OAR 125-045-0215
Appraisal and Determination of Value of Real Property Interests

(1)

Except when the transaction is an Interagency Transaction, the Transacting Agency must determine the value of a Real Property Interest via Appraisal. When transaction is an Interagency Transaction, the Transacting Agency and the other Agency may determine value as they deem appropriate.
(2) If the Real Property Interest has an estimated fair market value of less than $100,000, a Broker Opinion of Value from a licensed real estate professional may substitute for an Appraisal.
(3) If the estimated fair market value of the Real Property Interest is $100,000 or more, the Administrator:
(a) Must either select or approve the selection of an appraiser by the Disposing Agency; and
(b) Must refer the transaction to the PLAC for review and recommendation.
(4) Upon written request by an Agency, the Administrator may preapprove the Agency’s Appraisal process provided the process is consistent with this rule.
(5) Upon written request by an Agency, the Administrator may preapprove the Agency’s use of a Directed Appraisal for a particular use.

Source: Rule 125-045-0215 — Appraisal and Determination of Value of Real Property Interests, https://secure.sos.state.or.us/oard/view.action?ruleNumber=125-045-0215.

125–045–0200
Purpose 125–045–0205
Definitions 125–045–0210
Alternative Rules for Acquisition and Terminal Disposition by State Agencies 125–045–0211
Exempt Agencies and Transactions 125–045–0212
Directed Transactions 125–045–0213
Planning for State Real Property Interests 125–045–0214
Transaction Process 125–045–0215
Appraisal and Determination of Value of Real Property Interests 125–045–0216
Department Approval 125–045–0221
Clearinghouse Process and Futile Act Determination 125–045–0222
Responses to Clearinghouse Notices 125–045–0230
Right of First Refusal 125–045–0235
Public Notices and Requests for Proposal for Terminal Disposition of State Real Property Interests to private individuals or entities 125–045–0240
Transfer of Property with Restrictions 125–045–0250
Public Lands Advisory Committee 125–045–0255
Procedure for Submitting Property Transactions and Inventory Information for PLAC Review 125–045–0260
Procedure for PLAC Review 125–045–0265
State Land Inventory and Property Management 125–045–0270
State Land Inventory System Costs

Last Updated

Jun. 8, 2021

Rule 125-045-0215’s source at or.us

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Location: https://oregon.public.law/rules/oar_125-045-0215

Original Source: Rule 125-045-0215 — Appraisal and Determination of Value of Real Property Interests, https://secure.sos.state.or.us/oard/view.action?ruleNumber=125-045-0215 (last accessed Jun. 8, 2021).