New Hampshire License Law
A NH licensee who provides a 'broker price opinion' (BPO) must ensure that the BPO:
AMeets USPAP appraisal standards
BIs clearly labeled as a BPO and not an appraisal, and is not used for federally related loan origination✓ Correct
CIs signed by a licensed appraiser
DIs approved by NHREC before delivery
Explanation
BPOs are not appraisals and cannot be used for federally related mortgage loan origination. They must be clearly identified as broker price opinions, not appraisals. NH licensees providing BPOs should ensure they are not used for purposes that legally require a licensed appraisal.
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