0
What states define a Broker Price Opinion BPO as an appraisal and require it be completed by a licensed or certified appraiser?
Wiki User
∙ 14y ago
WV, PA, UT, NV, MS... Most of the agents/brokers in the bigger cities will complete BPOs for the normal fee but as soon as you get into the rural areas you better count on paying for an appraisal.
Arizona: (3/24/2010) A.R.S. 32-3602 This chapter does not apply to: 1. A real estate broker or salesperson who is licensed in this state and who, when acting as such, gives an opinion as to the price of real estate if this opinion is not referred to as an appraisal.
Kansas: (3/24/2010) 58-4102, (c) "Broker's price opinion" and "comparative market analysis" means an analysis, opinion or conclusion prepared by an individual licensed as a real estate broker or salesperson pursuant to K.S.A. 58-3034 et seq., and amendments thereto, relating to the price of specified interests in or aspects of identified real estate property that is provided to a potential customer, client or third party in the ordinary course of business.
Missouri: (3/24/2010) 339.503, (8) "Broker price opinion", an opinion of value, prepared by a real estate licensee for a fee, that includes, but is not limited to, analysis of competing properties, comparable sold properties, recommended repairs and costs or suggested marketing techniques. A broker price opinion is not an appraisal and shall specifically state it is not an appraisal;
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
How do I get the required 3000 hours to become a licensed appraiser ?
You can work under as an apprentice under a certified appraiser.
What are the requirements in ohio to become a home appraiser?
In order to become a Real Estate Appraiser in the state of Ohio, it is not necessary to hold a state license. However, appraisers in the state are usually licensed, registered, or certified. Check with National Appraisal Standards Board.
Can a state certified general appraiser appraise residential property?
A Certified General Appraiser may appraise any type of property, residential or commercial, in states where they are licensed, subject to their competence; both in the type of property and geography.
Are appraisers required to not tell the owner what the appraisal is?
A licensed appraiser may only discuss the value opinion with the client. If the owner is the client, then the appraiser can discuss the value opinion. If the client is really the lender in a refinance or purchase situation, even if the owner pays the appraisal fee, the appraiser may only discuss value with the lender-client. The rules are spelled out in complete detail the Uniform Standards of Professional Appraisal Practice (USPAP). RMK
How can you acquire a Home Appraiser License in the USA?
You must attend certification classes to receive an apprasier license. You will need basic knowledge of appraisal values of homes in the area in which you choose to get licensed.
How do you calculate the value of a new house?
It is called an "appraisal" and can be done by any licensed real estate appraiser in your area. It should incorporate the features of the house, the location, and recent comparable sales in the area.
What does comparables mean when referred to as a real estate term?
Comparables (or comps) is a real estate appraisal term referring to properties with characteristics that are similar to a subject property whose value is being sought. This can be accomplished either by a real estate agent who attempts to establish the value of a potential client's home or property through market analysis or, by a licensed or certified appraiser or surveyor using more defined methods, when performing a real estate appraisal.
Is an EMT licensed or certified?
licensed
How is a certified Massage therapist different from a Licensed massage therapist?
Certified - completed a course and got some cert of learnings. Licensed - Registered with an Association eg the New Zealand Massage Association, paid afflilation yearly, and some back up support offered to the practioner.
Should all IT professionals be licensed or certified?
certified
Can land be appraised?
Land has value and can absolutely be appraised by a licensed appraiser.
A certified licensed or registered veterinary technician refers to an individual who has completed what?
answer is B. an AVMA accredited college program in veterinary technology and passed a national examination
