COURSE DESCRIPTION:

Foundations of Federal-Aid Highway Program Appraisals is a 7-hour Web-based Training course offered by NHI, the authoritative source in transportation training, and certified by the International Distance Education Certification Center (IDECC).

To appraise real property for acquisition for Federal-aid highway programs, it is essential for appraisers to understand how to incorporate Uniform Act and 49 CFR Part 24 appraisal requirements into classical appraisal principles.

This course helps improve conformity with appraisal requirements of the Uniform Act and implementing requirements of 49 CFR Part 24.

Learners explore the appraiser's role in the overall project development process and how an appraiser's expertise can assist in completing a transportation project effectively and efficiently.

At the end of each course module, learners will complete a multiple-choice module assessment to measure achievement of the course learning outcomes.

For content-related questions, please contact FHWA Realty Specialist Chad Crawford at chad.a.crawford@dot.gov.

Please know that when taking this course, you are accessing a Federal computer system and unauthorized access is prohibited. The National Highway Institute is committed to upholding the values of professional integrity and honesty. Participants are expected to enroll in the course using their unique username and password, and to complete all portions of the course independently in order to earn credit for training completion.

OUTCOMES:

Upon completion of the course, participants will be able to:

• Identify the basic principles of eminent domain.
• Differentiate between eminent domain and police power.
• Differentiate between just compensation and fair market value.
• Identify Federal-aid appraisal requirements of the Uniform Act and 24 CFR Part 24 related to highway appraisals.
• Identify additional steps required for an appraisal of a partial taking versus a full taking.
• Identify appraisal techniques related to partial acquisition during a right-of-way appraisal.
• Differentiate between the Federal Rule and the State Rule for estimating the fair market value of partial acquisition.
• Identify appraisal techniques related to acquisition of easements and other real property interests.
• Apply appraisal techniques to problems unique to Federal-aid highway programs.
• Identify when to use the waiver valuation.
• Identify when the Federal-aid appraisal requirements from 49 CFR Part 24 related to the conflict of interest regulation should be applied.
• Identify the role of the appraiser in the land acquisition process prior to the appraisal.
• Identify Federal-aid appraisal requirements of 49 CFR Part 24 related to an appraisal scope of work.
• Identify the role of the appraiser in the land acquisition process after the appraisal.
• Identify an appraiser's role during the legal process.

TARGET AUDIENCE:

The target audience for this WBT course includes representatives from Federal Uniform Act Agencies, State Departments of Transportation (DOTs), Local Public Agencies (LPAs), consultant/fee appraisers, and FHWA staff involved with the appraisal process that have attended a basic practices and principles of real estate appraisal course.

If you have questions about this NHI training, please contact NHI at nhicustomerservice@dot.gov or 877.558.6873.

PREREQUISITES:

This course is a recommended prerequisite for NHI-141054 Practical Applications in Federal-Aid Highway Program Appraisals (coming soon!).