Land trusts have increasing "due diligence" responsibilities related to the appraisal reports supporting easement donations, especially in light of recent Internal Revenue Service and Department of Justice proceedings against syndicators of easements and the land trusts involved. The presenters are the authors of the 2nd edition of Appraising Conservation and Historic Preservation Easements recently published by the Appraisal Institute in cooperation with the Land Trust Alliance. They will share their experience in preparing/reviewing hundreds of conservation easement appraisals for the IRS, the Department of Justice, and taxpayers over the past 20 years as well as in reviewing thousands of other charitable donations of real property for the Department of Justice. They will identify the critical elements of every conservation easement appraisal and the typical abuses they have found in their reviews of recently syndicated conservation easement donations. Among the critical elements often abused and to be discussed will be highest and best use analysis, selection and adjustment of comparable sales, and proper and improper use of discounted cash flow analysis. The presenters will provide a helpful "checklist" to assist land trusts in their review of appraisal reports and in identifying qualified appraisers.