FHWA Program Area Appraisal Workshop

The FHWA Program Area Appraisal workshop covers the proper procedures and guidelines for conducting the appraisal process under the requirement of the Uniform Act and 49 CFR Part 24. The workhsop discusses the appraiser’s and review appraiser’s roles in the project development process. Lessons will focus on preparing, presenting, and understanding appraisal reports in conformance with the Uniform Act.

Topics include:
• Uniform Act appraisal requirement – Eminent Domain
• Description and the purpose of an appraisal
• Determination of appropriate appraisal format
• The valuation process
• Different interests to acquire
• Partial acquisitions
• Three approaches to value
• Real property vs. personal property vs. fixtures
• Concept of fair market value vs. just compensation
• Waiver valuation process