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Broker Price Opinion Workshop
XCLUSIVE HOMES WELCOME Broker Price Opinion Workshop
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BPO Broker price Opinion A BPO (Broker Price Opinion) is a pricing tool utilized by the real estate industry to determine a probable selling price and time of a particular piece of real estate property and provides a varying level of detail about the property's conditions, market and neighborhood and information on comparable sales, but does not include an automated valuation model. A BPO is a market value and not an appraisal.
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Why Training and Certified
Broker Price Opinion Resource (BPOR) The BPOR certification provides REALTORS® with knowledge and skills to perform accurate and professional broker price opinions (BPOs) and comparative market analyses (CMAs), while reducing risk and increasing opportunities.
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Market Segments Field Asset Verification
Exterior “Drive By” Inspection BPO Interior “Full” Inspection BPO Investment Value
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Property Type & Style
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Property Condition Poor Fair Average Good Excelent
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Neighborhood & Market Conditions
Crime Rate Declining market Increasing Market Stable Market PREDOMINANT OCCUPANCY VACANCY RATE Neighborhood Value Trend
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Choosing the Right Comparables
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Determining the Value Bracketing Normal Market time
Economic conditions Location Functional Obsolescence View
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Photos
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The right Shot !
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TAKE ACTION
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REQUIRED DOCUMENTS E&O Insurance Resume Coverage Area References
Certification * Real Estate license and Broker license * Test may applicable*
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Platforms
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REVIEW Individual Compensation Photo compensation from the office
BPO Example presentation Q&A
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