There are currently very few appraisers nationwide who are competent as well as willing to appraise real property in Indian Country, including all types of ownership, including tribal, trust, restricted fee, allotments, and fee. Lake State Realty is one of the few appraisal firms in Minnesota, North Dakota, and Wisconsin, that has the competency, expertise, and experience in the valuation of the various property types and rights. Our valuation services have been referred by various tribal nations, and the Office of Appraisal Services, the Appraisal and Valuation Services Office, as well as the Office of the Special Trustee for American Indians. There are several regulations that govern the valuation of property on tribal lands different from everywhere else. It is very important to hire an appraiser who knows the intricacies of appraising tribal land and has experience doing so.
Lake State has been working on other projects in Indian Country involving the AVSO appraisal requirements, and we have a thorough understanding of 25 CFR 169.11 and 25 CFR Part 162, as well as the HEARTH Act, and The Indian Tribal Energy Development and Self Determination Act (“ITEDSDA”). Lake State is passionate about helping Tribes achieve self-determination as it relates to real estate. Real estate is critical asset and the key tool for Tribes to exercise self-determination and is the foundation of economies, culture and identities. Self-determination as it relates to real estate allows the right to manage land and resources, generate revenue, attract investment, create jobs, and build infrastructure. Tribes continuing to exercise their sovereignty and independence over real estate and its resources is important for success, and Lake State wants to be a proud partner throughout Indian Country.
There are enough impediments to Tribal development of its land and resources, the Government’s functional control of the land and its resources and associated red tape is likely the largest obstacle. Lake State understands these obstacles and barriers and wants to be a partner to navigate the obstacles and knock down the barriers and to aid in Tribal self-determination of the land and resources. Lake State understands that the leasing and creation of rights-of-way are legally defined and that several laws and regulations attempting to aid in the self-determination may make the valuation and acquisition process more efficient or cumbersome. We understand self-determination accommodations for leasing and right-of-way activity through the HEARTH Act, and are very studied on The Indian Tribal Energy Development and Self Determination Act (“ITEDSDA”) with the intention of allowing Tribes to bypass the federal government (time and resources) to have full authority over development of Tribal resources and enter into agreements to develop the Tribe’s energy resources on its own terms, including leases.