Can Real Estate License Holders Use the Term Appraised Value? – Texas REALTORS®-2021十大正规彩票app

September 01, 2020

No, unless they are referring to the value of a property as determined by an appraiser. Only an appraiser can determine a property’s value, according to TREC. A real estate license holder cannot perform an appraisal of, or provide an opinion of value for, real property unless that person is a licensed appraiser. A license holder may not use the term value when referring to that license holder’s own market analysis.

Real estate license holders can offer an estimated sale price, listing price, or estimated worth. Sales agents must do so in their sponsoring broker’s name. Any price opinion, market analysis, or estimate must include this written statement verbatim and in at least 12-point font: “This represents an estimated sale price for this property. It is not the same as the opinion of value in an appraisal developed by a licensed appraiser under the Uniform Standards of Professional Appraisal Practice.

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