This section is from the book "Practical Real Estate Methods For Broker, Operator & Owner", by Thirty Experts. Also available from Amazon: Practical Real Estate Methods for Broker, Operator, Owner.
The objection most real estate experts have against appearing in proceedings of condemnation is the fact that they consume so much time that the pay is not sufficient to reimburse them. For instance, an expert is requested to value a piece of real estate, with an idea of appearing in a proceeding. He agrees with the attorney as to terms and gets ready. After getting his figures and all the data he requires, consultations are held. The time of first hearing is arranged. He attends meetings and finds that only two commissioners have appeared and that the attorney representing the owner will not proceed unless the entire commission is at the first hearing when experts are qualified. This means an adjournment, and another date is arranged. This time the Corporation Counsel is unable to be present and another date is fixed, and so it goes. Finally he is heard on his direct examination, and then more adjournments are taken. Next he learns that the damage map is incorrect, and a new map is furnished by the clerk of the department and the surveyor is placed on the stand to verify the correctness of the new map. This done, the Corporation Counsel moves that the direct testimony already given be stricken from the records, as the map was not correct and the figures were all wrong. After his figures are all corrected, the expert then undergoes his direct examination. The Corporation Counsel commences the cross-examination. These delays have consumed two or three months and 15 or
20 adjournments, so that for his expert services he receives a very small fee, probably at the end of a year, and in some cases two or three years, for he has entered into an agreement with the attorney representing the owner to receive his money after the award has been paid.