Wyoming License Law
A Wyoming real estate licensee who is asked to perform a 'Broker Price Opinion' (BPO) for a bank should know that:
ABPOs are performed under the same standards as full USPAP appraisals
BBPOs are not full appraisals and cannot be used for federally-related mortgage transactions requiring a licensed appraiser✓ Correct
CBPOs always require a licensed appraiser to perform
DBPOs are prohibited in Wyoming
Explanation
BPOs (Broker Price Opinions) are market value opinions provided by real estate licensees—they are not USPAP appraisals. While used for certain purposes (REO pricing, loan servicing decisions), they cannot substitute for a licensed appraisal in federally-related mortgage transactions.
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