On Aug. 19, New Jersey Gov. Chris Christie vetoed legislation that would have significantly expanded the ability of the state’s real estate professionals to provide broker price opinion and comparative market analysis services.   Bill S 2551 would have allowed real estate brokers, broker-salespersons and salespersons to perform BPOs for many purposes including tax appeals, investor due diligence, portfolio valuation and distressed loan workouts.

The New Jersey Association of Realtors stated that they will be working with Christie to draft new legislation that addresses his concerns.