Property Valuation
A Wisconsin broker preparing a BPO (Broker Price Opinion) should disclose that it is:
AA certified appraisal
BAn informal opinion of value by a licensee, not a licensed appraisal✓ Correct
COnly valid for 90 days
DThe same as a CMA
Explanation
A BPO is an informal opinion of market value prepared by a real estate licensee; it is not a licensed appraisal and should be clearly identified as such to clients.
Related Wisconsin Property Valuation Questions
- In Wisconsin, an 'as-is' appraisal reflects the value of the property:
- The cost approach to value is most reliable for:
- A Wisconsin appraiser uses the income approach for a retail strip mall. The appropriate method within the income approach for a stabilized property is:
- Wisconsin's DOR (Department of Revenue) 'Statement of Assessment' report provides what type of information?
- A Wisconsin appraiser's estimate of value must always reflect:
- When comparable sales in a Wisconsin CMA are from 18 months ago, the appraiser should:
- The Wisconsin equalized value (full value) of a property is set by:
- In Wisconsin, the assessed value is used for:
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