Eminent Domain and Condemnation
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. And if you are experienced in this area, you’ll challenge, modify, and expand your knowledge.
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 using the state rule.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.
