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Name: Fillable Online Broker Price Opinion for 3008 Petaluma Ave, Long Beach, Ca 2022 Fax Email Print - pdfFiller
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This Broker Price Opinion estimates the value of 3008 Petaluma Ave, Long Beach, CA, based on recent sales data and market trends for 2022, highlighting key property features.

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What is broker price opinion?

A broker price opinion (BPO) is an estimate of the value of a property performed by a licensed real estate broker. It is often used in situations where a formal appraisal is not necessary.

Who is required to file broker price opinion?

Real estate brokers and agents are typically the ones who provide and file broker price opinions as part of their services to clients, especially in the context of real estate transactions, foreclosures, or short sales.

How to fill out broker price opinion?

To fill out a broker price opinion, a broker must gather information about the property, including its condition, location, comparable sales, and market conditions, and then use this data to estimate the property's value in a structured format.

What is the purpose of broker price opinion?

The purpose of a broker price opinion is to provide an estimate of a property's market value to assist lenders, buyers, sellers, or other parties in making informed decisions regarding real estate transactions.

What information must be reported on broker price opinion?

A broker price opinion should include the property address, details of the property, comparable sales data, an analysis of the local market, and the broker's recommended price or valuation for the property.

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