Washington License Law
Washington allows real estate licensees to provide broker price opinions (BPOs) under which circumstances?
AOnly as part of a full appraisal assignment
BFor use in real estate brokerage transactions (such as listing pricing), but NOT for federally related loan transactions requiring appraisals✓ Correct
CFor any purpose including mortgage lending decisions
DOnly if the licensee is also a certified appraiser
Explanation
Washington licensees may prepare broker price opinions (BPOs) for brokerage-related purposes such as establishing listing prices. However, BPOs cannot replace USPAP-compliant appraisals for federally related loan transactions under federal regulations.
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