Florian leonhard net worth12/31/2023 Selling, buying, exchanging, or leasing real estateĬollecting rent for the use of real estateĪssisting that person to locate or obtain real estate for purchase or lease Maryland’s real estate brokerage law (where I’m licensed) defines real estate brokerage services as doing the following another person for compensation: Real estate brokerage services vary slightly from state to state. But brokers and appraisers provide different services. Both real estate brokers and real estate appraisers must complete education and pass a test to receive a license. To understand the difference between appraisals, BOVs, and CMAs, it helps to understand the difference between the professionals that issue them. What’s the Difference Between a Real Estate Broker and a Real Estate Appraiser? This article discusses the differences between appraisals, BOVs, and CMAs, and how a real estate owner can decide which best meets their needs. Real estate appraisers provide appraisals. Real estate brokers may provide a broker opinion of value (BOV), sometimes called a broker price opinion (BPO), or a competitive market analysis (sometimes called a comparative market analysis) (CMA). Licensed real estate professionals can provide several types of opinions regarding a property’s value. Insurance appraisals also don’t guarantee that the instrument could be sold for the value indicated.Īs with violins, real estate owners can obtain different documents regarding a property’s value. For an instrument from a famous maker, the appraisal is based upon another luthier’s certificate of authenticity. Insurance appraisals give only the luthier’s opinion of the instrument’s value. Most owners want something that enables them to insure their instruments–an insurance appraisal. Since people rely upon certificates of authenticity, many luthiers are reluctant to provide them for instruments they didn’t sell.įew violin owners need certificates of authenticity. That certificate isn’t a guarantee–it’s only the luthier’s opinion of the violin’s provenance. Once a luthier determines the violin’s provenance, they can issue a certificate of authenticity. Even minute differences in tool marks can differentiate violins from different makers. Subtleties in the curve of the violin’s scroll, the shape of the f holes, and the sheen of the violin’s varnish all provide clues. Leonhard explains that violin authentication can require that he study an instrument for days. The Smithsonian’s website on violin authentication and appraisals says, “PLEASE DO NOT SEND YOUR INSTRUMENT TO THE SMITHSONIAN.” The site continues to warn, “ The presence of a label with a famous maker name or date has no bearing on whether the instrument is genuine.”įlorian Leonhard, a luthier in London and New York, equates his work to that of a detective evaluating suspects of a crime.
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