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 by real...
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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 broker price...
View ArticleWhy 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 appraisal...
View ArticleNJ Governor Vetoes BPO Legislation, Cites ‘Consumer Confusion’
On Aug. 19, New Jersey Gov. Chris Christie vetoed bill S. 2551, legislation that would have significantly expanded the ability of the state’s real estate professionals to provide broker price opinion...
View ArticleNJ 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. 21 “pocket...
View ArticleIllinois 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...
View ArticleSome Good News….For a Change? – 2nd Annual List (A Work-In-Progress)
Last year, around Thanksgiving, I had put together a list of some positive things going on for appraisers. It was/is all-too-rare that we hear positive news regarding the appraisal profession. There...
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