WebDefinition: Broker Price Opinion (BPO) is a real estate valuation performed by a licensed real estate broker or agent. They are often faster and cheaper than an appraisal. However, the regulations that guide the … WebApr 5, 2024 · Does AIR apply to non-appraisal valuation methods (i.e., automated valuation models [AVMs], broker price opinions [BPOs], tax assessments, etc.)? ... What is the definition of a “correspondent” lender? A “correspondent” is a third-party entity that may originate and underwrite the mortgage. The correspondent closes the mortgage in its ...

Broker Price Opinion (BPO): What is it and How Does it Work

WebThe Certified Real Estate Brokerage Manager (CRB) is one of the most respected and relevant designations offered in real estate business management and is awarded to REALTORS® who have completed advanced educational and professional requirements. 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 ... tri-cities water store

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WebAug 7, 2024 · A broker price opinion is a report provided to a seller, buyer, or lender with the real estate agent’s view of the current market value. A BPO is very similar to a … WebJul 11, 2024 · Broker price opinions. Broker price opinions (BPOs) are considered to be a real estate brokerage activity. Sales associates may not collect any money in connection with a real estate brokerage transaction, whether as commission or other payment, except in the name of their employer—the broker. (Section 475.42(1)(d), Florida Statutes). So if ... 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 tricities website designer