Eminent Domain and Condemnation

About this course

Discover the unique valuation and reporting issues confronting appraisers who participate in the eminent domain and condemnation arena in this more advanced online seminar for general and residential appraisers. Although the seminar examines legal precedents and identifies their sources, you need not have prior litigation appraisal experience. If you do have experience in this area, you’ll challenge, modify, and expand your knowledge.

What you’ll learn

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.
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.

Course curriculum

Introduction
Module 1: Legal Foundation and Uniform Standards of Professional Appraisal Practice
Module 2: Property Rights and Larger Parcel
Module 3: Highest and Best Use
Module 4: Valuation Before the Taking and Graphic Presentation of the Remainder
Module 5: Compensable Rights to be Acquired
Module 6: Damages and Benefits
Module 7: Legal Measures of Just Compensation and Valuation After the Taking
Module 8: Case Study
Module 9: Considerations for Litigation Report Writing and Trial Preparation
Conclusion