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Broker Price Opinion?
A broker price opinion is a valuation performed by a broker or agent. Usually requested from a financial institution. you can find more information on http://www.insider-reports.com
Where do brokers obtain their information to complete a Broker Price Opinion?
From the recent sales information from their MLS and from their local title company.
Could an audit report contain both disclaimer and adverse opinion?
audit cannot be an opinion only fact
What states define a Broker Price Opinion BPO as an appraisal and require it be completed by a licensed or certified appraiser?
WV, PA, UT, NV, MS... Most of the agents/brokers in the bigger cities will complete BPOs for the normal fee but as soon as you get into the rural areas you better count on paying for an appraisal.ARIZONA: (3/24/2010) A.R.S. 32-3602 This chapter does not apply to: 1. A real estate broker or salesperson who is licensed in this state and who, when acting as such, gives an opinion as to the price of real estate if this opinion is not referred to as an appraisal.KANSAS: (3/24/2010) 58-4102, (c) "Broker's price opinion" and "comparative market analysis" means an analysis, opinion or conclusion prepared by an individual licensed as a real estate broker or salesperson pursuant to K.S.A. 58-3034 et seq., and amendments thereto, relating to the price of specified interests in or aspects of identified real estate property that is provided to a potential customer, client or third party in the ordinary course of business.MISSOURI: (3/24/2010) 339.503, (8) "Broker price opinion", an opinion of value, prepared by a real estate licensee for a fee, that includes, but is not limited to, analysis of competing properties, comparable sold properties, recommended repairs and costs or suggested marketing techniques. A broker price opinion is not an appraisal and shall specifically state it is not an appraisal;
Can an Idaho real estate agent perform a bpo?
B.P.O. stands for Broker Price Opinion hence only real estate brokers or agents can provide such opinions.
At what point do client-imposed audit scope limitations affect the type of audit opinion issued?
It depends. In some cases, scope limitations can be "worked around" and a different audit procedure can accomplish the same objective. When that happens, there is no affect on the type of audit opinion. In other cases, the scope limitation will relate to an area that is not material to the financial statements. Again, no affect on the opinion. However - some scope limitations can prevent the auditor from gaining audit evidence to support an unqualified (clean) opinion. If that happens in a significant area, the audit opinion may have to be a "disclaimer." This is determined by the auditor in the specific situation.
What is disclaimer audit opinion?
A disclaimer of opinion should be expressed when the possible effect of a limitation of scope is so material and pervasive that the auditor has not been able to obtain sufficient appropriate audit evidence and is unable to express an opinion on the financial stements.
What is price paid to a broker for services?
commission
The audit opinion sets out explicit opinions which must be stated in the audit report.?
The audit opinion is a critical component of the audit report, providing a formal conclusion on the accuracy and fairness of an entity's financial statements. It can be categorized into several types, including unqualified, qualified, adverse, and disclaimer opinions, each reflecting the auditor's assessment of the financial statements' compliance with applicable accounting standards. The opinion helps stakeholders, such as investors and regulators, understand the reliability of the financial information presented. Clear articulation of the audit opinion enhances transparency and informs decision-making processes.
What are the types of audit opinions?
There are four main types of audit opinions: unqualified, qualified, adverse, and disclaimer of opinion. An unqualified opinion indicates that the financial statements present a true and fair view in accordance with applicable accounting standards. A qualified opinion suggests that, except for certain issues, the statements are reliable. An adverse opinion denotes significant misstatements, while a disclaimer of opinion occurs when the auditor cannot form an opinion due to limitations in the audit scope or other issues.
What's the form that instructs your broker to buy or sell when a stock reaches a specified price?
Limit Order is the form that instructs your broker to buy or sell when a stock reaches a specified price.
What is the purpose of audit working papers?
Audit working papers are used to support the audit work done in order to provide assurance that the audit was performed in accordance with the relevant auditing standards. They show the audit was:Properly planned;Carried out;There was adequate supervision;That the appropriate review was undertaken; & finally and most importantly;That the evidence is sufficient and appropriate to support the audit opinion.
