Appraising Sample Clauses

Appraising. ENGINEER will submit the name of the individuals who will perform the Appraisals to OWNER for approval prior to the work being started. Each appraiser shall be a licensed real estate broker in the State of Indiana and shall have passed an exam given by Indiana Department of Transportation, Division of Land Acquisition. No work by the Appraiser shall be sublet, assigned or otherwise performed by anyone other than the approved Appraiser. The Appraiser shall examine the plans for this PROJECT and review in the field the various parcels herein designated. The Appraiser shall give the owner of each parcel to be appraised the opportunity to accompany the Appraiser during the inspection of the parcel except when a Market Estimate Report is being prepared. The appraisals shall be sufficiently documented to meet the minimum standards set out in the Indiana Department of Transportation’s Appraisal Handbook as approved by the Federal Highway Administration. The Appraiser shall follow accepted principles and techniques in evaluation of real property in accordance with State Laws, regulations and standards, including “The Uniform Standards of Professional Appraisal Practice (USPAP)”. Any appraisal that does not meet such requirements shall be further documented or reappraised as the case may be without additional compensation to the Appraiser. The Appraiser shall furnish OWNER with a comparable sales docket consisting of sufficient current sales data in the vicinity of the PROJECT to establish a pattern of values. Each comparable sale property shall be identified by photograph and shall be located on county or township maps which shall be a part of the comparable sales docket. The Appraiser shall not give consideration to nor include in the appraisal any allowance for relocation assistance benefits. Where an entire property is to be acquired, the estimate of just compensation shall be the market value of the property. Where only a part of the property is to be acquired, the estimate of just compensation shall be that amount arrived at in accordance with the laws governing just compensation applicable to the STATE, including those laws governing compensable and noncompensable items and the treatments of general and special benefits. For either whole or partial acquisitions, the appraisal report shall show what in the appraiser’s judgment is a reasonable allocation of the “before value” to the various land, buildings, and other improvements. For partial acquisitions, the...
Sample 1
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Appraising a. The Appraiser shall be a licensed real estate appraiser in the State of Indiana.
Sample 1
Appraising. 1. The appraiser is the CONSULTANT, herein referred to as the Appraiser, shall perform the appraisal work covered by this Contract. The Appraiser shall be a licensed real estate appraiser in the State of Indiana, and pre-qualified by the Indiana Department of Transportation.
Sample 1

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