3. BPOs
3
Focused on Real Estate!
BPOs
ï§ Are generally prepared for banks
ï§ Is and estimate of probable sales price
ï§ Prepared by REALTORSÂź
ï§ Report must comply with ordering
company guidelines
ï§ No undue influences imposed by ordering
company or agents
BPOs: The Agent's Role in the Valuation
4. Focused on Real Estate!
âIn Illinois, nothing in the Act shall prohibit a
person who holds a valid license under the Real
Estate License Act of 2000 from performing a
comparative market analysis or broker price
opinion for compensation, provided that the
person does not hold himself out as being a
licensed real estate appraiserâ.
9. Room Count Guidelines
Focused on Real Estate!
A room does not have to have a minimum
square foot qualification
A room without a closet is countable as a
bedroom