This excerpt taken from the PCG 10-K filed Feb 24, 2009.
closed. You may find the assistance of your REALTOR helpful in obtaining such information. Please give this information directly to each appraiser (with a copy to your Consultant) when he/she visits your home.
How the Offer is Calculated
Upon receipt of the written appraisals, they will be reviewed for any discrepancies. Following this review, the Appraised Value Offer will be established by averaging the two appraisals. If the difference between the two appraisals exceeds 5 percent, a third appraisal will be requested. The Appraised Value Offer will equal the average of the two closest appraisals.
BROKERS' PRICE OPINION
Although not part of the formal appraisal process, two Brokers' Market Analysis will be ordered. The information in these opinions will provide additional information to you and to the home purchase firm. Included will be marketing strategies and recommendations on how to make your property more competitive.
The Brokers asked to provide this information may also be responsible for ordering any professional inspections regarding the physical condition of your home (pool, roof, septic, etc.).
The Brokers' Price Analysis are not used to compute the Appraised Value Offer.
AMENDED VALUE PROGRAM