience, i.e., an extension of the basic or “undergraduate” appraisal courses. Although the seminar examines legal precedents and identifies their sources, participants need not have prior litigation appraisal experience. Those with prior experience will challenge, modify, and expand previous knowledge.

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• General real property appraisers
• Residential real property appraisers

• Explain the meaning of condemnation.
• Calculate just compensation and explain the reasons for the determined amount.
• Solve for unjust enrichment.
• Use appraisal tests to identify the larger parcel, if it can exist.
• Identify how damages are affected by the taking, and study court citations that deal with damages and benefits.
• List the steps taken when using the federal rule.
• Solve for total compensation using the state rule.
• Identify report considerations for land and/or rights.
• Discuss the difference between the property description before the taking and after the taking.
• Prepare the components involved in the development of a litigation appraisal report, and learn how to prepare for court.
  

None

No Exam

Intermediate

Attend: 35 AI Points

7 hours

No

Online Syllabus

Microsoft Excel

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