Virginia Regulatory Town Hall
Agency
Department of Professional and Occupational Regulation
 
GDForum ID: 2784
    
Description of Proposed Guidance Document Changes
Document #4058: Broker Price Opinion Guidance Document. This document provides guidance pertaining to ยง 54.1-2010.A.1 of the Code of Virginia, which (i) prohibits any licensee who provides a valuation or analysis of real estate, such as a broker price opinion, for a fee in the ordinary course of business from holding themself out as a real estate appraiser; (ii) prohibits such valuation as being referred to as an appraisal; and (iii) provides that such valuation not be used in lieu of an appraisal performed by a licensed real estate appraiser. The document is being revised to streamline the guidance provided to regulants and to remove unnecessary language.
 
[This forum has been finalized.]
Guidance Document(s) for this Comment Forum
 
Document ID Document Title Current Document Proposed Document Revised Proposed
4058 Broker Price Opinion Guidance Document Old Version Removed     pdf Proposed Document Posted with original changes on 11/20/2025
 
Contact Information
 
Name:
Joe Haughwout
        Title:
Regulatory Affairs Manager
 
Email:
Joseph.Haughwout@dpor.virginia.gov
 
Address:
Perimeter Center
9960 Mayland Drive, Suite 400
 
City:
Richmond
State:  
VA
Zip:  
23233
 
Phone:
(804)367-8566
Fax:  
(804)527-4403
 
ORM Review
 
ORM Approved (9/30/2025)
pdf ORM Economic Review Form     posted: 9/16/2025         submitted to ORM: 9/16/2025
 
The Virginia Register
 

Publication Date: 10/20/2025    Volume: 42  Issue: 5
The public comment period began upon publication and lasted for 30 days. It ended on 11/19/2025.
There were no comments
Effective Date:  11/20/2025   
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