A broker’s price opinion provides an estimate of price to establish a listing price for a seller’s property. A broker’s price opinion is not an opinion of market value and is not subject to development standards although they are regulated by the Texas Real Estate Commission. A broker’s price opinion must include a disclaimer that it is not the same as an opinion of value in an appraisal under the Uniform Standards of Professional Appraisal Practice. A broker’s price opinion is often obtained by a lender in connection with a contemplated foreclosure but is insufficient for underwriting.