On November 27, 2012, the New Jersey Real Estate Appraisers Board (“the Board”) approved the issuance of an Advisory Opinion regarding whether real estate licensees may prepare Broker Price Opinions without engaging in the unlicensed practice of appraising. A copy of the Advisory Opinion is available through the Board’s public web site at www.njconsumeraffairs.gov/rea/Documents/Advisory-Opinion.pdf.
Any questions regarding the Advisory Opinion should be directed to the New Jersey Real Estate Appraiser Board.
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