broker price opinion

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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. It also may be done to help a seller determine the best asking price for his/her property.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

broker price opinion (BPO)

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.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
Untal said they are pushing for exemption from the moratorium for some cities in Metro Manila that do not have BPO locators yet like Caloocan and San Juan. adds "BPO Service Market 2018 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting to 2023" reports to its database.
I think it depends on your co-workers, on the management, comparing it to a lot of other BPO's management, we're pretty lucky,' he added.
UP until 2017 when Peza accreditation in Metro Manila could be easily secured, the BPO industry highly influenced what type and where office buildings would be built.
Zajid Mangudadatu filed this bill which seeks to increase the night shift pay in BPO firms from the current 10 percent to 25 percent.
Santos said while some BPO companies are on a wait-and-see on the outcome of the government's move to push for the second package of the tax reform program, some are less concerned.
BPO, being the fastest growing segments of the Information Technology Enabled Services industry (ITES), is one of the major sources of livelihood for many in the region.
Once the pending data protection laws kick in, the BPO fortunes may begin to change for the better.
Managing director of Direct BPO, Ms Asnath Breseno said they were already working with Botswana Investment and Trade Centre to help grow Botswana as a destination choice for BPO.
The scheme, rolled out in 2015, aims to promote BPO operations in smaller towns, and provides special incentives of up to Rs 1lakh per seat in the form of viability gap funding.
Helixx BPO has been providing on-demand-based sourcing projects, supplier research and assisted procurement BPO services for direct, indirect and services categories to mid-size and large buying organizations and Private Equity firms based in Mexico, USA, Brazil, Venezuela, Argentina and Colombia since 2000.