Property Valuation
A NH real estate professional conducting a broker price opinion (BPO) should understand that a BPO:
AIs the equivalent of a USPAP-compliant appraisal
BIs an informal valuation opinion used for specific purposes (e.g., REO pricing) and is not an appraisal✓ Correct
CMay be used for mortgage origination purposes
DIs required to be submitted to the NHREC
Explanation
A BPO is an informal estimate of value by a real estate licensee — not a USPAP-compliant appraisal. It is used for limited purposes (setting REO list prices, loss mitigation) and cannot replace a certified appraisal for mortgage origination.
Related New Hampshire Property Valuation Questions
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