<html xmlns:v="urn:schemas-microsoft-com:vml" xmlns:o="urn:schemas-microsoft-com:office:office" xmlns:w="urn:schemas-microsoft-com:office:word" xmlns:m="http://schemas.microsoft.com/office/2004/12/omml" xmlns="http://www.w3.org/TR/REC-html40">
<head>
<meta http-equiv=Content-Type content="text/html; charset=us-ascii">
<meta name=Generator content="Microsoft Word 12 (filtered medium)">
<!--[if !mso]>
<style>
v\:* {behavior:url(#default#VML);}
o\:* {behavior:url(#default#VML);}
w\:* {behavior:url(#default#VML);}
.shape {behavior:url(#default#VML);}
</style>
<![endif]-->
<style>
<!--
/* Font Definitions */
@font-face
{font-family:"Cambria Math";
panose-1:2 4 5 3 5 4 6 3 2 4;}
@font-face
{font-family:Calibri;
panose-1:2 15 5 2 2 2 4 3 2 4;}
@font-face
{font-family:Tahoma;
panose-1:2 11 6 4 3 5 4 4 2 4;}
@font-face
{font-family:"Monotype Corsiva";
panose-1:3 1 1 1 1 2 1 1 1 1;}
/* Style Definitions */
p.MsoNormal, li.MsoNormal, div.MsoNormal
{margin:0in;
margin-bottom:.0001pt;
font-size:11.0pt;
font-family:"Calibri","sans-serif";}
a:link, span.MsoHyperlink
{mso-style-priority:99;
color:blue;
text-decoration:underline;}
a:visited, span.MsoHyperlinkFollowed
{mso-style-priority:99;
color:purple;
text-decoration:underline;}
p
{mso-style-priority:99;
mso-margin-top-alt:auto;
margin-right:0in;
mso-margin-bottom-alt:auto;
margin-left:0in;
font-size:12.0pt;
font-family:"Times New Roman","serif";}
p.MsoAcetate, li.MsoAcetate, div.MsoAcetate
{mso-style-priority:99;
mso-style-link:"Balloon Text Char";
margin:0in;
margin-bottom:.0001pt;
font-size:8.0pt;
font-family:"Tahoma","sans-serif";}
span.EmailStyle17
{mso-style-type:personal-compose;
font-family:"Calibri","sans-serif";
color:windowtext;}
span.BalloonTextChar
{mso-style-name:"Balloon Text Char";
mso-style-priority:99;
mso-style-link:"Balloon Text";
font-family:"Tahoma","sans-serif";}
.MsoChpDefault
{mso-style-type:export-only;}
@page Section1
{size:8.5in 11.0in;
margin:1.0in 1.0in 1.0in 1.0in;}
div.Section1
{page:Section1;}
-->
</style>
<!--[if gte mso 9]><xml>
<o:shapedefaults v:ext="edit" spidmax="2050" />
</xml><![endif]--><!--[if gte mso 9]><xml>
<o:shapelayout v:ext="edit">
<o:idmap v:ext="edit" data="1" />
</o:shapelayout></xml><![endif]-->
</head>
<body lang=EN-US link=blue vlink=purple>
<div class=Section1>
<p style='margin:0in;margin-bottom:.0001pt'><span style='font-size:11.0pt;
font-family:"Arial","sans-serif";color:black'>As the 2020 Bannock County Tax
assessments get delivered, we, as REALTORS will undoubtedly receive calls from family,
friends and past customers and clients in regards to their assessed values. It
is the duty of the 2020 GPAR Board of Directors to remind all licensees of the
scope of their licensure. In regards to the topic at hand, first and foremost,
we are stewards of proprietary information, including, but not limited to; sold
prices, sellers/buyers identification, contact info, schedules, access info
etc. Secondly, Idaho Statutes, Title 54, Chapter 41 “Idaho Real Estate
Appraisers Act” states the following:</span><o:p></o:p></p>
<p style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:28.0pt'><span
style='font-size:11.0pt;font-family:"Courier New";color:#161616'>54-4105.
