R653-13-2
R653-13-2. Definitions
Cite as Utah Admin. Code R653-13-2
For purposes of this rule:
(1) "Appraisal" means an unbiased analysis, opinion, or conclusion, prepared by a state-certified general appraiser, that estimates the monetary market value of an identified parcel of real estate or identified real property interest at a particular point in time.
(2) "Broker price opinion" means an unbiased estimate of value of real property or an interest in real property prepared by a state-licensed real estate broker.
(3)
"Division"
means
the
Division
of
Water
Resources
or
the
Board
of
Water
Resources.
(4)
"Director"
means
the
Director
of
the
Division
of
Water
Resources.
(5) "Value" means an opinion of the worth of an identified parcel of real property or interest therein at a specific time and may be comprised of one or more of the following values: assessed value, insurable value, use value, investment value, going-concern value, business enterprise value, market value, and public interest value.