Hypothetical If you are asked to determine what the market outlook is for a portfolio of 20 new unsold houses and 10 vacant lots as a consultation and the client has a list of properties which have A - been listed and on the market for over one year; and B - has a more recent CMA/BPO for each property performed by a new listing Realtor, will you have to comply with Std 1 and 2? And the client is in a cash flow crunch and doesn't want to pay for you to appraise the properties per se. In other words, the client has a pretty good handle on the retail price of each and wants you to tell them A - how LONG will the properties take to tell (be absorbed) in the market, and B - Vet how 'salable' each property is and why. (Location, competition, etc.) Since you have a valuation (CMA) from a third party, would you comply with Std 1, 2 or simply 'do' the 4,5 thing?