What types of valuations are recognized for appraisal delivery under Reg B?

The recognition of various types of valuations for appraisal delivery under Regulation B is crucial in understanding how lenders assess property values. The correct answer encompasses appraisals, broker's price opinions, and automated valuation models, illustrating a comprehensive approach to property valuation.

Appraisals, performed by licensed appraisers, provide an in-depth analysis based on various factors such as property condition, market trends, and comparable sales. This traditional method is highly regarded for its thoroughness and accuracy in determining a property's market value.

Broker's price opinions (BPOs) offer a more streamlined assessment often used for quick value estimations. Real estate brokers utilize their expertise to estimate a property's value based on comparable data, making BPOs a practical tool in situations where a full appraisal may not be necessary.

Automated valuation models (AVMs) use statistical methods and algorithms to estimate property values based on market data and trends. While they may not always capture the nuances of a property as effectively as appraisals or BPOs, they provide an efficient way to generate quick valuations.

Recognizing all three types of valuations under Reg B ensures a broader range of options for lenders, enabling them to choose the most appropriate valuation method based on the context and specific requirements of a transaction.