Broker’s Price Opinion definition

Broker’s Price Opinion means the written opinion of the value of a tract or parcel of Single-family residential real property securing a Mortgage Loan, issued by a real estate broker duly licensed as such by the jurisdiction in which the subject property is located that is reasonably acceptable to the Administrative Agent and that is not an Affiliate of the Seller or a director, member, manager, officer or employee of the Seller or any of its Affiliates, selected reasonably and in good faith by the Seller.

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Broker’s Price Opinion means an oral or written report of

Broker’s Price Opinion means an oral or written report of property value that is prepared by a real estate broker or salesperson licensed under chapter 18.85 RCW.

Examples of Broker’s Price Opinion in a sentence

Market value will be established by a FIRREA-compliant appraisal completed by an appraiser licensed and in good standing under Chapter 475 of the Florida statutes at the time the appraisal is performed or by an interior/exterior Broker’s Price Opinion (BPO).
A real estate licensee’s Comparative Market Analysis (CMA) or Broker’s Price Opinion (BPO), etc., 47 while sometimes used to set an asking price or an offer price, is not an appraisal.
A real estate licensee’s Comparative Market Analysis (CMA) or Broker’s Price Opinion (BPO), etc., 44 while sometimes used to set an asking price or an offer price, is not an appraisal.
Foreclosure valuation source VARCHAR2(80) BPO= Broker’s Price Opinion Appraisal=Appraisal Name of vendor or management company that provided the foreclosure valuation amount.
Delinquency value source VARCHAR2(15) BPO= Broker’s Price Opinion Appraisal=Appraisal Name of vendor or management company that provided the delinquency valuation amount.

More Definitions of Broker’s Price Opinion

Broker’s Price Opinion means the completed opinion of the property. The BPO is determined by a basic exterior inspection of the property. The BPO includes a description of the property’s exterior condition, three comparable active listings, three comparable sold properties and an estimated property value based on both normal and 30-day marketing times.

Broker’s Price Opinion. The opinion of an independent real estate broker as to the expected sale price for specified Mortgaged Premises.

Broker’s Price Opinion means, with respect to a Mortgaged Property or REO Property, a broker's price opinion (a) prepared by a duly licensed real estate broker (i) who has no interest, direct or indirect, in the related Mortgaged Property or REO Property or in either Borrower or any Affiliate of either Borrower and (ii) whose compensation is not affected by the results of the broker's price opinion and (b) containing a valuation which indicates the expected proceeds for a sale of the related Mortgaged Property or REO Property and includes certain assumptions, including those as to the condition of the interior of the applicable Mortgaged Property or REO Property and marketing time.

Broker’s Price Opinion means, with respect to any REO Property, an opinion as to the current market value of the Property, as determined by an appraiser approved by Administrative Agent.

Broker’s Price Opinion means the written opinion of the value of a tract or parcel of real property improved by a one-, two-, three- or four-family residence securing a Mortgage Loan, issued by a real estate broker duly licensed as such by the jurisdiction in which the subject property is located that is reasonably acceptable to the Agent and that is not an Affiliate of the Seller or a director, member, manager, officer or employee of the Seller or any of its Affiliates, selected reasonably and in good faith by the Seller. “Current Appraisal” means an Appraisal dated no earlier than ninety (90) days (or such longer period, if any, as the Agent shall approve) before the relevant Determination Date. “Current Broker’s Price Opinion” means a Broker’s Price Opinion dated no earlier than ninety (90) days (or such longer period, if any, as the Agent shall approve) before the relevant Determination Date.

Broker’s Price Opinion means an oral or written report of property value that is prepared by a real estate broker or salesperson licensed under chapter 18.85 RCW for listing, sale, purchase, or rental purposes.

Broker’s Price Opinion means the written opinion of a local real estate broker selected reasonably and in good faith by the Company of the probable market sale price of the Mortgaged Premises securing the relevant Single-family Residential Mortgage Loan.