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Melissa Phillips
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Melissa Phillips answered:
Who can perform Broker Price Opinions?
Most states will allow people to do BPO's that are either a licensed real estate broker, agent and/or appraiser. Plus, your license must be active, current and in good standing within the state you are wanting to provide your services.
Is it illegal to perform BPO's in my state?
This is a big detail that you simply don't want to overlook when deciding if you want to and are able to do BPO work. The first place you want to go is directly to your broker. If they do not know then you and/or your broker may need to research this question more in order to get a crystal clear answer.
A good place to start is with your local real estate licensing board or your state's department of licensing. Click here to see an example of what my state's rules are on this.
Other places that are good to check in with are your state legislature. As an example my state's laws on this are explained in great detail on this page. Click here to go to their now!
Some more places that you might want to consider checking are with your local Realtor Association or through the legal department within your local MLS.
Hope this helps!
Be well,
Nicole Ocean
BPO Trainer/Realtor
http://www.nicoleocean.com
360-223-2482
Most states will allow people to do BPO's that are either a licensed real estate broker, agent and/or appraiser. Plus, your license must be active, current and in good standing within the state you are wanting to provide your services.
Is it illegal to perform BPO's in my state?
This is a big detail that you simply don't want to overlook when deciding if you want to and are able to do BPO work. The first place you want to go is directly to your broker. If they do not know then you and/or your broker may need to research this question more in order to get a crystal clear answer.
A good place to start is with your local real estate licensing board or your state's department of licensing. Click here to see an example of what my state's rules are on this.
Other places that are good to check in with are your state legislature. As an example my state's laws on this are explained in great detail on this page. Click here to go to their now!
Some more places that you might want to consider checking are with your local Realtor Association or through the legal department within your local MLS.
Hope this helps!
Be well,
Nicole Ocean
BPO Trainer/Realtor
http://www.nicoleocean.com
360-223-2482
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