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TITLE 41 - PUBLIC CONTRACTS AND PROPERTY MANAGEMENT
SUBTITLE C - FEDERAL PROPERTY MANAGEMENT REGULATIONS SYSTEM
CHAPTER 102 - FEDERAL MANAGEMENT REGULATION
SUBCHAPTER C - REAL PROPERTY
PART 102 - 75 - REAL PROPERTY DISPOSAL
subpart c - SURPLUS REAL PROPERTY DISPOSAL
102 - 75.300 - Are appraisals required for all real property disposal transactions?
Generally, yes, appraisals are required for all real property disposal transactions, except when (a) An appraisal will serve no useful purpose ( e.g., legislation authorizes conveyance without monetary consideration or at a fixed price). This exception does not apply to negotiated sales to public agencies intending to use the property for a public purpose not covered by any of the special disposal provisions in subpart C of this part; or (b) The estimated fair market value of property to be offered on a competitive sale basis does not exceed $300,000.
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