---
kind: "section"
citation: "43 C.F.R. § 2201.3-4"
title: "43"
number: "2201.3-4"
heading: "Appraisal review."
url: "https://uscodex.org/cfr/43/2201.3-4"
---

# §2201.3-4. Appraisal review.

- (a) Appraisal reports shall be reviewed by a qualified review appraiser meeting the qualifications set forth in [§ 2201.3-1](/cfr/43/2201.3-1.md) of this part. Statements of value prepared by agency appraisers are not subject to this review.
- (b) The review appraiser shall determine whether the appraisal report:
  - (1) Is complete, logical, consistent, and supported by a market analysis;
  - (2) Complies with the standards prescribed in [§ 2201.3-3](/cfr/43/2201.3-3.md) of this part; and
  - (3) **Reasonably estimates the probable market value of the lands appraised.**
- (c) The review appraiser shall prepare a written review report, containing at a minimum:
  - (1) A description of the review process used;
  - (2) An explanation of the adequacy, relevance, and reasonableness of the data and methods used by the appraiser to estimate value;
  - (3) The reviewing appraiser's statement of conclusions regarding the appraiser's estimate of market value; and
  - (4) **A certification by the review appraiser to the following—**
    - (i) The review appraiser has no present or prospective interest in the property that is the subject of the review report; and
    - (ii) The review appraiser has not, and will not, receive compensation that was contingent on the approval of the appraisal report.

## Notes

### Authority

Authority: 43 U.S.C. 1716, 1740.

### Source

Source: 46 FR 1638, Jan. 6, 1981, unless otherwise noted.