Skip to content
Pass Georgia
Download
Complete glossary lessonNational exam concept

Broker price opinion (BPO)

A broker price opinion is a real estate broker's estimate of a property's probable selling price, often prepared for a lender, servicer, investor, or other client for a permitted purpose.

Official area

Valuation and Market Analysis

Knowledge cluster

Valuation services

Learning sequence

Define, distinguish, apply, retrieve

Download PDF

Exam purpose

Recognize the rule, then reject the nearest look-alike.

Georgia lens

Apply the state distinction only when the facts call for it.

Connected terms

Connected to 4 terms and one official content area.

What does Broker price opinion (BPO) mean in real estate?

A broker price opinion is a real estate broker's estimate of a property's probable selling price, often prepared for a lender, servicer, investor, or other client for a permitted purpose.

How is Broker price opinion (BPO) different from the closest exam answer?

A BPO is not an appraisal and must not be represented as one. A CMA is commonly used to advise a buyer or seller in a prospective listing or purchase.

What is the Georgia-specific rule?

A Georgia licensee must remain within license law, disclose the nature of the service, and avoid implying appraiser credentials the licensee does not hold.

Worked exam example

Scenario

A loan servicer asks a broker for a current probable selling price to help evaluate a possible short sale.

Decision rule

A BPO is not an appraisal and must not be represented as one. A CMA is commonly used to advise a buyer or seller in a prospective listing or purchase.

What is the most common exam trap?

Trap correction

The person paying for the report or the presence of a fee does not convert a BPO into an appraisal.

Memory cue: The person paying for the report or the presence of a fee does not convert a BPO into an appraisal.

Original exam check

Apply the definition

Which statement correctly explains Broker price opinion (BPO)?

Mastery tracker

Do not mark this term complete until you can retrieve it.

0%

Progress is stored only in this browser.

Related terms to learn next

Appraisal

An appraisal is an independent, supportable opinion of value developed by a qualified appraiser for a stated property interest, effective date, intended use, and set of assignment conditions.

Comparative market analysis (CMA)

A comparative market analysis is a broker's analysis of relevant market data and comparable properties to help a seller choose a listing strategy or a buyer evaluate an offer.

Automated valuation model (AVM)

An automated valuation model is a computer-based system that estimates property value by applying statistical or machine-learning methods to public records, property characteristics, and market data.

Short sale

A short sale is a sale in which the anticipated net proceeds are insufficient to pay the mortgage debt and related claims in full, so the secured creditor's approval is needed for a release on agreed terms.

Recommended next complete lesson

Continue with Valuation and Market Analysis complete lesson. It places this term inside the full rule, worked examples, exam traps, and mixed practice required for mastery.
Previous termComparative market analysis (CMA)Next term Automated valuation model (AVM)

Broker price opinion (BPO) quick answers

Facts checked against the current PSI Candidate Information Bulletin and GREC sources. Editorial standards.

What is Broker price opinion (BPO)?

A broker price opinion is a real estate broker's estimate of a property's probable selling price, often prepared for a lender, servicer, investor, or other client for a permitted purpose.

What is Broker price opinion (BPO) commonly confused with?

A BPO is not an appraisal and must not be represented as one. A CMA is commonly used to advise a buyer or seller in a prospective listing or purchase.

How does Georgia treat Broker price opinion (BPO)?

A Georgia licensee must remain within license law, disclose the nature of the service, and avoid implying appraiser credentials the licensee does not hold.