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This Broker Price Opinion provides a detailed assessment of the property at 6014 East Hillcrest Circle, Anaheim, CA, evaluating current market trends and comparable sales.
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What is broker price opinion?
A broker price opinion (BPO) is an estimate of the value of a property, often provided by a licensed real estate broker or agent, based on their knowledge of the market and the condition of the property.
Who is required to file broker price opinion?
Real estate brokers and agents who provide BPOs as part of their services, particularly for lenders or property management companies, are typically required to file a broker price opinion.
How to fill out broker price opinion?
To fill out a broker price opinion, one should gather property details, analyze comparable sales, assess the property condition, and provide an estimated value along with supporting data and reasoning.
What is the purpose of broker price opinion?
The purpose of a broker price opinion is to provide a quick and affordable estimate of a property's value for use in various real estate transactions, such as sales or foreclosures.
What information must be reported on broker price opinion?
A broker price opinion must report details such as property address, description, market analysis, comparable properties, and the estimated value with justification for the assessment.
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