Tagged: Broker Price Opinion

CMA BPO Estimate Analysis - Image courtesy of Stuart Miles / FreeDigitalPhotos.net 0

Illinois Considers Bill to Clarify BPOs, CMAs

Legislation that would clarify several aspects of an Illinois law governing broker price opinions and comparative market analysis has passed the state legislature and currently is under consideration by Gov....

When is an appraiser not an appraiser 2

When is an Appraiser Not an Appraiser?

With an influx of alternative valuation products now being offered to appraisers, I am often asked which of these assignments can be done by appraisers and which should be avoided. ...

Good news for appraisers - Image courtesy of Master isolated images / FreeDigitalPhotos.net 5

Good News….For a Change?

It is all-too-rare that we hear positive news regarding the appraisal profession.  There is an awful lot of complaining that goes on, most of it justifiable, but little good news...

Appraisal Quality & AVMs 7

Appraisal Quality Determined by AVM’s?

…So, now we can check to see if appraisals are accurate by checking them against Automated Valuation Services? Wow! That’s frightening on so many levels. Remember the “garbage in, garbage out” articles about using AVM’s? Many AVM’s are close to useless. “Relevant data,” really, like an AVM? Gimme a break! Hard to get passed this on and it’s flat out crazy. If computers could price real estate accurately, the appraisal industry would have died out years ago…

BPO legislation vetoed again - courtesy of Tagxedo 0

NJ Governor Vetoes BPO Legislation…Again

Legislation that would have significantly expanded the ability of New Jersey real estate brokers and salespersons to offer broker price opinion services did not become law because of a Jan....

Why isnt that an appraisal 0

Why isn’t That an Appraisal?

APPRAISAL: (noun) the act or process of developing an opinion of value; an opinion of value. (adjective) of or pertaining to appraising and related functions such as appraisal practice or...

NC BPO Legislation 0

North Carolina Enacts BPO Legislation

North Carolina Governor Beverly Purdue signed S.B. 521 into law July 12, and the legislation will significantly expand the ability of the state’s licensed real estate brokers to offer a...

Upturn in BPOs 1

Downturn in Market Leads to Upturn in BPOs

Over the last year, there has been a tremendous increase in the use of broker’s price opinions (a.k.a. comparative market analysis, broker’s estimate of value, etc.) that are being performed...