Broker Price Opinion Archive

NAR Adopts Broader Valuation Policy

The National Associaiton of REALTORS® (NAR) continues its holistic approach to valuing real property with the adoption of its Responsible Valuation Policy. The document is the culmination of NAR’s efforts to consider all methods of valuing real property. NAR...
February 16, 2012

Here’s What You Need to Know About HR 4173

As you surely know by know, the President recently signed into law the Frank-Dodd Wall Street Reform and Consumer Protection Act (HR 4173).  Title XIV of the legislation, the Mortgage Reform and Anti-Predatory Lending Act, has significant appraisal reforms...

Round 2 of the Heavyweight Fight: Calling in the Big Guns

On January, 16, 2009, we brought to you the valuation fight that is appraisals vs. broker price opinions (BPO).  Today we bring you Round 2 – and this time it’s personal.  Well, it’s not really personal but there is...

Freddie Mac Restricts use of BPO’s

From Appraiser News Online, Freddie Mac is restricting how lenders can use broker price opinions: On March 31, Freddie Mac revised its Seller/Servicer Guide to strictly prohibit its lenders from using broker price opinions to value properties for mortgage...
April 13, 2009

Are BPOs Driving Down Home Prices?

Ken Harney reports in today’s Washington Post that one cause of decreasing home values could be the reliance on broker price opinions (BPOs). BPOs are becoming big business to REALTORS but some fear there is incentive to undervalue short...