Broker Price Opinions (BPO) in Florida
A BPO is a market-based property valuation prepared by a Florida licensed broker, available in exterior (drive-by) and interior formats for different lender decision-making needs.
Preparation Process
Florida brokers research comparable sales and active listings, inspect the property (exterior or interior), photograph the subject and neighborhood, analyze market trends, and adjust comparable values to estimate the probable selling price. The completed BPO report includes data, photos, adjustments, and the broker's professional conclusion.
Regulatory Framework
BPOs must be prepared by Florida-licensed real estate professionals without conflicts of interest. The Dodd-Frank Act restricts BPO use for mortgage origination. BPO providers must base opinions on market data rather than lender expectations. These regulations ensure BPO integrity for the lending decisions they inform.
Related Terms
Barnes Walker Real Estate
Barnes Walker advises on Florida property valuation matters. Contact us for guidance.
Reviewed by the attorneys at Barnes Walker, Goethe, Shea & Robinson, PLLC