Hawaii License Law
Which of the following best describes 'broker price opinion' (BPO) services in Hawaii?
AA. A full certified appraisal requiring state appraiser certification
BB. A real estate licensee's estimate of property value, not a certified appraisal, typically for lenders✓ Correct
CC. A government-issued assessment used for tax purposes
DD. A buyer's agent analysis of comparable sales for negotiation only
Explanation
A BPO is a licensed broker's estimate of value prepared for lenders or other clients. It is not a certified appraisal and does not require an appraiser's license, but may require a real estate license.
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