§ 102-75.300 Are appraisals required for all real property disposal transactions?
§ 102-75.305 What type of appraisal value must be obtained for real property disposal transactions?
§ 102-75.310 Who must agencies use to appraise the real property?
§ 102-75.315 Are appraisers authorized to consider the effect of historic covenants on the fair market value?
§ 102-75.320 Does appraisal information need to be kept confidential?

Terms Used In CFR > Title 41 > Subtitle C > Chapter 102 > Subchapter C > Part 102-75 > Subpart C > Appraisal

  • Appraisal: A determination of property value.
  • Contract: A legal written agreement that becomes binding when signed.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Uphold: The decision of an appellate court not to reverse a lower court decision.