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A broker price opinion, or BPO, is an estimate of a property’s value conducted by a real estate broker, agent or qualified realty firm.
A broker's price opinion (BPO) is a report that is performed by a licensed real estate agent, broker. or appraiser. A BPO is an informal appraisal. It is similar to doing a CMA (Comparative Market Analysis) but most times the real estate professional gets paid to do a BPO. A BPO can be either an exterior drive-by or a full interior report.
These standards and guidelines were created in 2008 by a group of competitors in the real estate industry to bring a commonly accepted set of standards and guidelines. [2] A broker's price opinion is a procedure that develops a two or three-page report containing the estimated value of the property after a real estate agent or broker, following the broker's price opinion standards and ...
If the broker is a member of the National Association of Realtors, the agreement must include all of the following terms: A beginning date and a termination date. The list price at which the property will be offered for sale. The amount of compensation offered to the broker, whether it is in the form of a flat fee or percentage of the sales price.
A hard money lender determines the value of the property through a BPO (broker price opinion) or an independent appraisal done by a licensed appraiser in the state in which the property is located. [8] The interest rates on hard money loans are typically higher than the rates charged for traditional business loans.
Police in Utah are investigating the deaths of five people from the same family who were found dead inside their home. The West Valley City Police Department shared on X (formerly known as Twitter ...