Section 36.334. Broker price opinions

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(a) A BPO may not be used as an evaluation in a non-Federally related transaction.
(b) A BPO may be used as an evaluation in a Federally-related transaction only if the transaction is exempt from the requirement for an appraisal under FIRREA and an appraisal is not otherwise required by the regulations, guidelines or requirements of any lender, agency or other organization.
(c) A comparative market analysis is not a BPO for purposes of the law, REACA or this subchapter if performed for one or both of the following purposes:
(1) In pursuit of a listing.
(2) To determine probable selling price.

                    
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