CFR

302-12.113—Under a homesale program, may we direct the relocation services company to pay an employee more than the fair market value of his/her residence?

No, under a homesale program, you may not direct the relocation services company to pay an employee more than the fair market value (as determined by the residence appraisal process) of his/her home.

Code of Federal Regulations

§ 302-12.113 , Nt.

Code of Federal Regulations

Effective Date Note: By FTR Amdt. 2011-01, 76 FR 18344, Apr. 1, 2011, § 302-12.113 was redesignated as § 302-12.120 and a new § 302-12.113 was added, effective Aug. 1, 2011. For the convenience of the user, the added text is set forth as follows: § 302-12.113 What must we do when planning, establishing, and administering a RSC contract? (a) When planning and establishing a RSC contract, you must structure the contract so that it provides the best possible value to the Government, considering costs, tax implications, morale, mobility, employee choice, productivity, and any other relevant considerations. For most agencies and most relocations, this structure will include the possibility of a BVO sale or an amended value sale. (b) Once you have a RSC contract, you must monitor costs and tax consequences and make adjustments as necessary, to ensure that your homesale program continues to provide the same best value to the Government.

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