Final answer:
Brokers in West Virginia cannot perform a BPO unless they follow state laws governing the conduct of BPOs to ensure accuracy and objectivity in property valuation.
Step-by-step explanation:
In West Virginia, brokers may not perform a "Broker Price Opinion" (BPO) unless the broker is specifically acting by state laws that regulate the conditions and circumstances under which a BPO may be conducted. A BPO is an estimate of a property's value, typically less formal than an appraisal, conducted by a real estate broker.
Such activities are tightly controlled and may involve specific licensure or adherence to regulatory standards to ensure that the broker's opinion on the property value is both objective and accurate. When it comes to BPOs, regulations are in place to protect consumers and maintain the integrity of the real estate market.