PREAS Contract Terms

Contract fee appraisers that have an executed Right of Way
Professional
 Real Estate Appraisal Services Contract
(PREAS)
 with TxDOT may be asked to provide:
  • appraisals;
  • appraisal reviews;
  • appraisal consulting;
  • appraisal preparation and testimony for eminent domain, and other forms of valuation in connection with the right of way necessary for highway projects.