FAQ
A real estate professional’s opinion of a property’s value is commonly known as a BPO or Broker Price Opinion.
NO. A BPO is not a formal appraisal and is not to be used in place of a formal appraisal.
Yes. A BPO is an opinion of value from the real estate professional and can vary from an appraiser’s value or another real estate professional’s opinion of value.
A BPO is useful when analyzing the value of a property to make an offer or in determining a list price for sale.