EXCEPTIONS. (1) The provisions of this chapter do not restrict the right to use
the term "appraiser," provided that such term is not used in a manner
that creates the impression of certification by the state of Idaho to perform
real estate appraisals other than ad valorem tax appraisals. However, nothing
in this chapter shall entitle a state licensed or state certified real estate
appraiser to appraise real estate for ad valorem tax purposes unless he has
first been certified by the Idaho state tax commission pursuant to section </span><a
href="https://legislature.idaho.gov/statutesrules/idstat/Title63/T63CH1/SECT63-105A"
target="_blank"><span style='font-size:11.0pt;font-family:"Courier New";
color:purple'>63-105A</span></a><span style='font-size:11.0pt;font-family:"Courier New";
color:#161616'>(17), Idaho Code.</span><o:p></o:p></p>
<p style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:28.0pt'><span
style='font-size:11.0pt;font-family:"Courier New";color:#161616'>(2) The
provisions of this chapter shall not apply to a licensed real estate broker,
associate broker or salesperson who, in the ordinary course of his business
gives an opinion of the price of real estate for the purpose of a prospective
listing or sale, provided that such person does not represent himself as being
a state licensed or certified real estate appraiser.</span><o:p></o:p></p>
<p style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:28.0pt'><span
style='font-size:11.0pt;font-family:"Courier New";color:#161616'>(3) The
provisions of this chapter shall not prohibit a real estate broker or associate
broker licensed under </span><a
href="https://legislature.idaho.gov/statutesrules/idstat/Title54/T54CH20"
target="_blank"><span style='font-size:11.0pt;font-family:"Courier New";
color:purple'>chapter 20, title 54</span></a><span style='font-size:11.0pt;
font-family:"Courier New";color:#161616'>, Idaho Code, whose license is active
and in good standing, from rendering a broker’s price opinion, for which
the broker may charge a fee, provided the broker’s price opinion complies
with the following requirements:</span><o:p></o:p></p>
<p style='margin:0in;margin-bottom:.0001pt;text-align:justify'><span
style='font-size:11.0pt;font-family:"Courier New";color:#161616'>(a) The
broker’s price opinion shall be in writing and contain the following:</span><o:p></o:p></p>
<p style='margin:0in;margin-bottom:.0001pt;text-align:justify'><span
style='font-size:11.0pt;font-family:"Courier New";color:#161616'>(i)
A statement of the intended purpose of the price opinion;</span><o:p></o:p></p>
<p style='margin:0in;margin-bottom:.0001pt;text-align:justify'><span
style='font-size:11.0pt;font-family:"Courier New";color:#161616'>(ii) A
brief description of the subject property and property interest to be priced;</span><o:p></o:p></p>
<p style='margin:0in;margin-bottom:.0001pt;text-align:justify'><span
style='font-size:11.0pt;font-family:"Courier New";color:#161616'>(iii)
The basis of reasoning used to reach the conclusion of the price, including the
applicable market data and/or capitalization computation;</span><o:p></o:p></p>
<p style='margin:0in;margin-bottom:.0001pt;text-align:justify'><span
style='font-size:11.0pt;font-family:"Courier New";color:#161616'>(iv)
Any assumptions or limiting conditions;</span><o:p></o:p></p>
<p style='margin:0in;margin-bottom:.0001pt;text-align:justify'><span
style='font-size:11.0pt;font-family:"Courier New";color:#161616'>(v)
A disclosure of any existing or contemplated interest of the broker(s)
issuing the opinion;</span><o:p></o:p></p>
<p style='margin:0in;margin-bottom:.0001pt;text-align:justify'><span
style='font-size:11.0pt;font-family:"Courier New";color:#161616'>(vi)
The name and signature of the broker(s) issuing the price opinion and the date
of its issuance;</span><o:p></o:p></p>
<p style='margin:0in;margin-bottom:.0001pt;text-align:justify'><span
style='font-size:11.0pt;font-family:"Courier New";color:#161616'>(vii) A
disclaimer that, unless the broker is licensed under the Idaho real estate
appraisers act, </span><a
