agency

broker price opinion

A broker price opinion (BPO) is an estimate of a property's probable selling price prepared by a real estate broker or agent, often for a lender, investor, or loss mitigation department. It typically relies on recent comparable sales and active listings and may involve an exterior-only or interior inspection. A BPO is not an appraisal and generally cannot be used as the primary basis for a federally related mortgage loan. Rules on BPOs vary by state.