Broker's Opinion Reports
What is it?
Title 18 of Washington State Law allows for Broker's Opinion Reports of estimated listing (market offering) value.
Though a Brokers Opinion Report is not an appraisal, "if an appraiser looks at it and has a valuation put on it, it can be used in lieu of an appraisal" (Valuation Magazine, Appraisal Institute, Third Quarter 2004,"Speed Drive" by Bill Rayburn, Page 8). A Broker's Opinion Report is not an appraisal of value according to the Appraisal Foundation and is not compliant with the Uniform Standards of Professional Appraisal Practice (USPAP) or FIRREA.
Though a Brokers Opinion Report is not an appraisal, "if an appraiser looks at it and has a valuation put on it, it can be used in lieu of an appraisal" (Valuation Magazine, Appraisal Institute, Third Quarter 2004,"Speed Drive" by Bill Rayburn, Page 8). A Broker's Opinion Report is not an appraisal of value according to the Appraisal Foundation and is not compliant with the Uniform Standards of Professional Appraisal Practice (USPAP) or FIRREA.
Who should use it?
This is a product for leased-fee and fee-simple (Owner occupied) commercial property. Our Broker's Opinion Report is a result of requests from clients, specifically accountants, attorneys and estate planners needing an estimate of a listing price, supported by the market for estate planning and settlement purposes.
Our expanded Broker's Opinion Report normally costs $2,000 and is completed in less than two weeks. We address land sales and listings, improved property sales and listings as well as income (actual, for lease and leased). To date all who have used our Brokers Opinions have been satisfied and have satisfied their clients as well as government agencies.
Our Real Estate Brokers Opinion Report was developed in conjunction with national trust managers and law firm clientele and utilizes proprietary software.
Our expanded Broker's Opinion Report normally costs $2,000 and is completed in less than two weeks. We address land sales and listings, improved property sales and listings as well as income (actual, for lease and leased). To date all who have used our Brokers Opinions have been satisfied and have satisfied their clients as well as government agencies.
Our Real Estate Brokers Opinion Report was developed in conjunction with national trust managers and law firm clientele and utilizes proprietary software.
How to order...
To request a demonstration copy of a Broker's Opinion Report, please click the link at the bottom of the page, and more information will be emailed to you promptly. This demonstration packet is restricted to CPAs, lawyers, trust managers and financial planners. Each accountant, attorney or other professional must weigh and decide on the applicability of a Broker's Opinion Report to their needs. To our knowledge, our Broker's Opinion has been a timely and affordable option for estate settlement and planning, partnership dissolution and landlord/tenant buy/sell transactions.
If you would like to discuss this topic, please contact by email via the form linked below.
If you would like to discuss this topic, please contact by email via the form linked below.