In most states, only a licensed appraiser is authorized to offer a professional opinion as to the value of a property. Often, though, a real estate broker will be asked to offer an opinion regarding the price to ask when marketing a property. This is a fine distinction, but perfectly legal,as long as labeled as such.

BPOs are frequently obtained by out-of-state lenders seeking to work out a sale of a distressed property. All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only.

This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. Broker price opinion financial definition of broker price opinion http: Dictionary, Encyclopedia and Thesaurus - The Free Dictionary 9,,, visitors served. A A A A Language: Register Log in Sign up with one click: Dictionary Thesaurus Medical Dictionary Legal Dictionary Financial Dictionary.

Tools A A A A Language: Free content Linking Lookup box. Broker Price Opinion An estimation of the value of a property by a real estate broker. A broker price opinion may take into account the quality of the property, values of surrounding properties and market conditions in the area. However, the estimation is not as detailed or as definitive as a full appraisal. A BPO may be done at the request of a bank when the owner of the property is attempting to refinance a loan or when it is attempting to find an alternative to foreclosure.

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Ray is also certified in The Broker Price Opinion Resource BPOR. Ray Gillenwater is Now an All Star Agent Network Member. A useful rule on appraisals.

Broker Price Opinion Definition | Redfin

According to the company, AVPOs are not appraisals, but rather expert opinions that provide a second level of review for broker price opinion users, without the need to build in-house review functions.

Her experience combined with the knowledge she gained from earning the Broker Price Opinion Resource designation has made her an authority on local property values.

Yung Preston Aligns her Talent with Berkshire Hathaway HomeServices California Properties. This transaction also broadens Stewart s bundle of mortgage services offerings to include a robust suite of collateral valuation products including appraisal, broker price opinion , and hybrid valuation products. Stewart Completes Acquisition of DataQuick Title and Collateral Valuation Business Lines. She says real estate agents are frequently involved; they either work with the "investor" to create a low-ball broker price opinion by concealing higher offers from the seller's lender and putting a low-ball price in the Multiple Listing Service MLS , or by marking the property in the MLS as being under contract when in reality it's only under an "option purchase contract," which gives the investor exclusive rights to buy the home for a year at a specific price.

They responded by comparing photos from appraisal reports or Broker Price Opinion BPO photos to satellite images through multiple steps. Interthinx Adds Street-Level Images to FraudGUARD.

Broker Price Opinion Resource (BPOR)

The company added that the deal also broadens Stewart's bundle of mortgage services offering to include collateral valuation products that include appraisal, broker price opinion and hybrid valuation products. Stewart announces two acquisitions extending its mortgage offerings. Along with the workflow management system, REO Pro Corp provides real estate agents an educational eBook package that includes information on: REO Pro Corp Provides a Suite of Tech Tools to Real Estate Agents.

Zaio s database allows for sophisticated data modeling and accuracy in preparing industry standard forms like the URAR as well as specialty products like the Z-VAL that provide mortgage lenders, brokers and borrowers with a more accurate and cost effective alternative to Broker Price Opinion reports.

Zaio expands product offering with Axis Appraisal Management. More from Financial Dictionary.

Broker Price Opinion (BPO)

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