BPO Series: Different types of estates and ways to divide their ownership
This series showcases the fundamental real estate knowledge needed by a DRE licensee to develop a Broker Price Opinion (BPO) to be handed to a client.
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Category: Appraisal
What is real estate?
Property is divided into two primary categories.
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Does a homeowner receive a refund for taxes paid when their property value is too high due to an incorrect assessment?
Greenspan v. County of Los Angeles Facts: A property owner demolishes the improvements on the...
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Appraisal rules for high-priced mortgages
A Section 35 higher-priced mortgage loan classification triggers certain appraisal report requirements.
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Paying appraisers
Fee appraisers are to be compensated by mortgage lenders and their agents at a reasonable rate – but there are exceptions that effectively gut this rule.
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Mortgage Concepts: Regulation of Appraisal Management Companies, a middleman for appraiser independence from lenders
Learn how AMCs operate in California to maintain appraiser independence.
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Conflicts of interest facing appraisers and mortgage lenders
An appraiser must not have a direct or indirect interest, financial, personal or otherwise, in the property they have been retained to prepare an appraisal.
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Appraisal discrimination made easier to spot with California’s new law
A new law authorizes the California BREA to collect demographic data from appraisers.
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Letter to the Editor: Who may render a broker price opinion (BPO)?
Does one need to be a broker to prepare and present a broker price opinion (BPO)?
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Ethics in rendering broker price opinion (BPO) services
Lean to recognize when arrangements, situations, and relationships can give rise to conflicts of interest in the preparation of a broker price opinion (BPO);
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Is the owner of a property used for sporting events entitled to an exclusion from assessed value an allocation for future functional obsolescence?
Joaquín Torres v. San Francisco Assessment Appeals Board No. 1
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Is a developer entitled to exclude from assessed value of a property the income received from subsidies and a property operator’s agreement?
Olympic and Georgia Partners, LLC v. County of Los Angeles
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Alternative to supervisor-trainee approach opens the door to become an appraiser
Appraiser trainees may now fulfill the experience requirement online – no insider status required.
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Below value appraisals are uncommon — but they are more likely in minority neighborhoods
New data shows homes are more likely to be appraised at below the contract price when they are located in minority neighborhoods.
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Economic considerations in an evaluation: Part 2
This article discusses different valuation methods for preparing a broker price opinion (BPO).
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Economic considerations in an evaluation: Part 1
Learn how local economic conditions influence a broker’s price opinion – and how to use different valuation methods.
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The Appraisal Foundation urged to revise their Ethics Rule for appraisers
The Appraisal Foundation, responsible for updating the Uniform Standards of Professional Appraisal Practice, has revised their Ethics Rule at the request of federal regulators.
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Market price influencers for a BPO report
Learn about the factors influencing a broker’s price opinion (BPO) report, including the property’s location, natural hazards and local ordinances.
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The votes are in: Appraiser discrimination is rare — here’s how to spot it
While rare, firsttuesday readers report firsthand experience of discrimination during the appraisal process.
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Help wanted: diversity in real estate appraiser industry
The real estate industry needs diverse representation to reflect its diverse group of clients — appraisers included.
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