3. BPOs
3
Focused on Real Estate!
BPOs
Are generally prepared for banks
Is and estimate of probable sales price
Prepared by REALTORS®
Report must comply with ordering
company guidelines
No undue influences imposed by ordering
company or agents
BPOs: The Agent's Role in the Valuation
4. Focused on Real Estate!
“In 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 appraiser”.
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