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Zaio Corp. (CVE:ZAO) has launched an appraisal report with the site inspection provided by a real estate agent, titled MarketValue Pro.
Zaio Corp. (CVE:ZAO) has launched an appraisal report with the site inspection provided by a real estate agent, titled MarketValue Pro.
According to the press release:
MVP provides an alternative to broker price opinions (BPOs) in states where regulations limit the ability of a real estate agent to provide valuation services.
“We’ve been working with key strategic clients to provide an effective valuation alternative for the nearly two dozen states that restrict real estate agents ability to perform BPOs,” said Shane Copeland, chief executive officer of Zaio. “As the market shifts due to compliance concerns, Valuation Vision is strategically expanding its product offering to displace the estimated $280-million (U.S.) spent on BPOs in those states.”
MarketValue Pro is a USPAP-compliant appraisal report, that relies on a comprehensive site inspection performed by an agent or property inspector who follows the company’s workflow system, and then passes that work on to a local licensed or certified appraiser who conducts the value reconciliation using the company’s desktop tools. MVP leverages Valuation Vision’s Clarocity technology platform to complete a credible report in a fraction of the time and cost of traditional appraisals.
“MVP was designed to allow appraisers to profitably provide fully compliant appraisal report that competes with the growing popularity of broker price opinions,” said Ernie Durbin, chief valuation officer of Valuation Vision. “By streamlining the process and adding an easy step-by-step user experience, we’ve achieved another unique hybrid solution that allows appraisers to rapidly produce credible USPAP compliant appraisal reports that meet our customers needs.”