Phone: (407) 286-5584 |
Appraisal vs Brokers Price Opinion (BPO)
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When do I need an appraisal?
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The IRS requires appraisals for Estate Planning purposes.
Divorce and dissolution-of-partnership require appraisals.
Appraisals are performed by licensed real estate appraisers.
Daniel Peele is licensed as a State Certified General Real Estate Appraiser RZ 887.
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Can I save money by ordering a BPO for valuation of my property?
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RE Brokers use BPO’s also known as BOV’s (Brokers Opinion of Value) to support listing prices.
Daniel Peele is licensed as a Real Estate Broker BK 166385
Mr. Peele is one of the very few RE professionals in central Florida with dual licenses.
As such, Mr. Peele can deliver a range of valuation products not limited to just “Appraisals”.
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MAI, what is it? ASA, what is it?
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Appraisal Institute is a Trade Association that promotes the MAI designation.
American Society of Appraisers is a Trade Association that promotes the ASA designation
Florida Real Estate Appraisal Board (FREAB) regulates Appraisers through the enforcement of the Uniform Standards of Professional Practice promulgated by the Appraisal Foundation.
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Trade Associations do not regulate appraisers, they promote ethics and education.
Membership in a Trade Association has no bearing on an appraisers qualifications.
U.S. Courts do not require membership in a trade association as a qualifying criteria.
Lenders do not require membership in a trade association as a qualifying criteria.
Each Court & Lender sets their own criteria for appraiser qualifications.
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- Phone: (407) 286-5584Map Address: 3956 Town Center Blvd #133 Orlando, FL 32837
Orange County
Florida
32837
United States