Field Asset Verification (FAV)

A drive-by property evaluation of residential real estate, performed by a licensed real estate agent or appraiser

The FAV combines the field agent's drive-by opinion of value with a supporting nearby comparable sale and other available public information about subject property

The FAV is not an appraisal and does not include either (a) a physical inspection of the interior of subject property, or (b) photographs of the interior or exterior of subject property

Property Evaluation Report (PER)

A property evaluation of residential real estate performed by a licensed real estate agent or appraiser

The PER is based upon a direct sales comparison approach

The field agent value conclusion is supported by three nearby comparable properties that have recently sold and public records information

The PER comes as an interior (PERi) or exterior report, with or without photos

The PER is not an appraisal

Broker's Price Opinion (BPO)

Provides subject property verification

Determines current condition of subject exterior

Assesses neighborhood property trends

Determines typical marketing time

Summarizes and compares closed sales and competitive listings to subject property

Provides an estimated value for subject property containing either probable sales price or suggested list price

The BPO comes as an interior (BPOi) or exterior report, with or without photos

The BPO is not an appraisal