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2. Fair market value: What it is, how it’s calculated - AOL

   www.aol.com/finance/fair-market-value-calculated...

   A home's fair market value is, in a nutshell, the price that a buyer would pay a seller in an open market. Many factors go into determining it, including location, size, age, condition and the ...

3. Uniform Standards of Professional Appraisal Practice

   en.wikipedia.org/wiki/Uniform_Standards_of...

   Rather, USPAP simply requires that appraisers be familiar with and correctly utilize those methods which would be acceptable to other appraisers familiar with the assignment at hand and acceptable to the intended users of the appraisal. USPAP directs this through what is called the Scope of Work rule. At the onset of an assignment, an appraiser ...

4. Market value - Wikipedia

   en.wikipedia.org/wiki/Market_value

   Market value is the most commonly used type of value in real estate appraisal in the United States because it is required for all federally regulated mortgage transactions, and because it has been accepted by US courts as valid. However, real estate appraisers use many other definitions of value in other situations. [5]

5. Real estate appraisal - Wikipedia

   en.wikipedia.org/wiki/Real_estate_appraisal

   There are several types and definitions of value sought by a real estate appraisal. Some of the most common are: Market value – the price at which an asset would trade in a competitive Walrasian auction setting. Market value is usually interchangeable with open market value or fair value. International Valuation Standards (IVS) define:

6. What is a broker price opinion (BPO)? - AOL

   www.aol.com/finance/broker-price-opinion-bpo...

   The real estate agent doesn’t even enter the property, but instead assigns it a value based on its exterior appearance/condition and its location. Common uses of broker price opinions

7. Broker's price opinion - Wikipedia

   en.wikipedia.org/wiki/Broker's_price_opinion

   A broker's price opinion (BPO) is a report that is performed by a licensed real estate agent, broker. or appraiser. A BPO is an informal appraisal. It is similar to doing a CMA (Comparative Market Analysis) but most times the real estate professional gets paid to do a BPO. A BPO can be either an exterior drive-by or a full interior report.

8. Home appraisal vs. home inspection: What’s the difference?

   www.aol.com/finance/home-appraisal-vs-home...

   Purpose: The purpose of an appraisal is to determine the monetary value of a home. This can be impacted by its condition but also hinges on factors like the local real estate market and comparable ...

9. Fair market value - Wikipedia

   en.wikipedia.org/wiki/Fair_market_value

   The fair market value of property is the price at which it would change hands between a willing and informed buyer and seller. The term is used throughout the Internal Revenue Code , as well as in bankruptcy laws, in many state laws, and by several regulatory bodies.