http://www.batonrougerealestateappraisal.com/ - Are Baton Rouge Realtors Performing BPOs For Lenders Illegally?: No More BPOs For You! (How You Could be Violating RELRA)

On February 16, 2010, Renee Porsia posted an interesting article on AgentGenius entitled, “No More BPOs For You! (How You Could be Violating RELRA)“

It’s an interesting read and I recommend appraisers take time to read this one! Here’s a snippet:

“Perform a BPO and you may be violating the Real Estate Licensing and Registration Act (RELRA) and the Real Estate Appraisers Certification Act, and could be prosecuted by the Real Estate Commission or the State Board of Certified Appraisers or both.”

“For those Brokers/Realtors who are currently performing BPOs or those who have been performing BPOs to get extra income, those days are over and they should be grateful they have not yet been caught thus far.”

Mary Thompson also wrote on Active Rain about this very topic, “Just say no to BPO’s… in place of a bona fide appraisal“

Tags: bpos, broker price opinions

Related posts:

1. Recommended Reading For Denham Springs Mortgage Lenders and Realtors On “Low Appraisals”
2. Good News For Denham Springs Real Estate – The Brookings Institute Ranks Greater Baton Rouge Economy Number 8 Best In U.S.
3. Four Demographic Trends That Will Affect Greater Baton Rouge Housing
4. Greater Baton Rouge Homeowner Should Not Have Added $60,000 Pool In A $150,000 Subdivision
5. Listen To Greater Baton Rouge Real Estate Today National Of Association Of Realtor Saturday Radio Shows and Archives