WebA broker price opinion (BPO) is an estimate of a property's value created by a real estate agent or broker based on comparisons with similar properties on the market. WebApr 22, 2024 · The Broker Price Opinion. When a real estate broker offers an opinion regarding a property's value based on its qualitative characteristics, that estimate is referred to as a broker price opinion. The BPO represents the broker's opinion, rather than an official appraised value of a property. Consequently, no inference should be made as to a ...
What Is Broker Price Opinion (BPO)? - Investopedia
WebIn general, the term Broker’s Price Opinion (BPO) is a valuation which a Real Estate Broker (or an Agent acting on behalf of their employing broker) uses to estimate the probable selling price of a residential Real Estate property/house. The estimate of price is submitted to customers in a BPO report (2-3 pages) which includes pictures of the ... WebMar 28, 2024 · Broker price opinion —An estimate prepared by a broker, associate broker or salesperson that details the probable selling price of a particular parcel of real property and provides a varying level of detail about the property's condition, market and neighborhood, and information on comparable sales, but does not include an automated … simple party wear dress
Broker Price Opinions – Texas REALTORS®
WebA broker price opinion (BPOz0, is a real estate professional’s opinion of a property’s value. It's mainly used in setting a listing price. Skip to Main Content WebFeb 17, 2024 · A broker price opinion, or BPO, is a report that can be prepared by a broker, appraiser, or agent to determine the approximate market value of a commercial or multifamily property. This report is also commonly known as a broker opinion of value, or BOV. Unlike an appraisal, a BPO or BOV cannot be used to get a multifamily loan or for … A broker price opinion (BPO) is the estimated value of a property as determined by a real estate broker or other qualified individual or firm. A broker price opinion is based on the characteristics of the property being … See more simple party wear dress for ladies