In PA, comparative market analysis (CMAs) are legal, but not Broker Price Opinions
(BPOs)
Pennsylvania real estate brokers who offer drive-by estimates of a property's
value – sometimes called broker price
opinions (BPOs) – are likely violating
state law, an attorney representing the state Association of REALTORS®
said Thursday (Feb. 19, 2003). More ...
PA State Board of Certified Real Estate Appraisers
The board, which is part of the state Department of State, maintains its own
website. Find
it here.
To locate board-created forms, including those needed to apply for a state
appraiser's license, click
here. You will need a copy of Adobe Acrobat Reader to view and print these
forms. To
get it free, click here.
There are four kinds of appraisers
Certified General -- These folks have met their education and experience
prerequisites and passed the general certification exam. They can
now appraise virtually all types of property: residential, commercial,
both federally related and non-federally related.
Certified Residential -- These folks have also met their education
and experience requirements, passed their exam and can appraise all categories
of residential property, federally and non-federally related.
Certified Broker-Appraiser -- Available ONLY before Sept. 3, 1998, and
now reserved ONLY for those who held their broker's license before 9/3/96
and who formally registered. Although not permitted to do federally
related appraisals, broker-appraisers may complete fee appraisals
for estates, divorces, private owners, third party companies and other
non-federally related assignments.
Certified Evaluator -- Relating to ad valorem tax appraisals by
Pennsylvania tax assessors.
Brokers had to pick sides by Sept. 3, 1998
The old rule -- once you're a broker, you're an appraiser -- expired on
Sept. 3, 1998.
Broker-Appraisers previously did not have to take more courses, take any exam,
nor pay a fee to obtain their initial certification. But they were
required to complete a simple registration form and submit it before
September 3, 1998, and complete 28 hours of Appraisal Continuing Education
by July 1, 1999.
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