http://www.realestateappraisertips.info/ - Real Estate Appraiser Tips: Great Real Estate Appraiser News: No More BPOs For You! (How You Could be Violating RELRA)
On February 16, 2010, Renee Porsia posted an interesting article on AgentGenius entitled, “No More BPOs For You! (How You Could be Violating RELRA)“
It’s an interesting read and I recommend appraisers take time to read this one! Here’s a snippet:
“Perform a BPO and you may be violating the Real Estate Licensing and Registration Act (RELRA) and the Real Estate Appraisers Certification Act, and could be prosecuted by the Real Estate Commission or the State Board of Certified Appraisers or both.”
Mary Thompson, GA Appraiser, also wrote on Active Rain about this very topic, “Just say no to BPO’s… in place of a bona fide appraisal“
Tags: real estate appraisal, real estate appraiser, real estate appraiser blogging, real estate appraiser interviews, bpos, broker price opinions
If you enjoyed this article, you might also like...:
- Real Estate Appraisal Tip 11/18/2009: How To Receive Daily ASC Disciplinary Notices For Real Estate Appraiser Suspension & Revocations Of License
- Mary Thompson, GA Appraiser, Outlines FHA’s Move Towards HVCC Appraisal Rules….Get Ready For More Change!
- Bankrate.com: Summary Of Real Estate Appraisal Rules Changes In Dodd-Frank Act 2010
- TAS August 9 2010 The Appraisal Show Real Estate Appraisers Video: Appraiser Professional Appearance
- Are BPOs Being Used For “Purchase” Transactions?
