Appraising Residential Property on Tribal Lands in Closed Market Areas
There has been increased focus on mortgage lending in underserved areas, including residences in rural areas and properties on tribal land with leasehold interests. Appraising Residential Property on Tribal Lands in Closed Market Areas was developed to educate appraisers on the issues, realities, principles, and procedures of appraising residential property within Native American reservations, also referred to as tribal lands. This 4-hour program is designed to increase appraisers’ understanding of best practices for appraising tribal land properties, thereby increasing confidence in lending and valuations. The issues herein are not unique to tribal land; variations of the issues are found in many real estate markets. The topics presented in this seminar will give appraisers a new perspective that will enhance their understanding of other appraisal types beyond fee simple.
• Illustrate the unique aspects of appraising residences on tribal lands.
• Demonstrate techniques to support an opinion of value for residences on tribal lands.
• Provide examples of valuation techniques to support the value of leasehold interests on tribal
lands.
• Illustrate the applicability of the three approaches to value for residential properties on tribal
lands.
• Provide examples of how to process data to develop and support an opinion of value for
residences on tribal lands.
• Conduct business with tribes for appraisal services.
