Need Help About Yellow Book Appraisals

[Stone]

I suppose that is possible, but it would be an amusing request as virtually everything unique to the book relates to takings.

Takings aren't just eminent domain and can involve full or partial acquisitions.

It is more than "possible" that several federal agencies require appraisals to comply with yellow book standards when granting cost-sharing funds to NCOs along with funding local/state municipalities. They do.

 

[Stone]

Thanks Mike,

I will be giving them both a call in the morning as being an associate member of both. I will try and get the courses in over the next couple of weeks. I think the AI Easement Analysis class will be good also.

You may have to wait more than a couple of weeks to get the 16 hour course, but I'm sure one will be offerred in the near future. This summer, perhaps.

 

[Frederick R. Ruffell]

http://www.usdoj.gov/enrd/land-ack/TOC.html
Hope this helps, got here by following a link from DOI website labeled "Yellowbook 2006"

 

[stefan olafson]

Ray,

Yellowbook appraisal is a specialty that isn't just learned in a class. If you haven't done one or more yet, you should probably associate yourself with someone who has. There is no need to give the state of Wisconsin more ammunition to blast you out of the water.

The ASFMRA is a good source for the course, if I remember it was a two or three day course I took a couple of years ago.

Good Luck and stay out of trouble.

Oly

 

[Stone]

That is good advice. Perhaps, Ray, one of your mentors has done some work under yellow book guidelines?

The current course that is being taught is a two-day (16 hour) course. When I took it in 2000, it was an eight hour course. It is pretty good for a beginner and a nice refresher for those who do this type of work with any regularity. The 16 hour course felt a little stretched (kind of like they just expanded the eight hour course), but I'm not sure one would notice without having taken the other. If ASFMRA is putting one on, they are of course quite good, as well.

IIRC, from sitting in on a teleconference, there is a week-long easement course (maybe 3-4 days, I don't remember) that is being put together by the AI.

 

[JT1974]

Ray, this could be a set-up. If there was ever an appraisal assignment that you could get caught doing something wrong...........this would be it. I would strongly suggest that you DO NOT jump in blindly with both feet. Reply that you are interested in working for them but not immediately. See if you can work with someone else doing a few "Yellow Book" appraisals first and after you've completed a few.......consider if you really want to go down this road.

The Wisconsin Chapter of the Appraisal Institute holds an annual sympsium on condemnation appraisals. They either just had it or it's coming up soon. I remember getting a few email notices about it recently. I would strongly suggest you attend the next one.

I personally have had my fill of condemnation work. I did some of it when I worked in Milwaukee and I think I got at least two ulcers out of the deal. There is a reason why very few appraisers specialize in this line of work.

 

[Stone]

Ray, this could be a set-up. If there was ever an appraisal assignment that you could get caught doing something wrong...........this would be it. I would strongly suggest that you DO NOT jump in blindly with both feet. Reply that you are interested in working for them but not immediately. See if you can work with someone else doing a few "Yellow Book" appraisals first and after you've completed a few.......consider if you really want to go down this road.

The Wisconsin Chapter of the Appraisal Institute holds an annual sympsium on condemnation appraisals. They either just had it or it's coming up soon. I remember getting a few email notices about it recently. I would strongly suggest you attend the next one.

I personally have had my fill of condemnation work. I did some of it when I worked in Milwaukee and I think I got at least two ulcers out of the deal. There is a reason why very few appraisers specialize in this line of work.

I think the condemnation symposium is in May. But, what Ray was contacted about, if I understood correctly from talking to him, was not condemnation. It was for (my guess here) easement appraisal work for the feds.

Jason is correct that there are plenty of things to get tripped up on doing this type of work.

 

[Joker]

You'd make more working for the "takee" than for the "taker"

 

[Wayne Tomlinson]

The requirements in Yellow Book appraisals is not a great deal different than under USPAP.

You can download the book. I did. It is about 125 pages plus some index stuff.

I don't exactly the note that the instructor said but there is one small difference. I will try to find my notes and get back.

The correct title is: Uniform Appraisal Standards for Federal Land Acquisitions but it is to be used for all federal appraisals. The hard copy is published by the Appraisal Institute, they also served in an advisory capacity in the preparation, but "have no responsibility for the contents".
The reason it is called the Yellow Book, is that the cover is bright Yellow.

The book is a product of the Interagency Land Acquistion Conference.2000

The book is available at the Departament of Justice website.

Hope that helps.

Wayne Tomlinson

Time is not as short, fees are a lot higher.

 

[Frederick R. Ruffell]

Yeah Wayne, I linked to it in my above post.