Definition: A broker's price opinion is an estimate of a property's likely selling price prepared by a real estate broker or other appropriately authorized licensee.
Example
A broker reviews the property's condition and comparable sales to prepare a written pricing opinion for an owner.
Keep the distinction clear
A BPO is not automatically an appraisal. Do not imply appraisal credentials or use a BPO where an appraisal is required.
Related terms
Comparative Market Analysis (CMA) · Appraisal · Price
Keep studying
CMA vs. Appraisal: What Is the Difference?
References: Florida Statutes 475.612: appraisal and price-opinion distinctions
Pronunciation (US): BROH-kerz PRYS uh-PIN-yuhn (capitals show stress)
Pronunciation reference: Merriam-Webster
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