Tag Archives: Certified General Appraisal

Special use appraisals

Special Use Appraisals: Understanding Restricted Property Valuation

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Special use appraisals determine property value when a property’s use is restricted by zoning, nonprofit operations, or legal limitations, making accurate valuation essential. The California Bureau of Real Estate Appraisers Practice Act defines an appraisal the act or process of developing an opinion of value for real property, and does not include an opinion given by a real estate licensee or engineer or land surveyor in the ordinary course of his or her business. The standards used within the appraisal profession are set forth in the Uniform Standards of Professional […]

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Eminent Domain and the taking of property

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Eminent Domain and Inverse Condemnation Eminent Domain is generally referred to as the taking of real property (real estate) by a governmental agency for the benefit of the public with just compensation. Often is referred to as Condemnation. Taking: Eminent Domain is the actual taking, usually permanently, and is the government’s removal of physical possession of real property from the owner. However, even where the government agency does not physically take possession of the land, it may have placed such restrictions upon its use so as to constitute a temporary […]

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