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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.
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 ...
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.
Download QR code; Print/export Download as PDF; Printable version; In other projects Wikidata item; Appearance. ... Broker's Price Opinion in real estate;
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.
The best way to protect yourself is to be careful about what info you offer up. Be careful: ChatGPT likes it when you get personal. 10 things not to say to AI
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