Broker Price Opinion definition

Broker Price Opinion means an estimate or analysis of the

Broker Price Opinion means a broker price opinion obtained by Lender.

Broker Price Opinion or “BPO” means an analysis, opinion, or conclusion prepared by a person licensed under R.I. Gen. Laws Chapter 5-20.5 in the ordinary course of his or her business relating to the price of specified interests in or aspects of identified real estate or identified real property for the purpose of listing, purchase, or sale.

Examples of Broker Price Opinion in a sentence

• Consolidated Analytics has independent access to the Desktop Reviews ordered by the Aggregator.If a loan with an AVM or Desktop Review fell outside of a -10% tolerance, was inconclusive, or a PIW was present, then a Field Review, a Broker Price Opinion (BPO) along with a Reconciliation of the values or a 2nd Appraisal was completed.

• GRC has reviewed the Data Tape and, based on a review of the Broker Price Opinion for each Property, GRC has verified that the values presented on the Data Tape are correct.

• RREM has reviewed the Data Tape and, based on a review of the Broker Price Opinion for each Property obtained by RREM, RREM has determined that the values presented on the Data Tape match those on the Broker Price Opinion for such Property.

• A real estate broker or salesperson in the ordinary course of business may give an opinion as to the sales price of real estate for the purpose of a prospective listing or sale; however, this opinion as to the listing price or the sale price shall not be referred to as an appraisal and must be completed in compliance with Section 73-35-4 of the Real Estate Broker’s License Act and must conform to the Standards established by the National Association of Broker Price Opinion Professionals (NABPOP).

• Consolidated Analytics has independent access to the Desktop Reviews ordered by the Aggregator.If a loan with a Desktop Review fell outside of a -10% tolerance, was inconclusive, or a PIW was present, then a Field Review, a Broker Price Opinion (BPO) along with a Reconciliation of the values or a 2nd Appraisal was completed.Zero loans had a Field Review.

More Definitions of Broker Price Opinion

Broker Price Opinion means, with respect to a Mortgage Loan or an REO Property, a broker’s price opinion prepared by a duly licensed real estate broker who has no interest, direct or indirect, in the Mortgage Loan or REO Property or in the Borrowers or any Affiliate of the Borrowers and whose compensation is not affected by the results of the broker’s price opinion, and which valuation (i) indicates the expected proceeds for a sale of the related Mortgaged Property or REO Property and, (ii) with respect to any condominium development or planned unit development that was not Federal National Mortgage Association or Federal Home Loan Mortgage Corporation approved, the amount, if any, by which the valuation was decreased as a result of such lack of approval, and (iii) includes certain assumptions, including those as to the condition of the exterior and interior of the applicable Mortgaged Property or REO property and carrying costs and expenses during marketing time.

Broker Price Opinion means a written price opinion of the esti- mated price for identified real property prepared or rendered by an actively licensed broker or associate broker, for a purpose other than a prospective listing or sale, and that complies or purports to comply with the require- ments and content provision of section 54-4105, Idaho Code.

Broker Price Opinion means (i) with respect to any Property as to which the Allocated Loan Amount exceeds $250,000, either, as determined by the Administrative Agent in its sole discretion, (x) a broker price opinion obtained by the Administrative Agent from the Diligence Agent or (y) an appraisal obtained by the Administrative Agent from the Diligence Agent that at a minimum conforms to generally accepted appraisal standards as set forth in the Uniform Standards of Professional Appraisal Practice promulgated by the Appraisal Standards Board of the Appraisal Foundation and (ii) with respect to any other Property, a broker price opinion obtained by the Administrative Agent from the Diligence Agent. Broker Price Opinions shall include such information (including, but not limited to, opinion of value) and comply with such guidelines (including under applicable law) as shall be reasonably acceptable to the Administrative Agent.

Broker Price Opinion means an estimate or analysis of the probable selling price of a particular interest in real estate, which may provide a varying level of detail about the property's condition, market, and neighborhood and information on comparable sales. The activities of a real estate broker or managing broker engaging in the ordinary course of business as a broker, as defined in this Section, shall not be considered a broker price opinion if no compensation is paid to the broker or managing broker, other than compensation based upon the sale or rental of real estate.

Broker Price Opinion means with respect to (i) any SFR Property (other than any Property located in an Approved Single Plat Development), either, as determined by the Administrative Agent in its sole discretion (or upon the written request to the Borrower Representative and Administrative Agent by any Lender if clause (y) below is required under applicable law with respect to such Lender in its good faith determination), (x) a broker price opinion obtained by the Administrative Agent from the Diligence Agent or (y) an Appraisal, and (ii) any Property located in an Approved Single Plat Development or Multi-Family Property, an Appraisal for the entire applicable Permitted Single Plat Development (which Appraisal shall constitute the Broker Price Opinion for all Properties located on such Approved Single Plat Development) or the entire Multi-Family Property, in each case, based solely on the residential units of such Property (unless the non-residential portions of such Property shall reduce such valuation, in which case such valuation shall be calculated net of such reductions). Broker Price Opinions shall include such information and comply with such guidelines (including under applicable law) as shall be reasonably acceptable to the Administrative Agent.

Broker Price Opinion means a written report, received from a licensed real estate agent or other home valuation expert, in either case, acceptable to Buyer in its commercially reasonable discretion, providing such agent’s or expert’s opinion of the value of a Mortgaged Property.

Broker Price Opinion means a written price opinion of the esti-