Pennsylvania Code
Title 49 - PROFESSIONAL AND VOCATIONAL STANDARDS
Part I - DEPARTMENT OF STATE
Subpart A - PROFESSIONAL AND OCCUPATIONAL AFFAIRS
Chapter 36 - STATE BOARD OF CERTIFIED REAL ESTATE APPRAISERS
Subchapter E - APPRAISAL MANAGEMENT COMPANIES
STANDARDS OF PRACTICE
Section 36.434 - Broker price opinions and evaluations
Universal Citation: 49 PA Code ยง 36.434
Current through Register Vol. 54, No. 44, November 2, 2024
(a) An appraisal management company may not solicit or order, nor offer to solicit or order, a BPO for use in a non-Federally related transaction.
(b) An appraisal management company may not solicit or order, nor offer to solicit or order, a BPO for use in a Federally-related transaction.
(c) An appraisal management company may not solicit or order, nor offer to solicit or order, an evaluation.
(d) A comparative market analysis is not a BPO for purposes of AMCRA, REACA or this subchapter if performed for one or both of the following purposes:
(1) In pursuit of a listing.
(2) To determine probable selling
price.
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