Dec 28 , 2015

Tampa School of Real Estate

Broker’s Price Opinion (bpo)

Definition: A formal (written) opinion of value for a property determined by a broker.

Additional Information: Usually used for distressed properties such as short sales.

Pronunciation: ˈbrōkərs prīs əˈpinyən

Used in a Sentence: The lender would like a BPO of the property in question.