Category Archives: Broker Price Opinions

NC Real Estate Commission Drafts New BPO Rules

As previously discussed on this site, NC Senate Bill 521 will grant real estate agents the right to perform a Broker Price Opinion for compensation even if there is no reasonable expectation of obtaining the listing.  Previously, to perform a BPO, the agent had to have some expectation of obtaining the listing or be licensed […]

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Broker Price Opinion Bill Signed by Governor Bev Perdue

I’ve been writing about the potential law change regarding BPO’s in North Carolina for some time now.  And when Senate Bill 521 passed through the legislature, it was widely discussed online in other forums, blogs, and news media.  But the bill wasn’t yet a law, because the governor hadn’t signed it.  Well, all that changed […]

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NC Realtors Push for BPO Law Change

The North Carolina Association of Realtors (www.ncrealtors.org) has begun an email campaign to push for support of Senate Bill 521 – Broker Price Opinions. Below is the email that was just sent out by NCAR… A major piece of legislation is under consideration in the North Carolina General Assembly and we need your help! Click here to take […]

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North Carolina Revokes License of BPO Agent

I’ve discussed before the State of North Carolina’s position on Broker Price Opinions.  As previously mentioned, BPOs aren’t necessarily frowned upon by the NC Real Estate Commission, but they may only be performed by a broker if the broker has a reasonable expectation that they may get the listing.  In page 13 of the Commission’s […]

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NC Real Estate Commission: BPOs Can Violate Appraisers Act

We’ve touched on this issue before, but the North Carolina Real Estate Commission feels this issue is important enough to write about it in the March 2011 issue (page 4) of the Real Estate Bulletin. According to the NC REC, brokers are well within their rights to perform a Broker Price Opinion (BPO) if it […]

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North Carolina BPO’s Under Legal Scrutiny

In North Carolina, BPO’s (Broker Price Opinions) are done just like they are done in most states…by real estate agents for a fee of roughly $50-$75.  However, the North Carolina Association of Realtors has been spreading the word that this is in violation of state law. That’s right…according to David McGowan, NC REALTORS Director of […]

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