Home » Archive

Articles tagged with: real property

Business, Columns and other comments, News, Politics, Real Estate »

[5 Mar 2011 | No Comment | 2,556 views]
Senate committee to take up BPO legislation next week

The Arkansas Senate Committee on Insurance and Commerce will take up SB720 — a bill that has sparked some controversy — on Tuesday morning.
What is SB720? A measure that would essentially regulate broker price opinions (BPOs)– estimates of home values given by real estate agents when a full appraisal is not required. The law allows agents to write BPOs — and accept fees for them — to sellers considering listing real estate, people considering purchasing real estate or third parties related to the potential listing, offering, sale, exchange, option, lease, …