### Question
How does the law define appraisal?


### Answer
Under *42 U.S.C. § 4601*, **appraisal** is defined as:

> a written statement independently and impartially prepared by a qualified appraiser setting forth an opinion of defined value of an adequately described property as of a specific date, supported by the presentation and analysis of relevant market information

#### Citation:
  - *42 U.S.C. § 4601*
  - Heading: **CHAPTER 61-UNIFORM RELOCATION ASSISTANCE AND REAL PROPERTY ACQUISITION POLICIES FOR FEDERAL AND FEDERALLY ASSISTED PROGRAMS > SUBCHAPTER I-GENERAL PROVISIONS**

