- (a) An appraisal management company may not solicit or order, nor offer to solicit or order, a BPO for use in a non-Federally related transaction.
- (b) An appraisal management company may not solicit or order, nor offer to solicit or order, a BPO for use in a Federally-related transaction.
- (c) An appraisal management company may not solicit or order, nor offer to solicit or order, an evaluation.
(d) A comparative market analysis is not a BPO for purposes of AMCRA, 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.