Broker Price Opinion - BPO
- Broker Price Opinion - BPO
- The estimated value of a property as determined by a real estate broker or other qualified individual or firm. A broker price opinion is based on the characteristics of the property being considered.
Some of the factors that a broker will consider when pricing a property include: the value of similar surrounding properties, sales trends in the neighborhood, an estimate of any of the costs associated with getting the property ready for sale and/or the cost of any needed repairs. It is important to note that a BPO is not the same as an appraisal.
Investment dictionary.
Academic.
2012.
Look at other dictionaries:
BPO — is an abbreviation that can refer to: * Broker Price Opinion, an estimate of the value of real property based on recent sales research by a real estate broker or real estate agent, typically ordered by a bank, lender, or investor to determine the … Wikipedia
BPO — Business Process Outsourcing (Business » General) * Business Processing Outsourcing (Academic & Science » Chemistry) * Broker Price Opinion (Business » Stock Exchange) * Brookfield Properties Corporation (Business » NYSE Symbols) * Broker s Price … Abbreviations dictionary
BPO — abbr. Broker Price Opinion … Dictionary of abbreviations
