{"data":{"id":"us-ar/ark.-code-ann.-17-42-110","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 17-42-110","heading":"Broker's price opinions","body":"(a) A licensee may prepare, provide, and collect a fee for issuing a broker's price opinion for: (1) An existing or potential seller for the purposes of listing and selling real estate; (2) An existing or potential buyer of real estate; (3) A third party making decisions or performing due diligence related to the potential listing, offering, sale, exchange, option, lease, or acquisition price of real estate; or (4) (A) An existing or potential lienholder. (B) However, a broker's price opinion prepared for an existing or potential lienholder in conjunction with the purchase of a buyer's principal residence shall not be used as the primary basis to determine the value of the buyer's principal residence for the purpose of a loan origination of a residential mortgage loan secured by the buyer's principal residence. (b) The Arkansas Real Estate Commission may prescribe rules for the preparation and issuance of a broker's price opinion. (c) Licensees shall have the authority to prepare and provide broker's price opinions pursuant to this section, notwithstanding the provisions of the Arkansas Appraiser Licensing and Certification Act, § 17-14-101 et seq., § 17-14-201 et seq., and § 17-14-301 et seq. (d) A broker's price opinion or market analysis issued by a real estate licensee shall not contain the terms \"market value\", \"appraised value\", or \"appraisal\". Acts 2011, No. 762, § 2.\n\n(a) A licensee may prepare, provide, and collect a fee for issuing a broker's price opinion for: (1) An existing or potential seller for the purposes of listing and selling real estate; (2) An existing or potential buyer of real estate; (3) A third party making decisions or performing due diligence related to the potential listing, offering, sale, exchange, option, lease, or acquisition price of real estate; or (4) (A) An existing or potential lienholder. (B) However, a broker's price opinion prepared for an existing or potential lienholder in conjunction with the purchase of a buyer's principal residence shall not be used as the primary basis to determine the value of the buyer's principal residence for the purpose of a loan origination of a residential mortgage loan secured by the buyer's principal residence.\n\n(1) An existing or potential seller for the purposes of listing and selling real estate;\n\n(2) An existing or potential buyer of real estate;\n\n(3) A third party making decisions or performing due diligence related to the potential listing, offering, sale, exchange, option, lease, or acquisition price of real estate; or\n\n(4) (A) An existing or potential lienholder. (B) However, a broker's price opinion prepared for an existing or potential lienholder in conjunction with the purchase of a buyer's principal residence shall not be used as the primary basis to determine the value of the buyer's principal residence for the purpose of a loan origination of a residential mortgage loan secured by the buyer's principal residence.\n\n(A) An existing or potential lienholder.\n\n(B) However, a broker's price opinion prepared for an existing or potential lienholder in conjunction with the purchase of a buyer's principal residence shall not be used as the primary basis to determine the value of the buyer's principal residence for the purpose of a loan origination of a residential mortgage loan secured by the buyer's principal residence.\n\n(b) The Arkansas Real Estate Commission may prescribe rules for the preparation and issuance of a broker's price opinion.\n\n(c) Licensees shall have the authority to prepare and provide broker's price opinions pursuant to this section, notwithstanding the provisions of the Arkansas Appraiser Licensing and Certification Act, § 17-14-101 et seq., § 17-14-201 et seq., and § 17-14-301 et seq.\n\n(d) A broker's price opinion or market analysis issued by a real estate licensee shall not contain the terms \"market value\", \"appraised value\", or \"appraisal\".","path":["AR Code","Title 17","Chapter 42","Subchapter 1"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_ar_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:41Z","sha256":"fb95de0cbc5d8c9bcc577995b49d69b11ce2581eebbabab054b465b41331f9d9","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-17-42-109","next":"us-ar/ark.-code-ann.-17-42-201"},"notice":"GroundRules: Original legal text. Not legal advice."}