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RESIDENTIAL BROKER PRICE OPINION REO #: PROPERTY ADDRESS: This BPO is the Initial 2nd Opinion Updated Exterior Only DATE SALES REPRESENTATIVE: CLIENT NAME: FIRM NAME: PHONE NO. COMPLETED BY: FAX NO.

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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 broker price opinion (BPO) is the estimated value of a property as determined by a real estate broker or other qualified individual or firm.

Broker's Opinion of Value Examples include determining a listing price for selling a home, establishing the value of a home for an estate or other legal matters, and determining the current value of a home for insurance purposes.

A broker price opinion (BPO) is a real estate professional's dollar estimate of a property's worth. It is an opinion, but one often backed up by the selling prices of comparable homes in comparable neighborhoods.

The letter should include the following information: • The address of the property • The date of the opinion • The legal description of the property • The property type • An explanation of the market conditions • An estimate of the property's current market value • An explanation of the methodology used to arrive at ...

In addition to a CMA, an Agent may also provide you with an Opinion of Value. This is a written letter that provides a summary of the agent's research along with their opinion of the market value of your home.

Completing A BPO is really set up into 9 steps 1 – BPO Site Inspection. ... 2 – BPO General Market Conditions. ... 3 – Subject Property Details / Status For Completing the BPO. ... 4 – Sold Comps For The Broker Price Opinion. ... 5 – Active Comps For The BPO. ... 6 – Valuation. ... 7 – Upload Pictures For The BPO.

7 Steps to Creating a BPO in Commercial Real Estate 1) Choosing the right form. ... 2) Deciding on the age/style of the CRE property. ... 3) Take pictures. ... 4) Take measurements. ... 5) Note any repairs or maintenance required. ... 6) Conduct property and market comparison. ... 7) Finish the BPO forms.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232