September 1

Broker Price Opinion


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Broker Price Opinion

A written estimate of the most probable sales price of a property provided by a licensed real estate broker with experience in the specific locality of the subject property. Value of the subject property is estimated by comparing like properties that recently sold and adjusting for differences. Often provided as a means to establish a listing price for a property. The lender will order either a BPO or appraisal to determine their as is value.

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