Florida Regulations 62-819.007: Appraisal Procedures
Current as of: 2024 | Check for updates
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Appraisal services shall be obtained through the Department in accordance with the procedures and requirements provided in Fl. Admin. Code Chapter 18-1, except as follows:
(1) The party responsible for Acquisition activities shall contract with the Approved Appraiser(s) according to contract requirements of the Recipient or the Trust, whichever is responsible for Acquisition activities.
(2) The party responsible for Acquisition activities shall obtain at least one Appraisal for each ownership in a Project Site estimated to be valued less than $1,000,000.00. For each ownership in a Project Site estimated to be valued at or greater than $1,000,000.00, the party responsible for Acquisition activities shall obtain at least two Appraisals.
Rulemaking Authority Florida Statutes § 380.507(11). Law Implemented 259.105, 380.501-.515 FS. History-New 5-27-01, Amended 5-20-02, 2-8-05, 2-19-07, 2-9-10, Formerly 9K-8.007, Amended 6-9-13.
Terms Used In Florida Regulations 62-819.007
- Appraisal: A determination of property value.
- Contract: A legal written agreement that becomes binding when signed.
(2) The party responsible for Acquisition activities shall obtain at least one Appraisal for each ownership in a Project Site estimated to be valued less than $1,000,000.00. For each ownership in a Project Site estimated to be valued at or greater than $1,000,000.00, the party responsible for Acquisition activities shall obtain at least two Appraisals.
Rulemaking Authority Florida Statutes § 380.507(11). Law Implemented 259.105, 380.501-.515 FS. History-New 5-27-01, Amended 5-20-02, 2-8-05, 2-19-07, 2-9-10, Formerly 9K-8.007, Amended 6-9-13.