Chapter 16 Section 7 Flashcards

(4 cards)

1
Q

valuation in non-federally related transactions

A

-real estate licensees who are licensed under part 1 of F.S 475 are permitted to perform valuations for a fee in non-federally related transactions
-however, they cannot use the term appraiser or appraisal unless certified or registered to do so

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2
Q

comparative market analysis

A

-developed by using the same basic steps as an appraiser uses with the sales comparison approach, but employs less stringent methods

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3
Q

broker price opinion

A

-an estimate of a property’s value determined by a real estate broker or sales associate
-anyone who holds an active broker or sales associate license, or appraisal certification in FL may prepare a BPO
-the preparer is entitled to compensation for the BPO

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4
Q
A
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