CA AB1033

Increases the maximum amount a public entity must pay for a property owner's independent appraisal from $5,000 to $8,000 when the entity offers to purchase property under threat of eminent domain

Requires the independent appraisal to be conducted by an appraiser licensed by the Office of Real Estate Appraisers

Defines an offer "under a threat of eminent domain" as one made pursuant to eminent domain, following adoption of a resolution of necessity, or following a statement that the entity may take the property by eminent domain

Removes previously proposed language that would have set different limits for total acquisitions ($8,000) versus partial takings ($15,000), establishing a single $8,000 cap for all cases