Feb
19

Industry Groups Unite against BPOs

By

– Appraisal Institute

The Appraisal Institute has increased its stance against broker price opinions by informing several state appraiser board chairs of the possibility of illegal BPOs being performed in their states. In a joint letter, the Appraisal Institute, American Society of Appraisers, American Society of Farm Managers and Rural Appraisers, and the National Association of Independent Fee Appraisers informed appraiser board chairs in 23 states across the country about the possibility that real estate brokers and sales associates in their states may be performing BPOs illegally for the purposes of loan modifications, workouts and foreclosures.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

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