Sec. 1126. BROKER PRICE OPINIONS
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## SEC. 1126 BROKER PRICE OPINIONS **[**[12 U.S.C. 3355](/us/usc/t12/s3355)**]** ###
(a)General Prohibition In conjunction with the purchase of a consumer's principal dwelling, broker price opinions may not be used as the primary basis to determine the value of a piece of property for the purpose of a loan origination of a residential mortgage loan secured by such piece of property. ###
(b)Broker Price Opinion Defined For purposes of this section, the term “**broker price opinion**” means an estimate prepared by a real estate broker, agent, or sales person that details the probable selling price of a particular piece of real estate property and provides a varying level of detail about the property's condition, market, and neighborhood, and information on comparable sales, but does not include an automated valuation model, as defined in section 1125(c).
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Sec. 1126
BROKER PRICE OPINIONS
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