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This broker price opinion provides a detailed assessment of the property at 1227 E Thackery Ave, West Covina, CA, including comps and market analysis from 2019.

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What is broker price opinion?

A broker price opinion (BPO) is a valuation tool used by real estate brokers to provide an estimate of the value of a property, typically for lenders, investors, or homeowners.

Who is required to file broker price opinion?

Generally, licensed real estate brokers are required to provide a broker price opinion when requested by clients, primarily lenders or financial institutions, for properties that may not require a formal appraisal.

How to fill out broker price opinion?

To fill out a broker price opinion, a broker must analyze current market conditions, comparable property sales, and property specifics, then compile this information in a structured format, typically including a summary of findings and an estimated value.

What is the purpose of broker price opinion?

The purpose of a broker price opinion is to provide a quick and cost-effective property valuation that can assist in decision-making processes regarding property sales, purchases, or financing.

What information must be reported on broker price opinion?

A broker price opinion typically reports information such as property details (size, condition, location), recent comparable sales, market trends, and the final estimated value of the property.

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