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Broker Price Opinion Workshop

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Presentation on theme: "Broker Price Opinion Workshop"— Presentation transcript:

1 Broker Price Opinion Workshop
XCLUSIVE HOMES WELCOME Broker Price Opinion Workshop

2 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.

3 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.

4 Market Segments Field Asset Verification
Exterior “Drive By” Inspection BPO Interior “Full” Inspection BPO Investment Value

5 Property Type & Style

6 Property Condition Poor Fair Average Good Excelent

7 Neighborhood & Market Conditions
Crime Rate Declining market Increasing Market Stable Market PREDOMINANT OCCUPANCY VACANCY RATE Neighborhood Value Trend

8 Choosing the Right Comparables

9 Determining the Value Bracketing Normal Market time
Economic conditions Location Functional Obsolescence View

10 Photos

11 The right Shot !

12 TAKE ACTION

13 REQUIRED DOCUMENTS E&O Insurance Resume Coverage Area References
Certification * Real Estate license and Broker license * Test may applicable*

14 Platforms

15 REVIEW Individual Compensation Photo compensation from the office
BPO Example presentation Q&A

16


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