Virginia Regulatory Town Hall
Agency
Department of Professional and Occupational Regulation
Guidance Document Information
Title Broker Price Opinion Guidance Document
Document ID 4058
Summary This document provides guidance pertaining to § 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.
Effective Date 12/4/2009
pdf View document text     Posted On 11/20/2025                 Document on Town Hall

This document applies to all chapters for the following boards
[18 VAC 135] Real Estate Board
Public Comment Forums / Change History
Proposed Change Register Date Status
Document #4058: Broker Price Opinion Guidance Document. This document provides guidance pertaining to § 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 bus.... 10/20/2025 Forum ended on 11/18/2025 with 0 Comments.


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