href="https://legislature.idaho.gov/statutesrules/idstat/Title54/T54CH41"
target="_blank"><span style='font-size:11.0pt;font-family:"Courier New";
color:purple'>chapter 41, title 54</span></a><span style='font-size:11.0pt;
font-family:"Courier New";color:#161616'>, Idaho Code, the report is not
intended to meet the uniform standards of professional appraisal practice;</span><o:p></o:p></p>
<p style='margin:0in;margin-bottom:.0001pt;text-align:justify'><span
style='font-size:11.0pt;font-family:"Courier New";color:#161616'>(viii) A
disclaimer that the broker’s price opinion is not intended to be an
appraisal of the market value of the property, and that if an appraisal is
desired, the services of a licensed or certified appraiser should be obtained.</span><o:p></o:p></p>
<p style='margin:0in;margin-bottom:.0001pt;text-align:justify'><span
style='font-size:11.0pt;font-family:"Courier New";color:#161616'>The
broker’s price opinion permitted under this chapter may not be used as an
appraisal, or in lieu of an appraisal, in a federally related transaction.</span><o:p></o:p></p>
<p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'> <o:p></o:p></p>
<p style='margin:0in;margin-bottom:.0001pt'><span style='font-size:11.0pt;
font-family:"Arial","sans-serif";color:black'>Simply stated, the <b>distribution</b> of
comparable sold information, by a licensed sales person, to the general public
for purposes of appealing tax assessments is not permitted.</span><span
style='font-size:11.0pt;font-family:"Arial","sans-serif"'><o:p></o:p></span></p>
<p style='margin:0in;margin-bottom:.0001pt'><span style='font-size:11.0pt;
font-family:"Arial","sans-serif";color:black'>It should also be noted that a
“Broker’s Price Opinion” has separate standards and criteria
and you should <b>consult with</b> your broker for policies and guidance on
that manner.</span><span style='font-size:11.0pt;font-family:"Arial","sans-serif"'><o:p></o:p></span></p>
<p class=MsoNormal><span style='font-family:"Arial","sans-serif"'><o:p> </o:p></span></p>
<p class=MsoNormal><span style='font-family:"Arial","sans-serif"'>Eli Townsend<o:p></o:p></span></p>
<p class=MsoNormal><span style='font-family:"Arial","sans-serif"'>2020 GPAR
President<o:p></o:p></span></p>
<p class=MsoNormal><o:p> </o:p></p>
<p class=MsoNormal><o:p> </o:p></p>
<p class=MsoNormal><span style='font-size:16.0pt;font-family:"Monotype Corsiva";
color:#FF0080'>Tiffany Hendricks</span><span style='font-size:16.0pt;
font-family:"Times New Roman","serif";color:#1F497D'><o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:16.0pt;font-family:"Monotype Corsiva";
color:#CD216F'>Executive Officer</span><span style='font-size:16.0pt;
color:#CD216F'><o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:16.0pt;font-family:"Monotype Corsiva";
color:#CD216F'>Greater Pocatello Association of REALTORS®</span><span
style='font-size:16.0pt;color:#CD216F'><o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:16.0pt;font-family:"Monotype Corsiva";
color:#CD216F'>978 W. Alameda</span><span style='font-size:16.0pt;color:#CD216F'><o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:16.0pt;font-family:"Monotype Corsiva";
color:#CD216F'>P.O. Box 2552</span><span style='font-size:16.0pt;color:#CD216F'><o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:16.0pt;font-family:"Monotype Corsiva";
color:#CD216F'>Pocatello, ID 83206</span><span style='font-size:16.0pt;
color:#CD216F'><o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:16.0pt;font-family:"Monotype Corsiva";
color:#CD216F'>Phone (208) 237-2600</span><span style='font-size:16.0pt;
color:#CD216F'><o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:16.0pt;font-family:"Monotype Corsiva";
color:#CD216F'>Fax (208) 237-8344</span><span style='font-size:16.0pt;
color:#CD216F'><o:p></o:p></span></p>
<p class=MsoNormal><span style='color:black'><img border=0 width=624 height=78
id="Picture_x0020_1" src="cid:image003.png@01D64314.8732F940"
alt="cid:3b2273ed-7e9f-44a5-9fa1-cf6dde4a811a"></span><o:p></o:p></p>
<p class=MsoNormal><o:p> </o:p></p>
</div>
</body>
</html>