36-21A-12.2. Broker price opinion and comparative market analysis defined.
84 words·~1 min read·
/sd/title-36/chapter-36-21/36-21a-12-2A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
For the purposes of this chapter, the terms, broker price opinion and comparative market analysis, mean an estimate prepared by a licensed broker or salesperson that details the probable selling price or leasing price of a particular parcel of or interest in real property and provides a varying level of detail about the property's condition, market and neighborhood, and information on comparable properties, but does not include an automated valuation model. A broker price opinion or a comparative market analysis is not an appraisal.