The BPOSG provides a comprehensive framework for the preparation of Broker Price Opinions (BPOs), including best practices for the selection and utilization of comparable properties, pricing considerations, the use of photographs, and ethical and competency considerations. BPOSG is being adopted throughout the valuation industry, and Pro-Teck Services is pleased to have provided people and resources to its development.
The BSB was established by the Real Estate Valuation Advocacy Association (REVAA), a nonprofit trade association dedicated to formalizing standards within the real estate valuation industry. REVAA's mission is to promote ethical standards, political awareness and the advancement of an array of valuation methods.
Mr. Dickstein also added, "Fannie Mae and Freddie Mac's loan modification programs make significant use of BPOs. The BPOSG will help provide solid valuations for these important initiatives."
About Pro-Teck Services:
Established in 1977, Pro-Teck Services works with lenders, servicers, investors and insurance underwriters to improve risk management through superior real estate collateral information. By focusing on quality, customer service and technology, Pro-Teck Services enables its customers to make sound valuation decisions.
Contact: Domenica Puleo 781.314.1627 firstname.lastname@example.org
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