Sentences with phrase «broker opinion of value»
Working with the Investment Brokerage team, responsibilities include financial analysis of commercial real estate deals, selling of investment real estate including shopping centers, office buildings, industrial deals and apartments, writing broker opinions of values, creating sales offering memorandums, interacting with clients on various issues, calling upon buyers to sell properties once licensed, working with lawyers and others regarding closing sales.
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According to The Wall Street Journal, investors including Blackstone Group are increasingly turning to so - called broker price opinions, or BPOs, to value tens of billions of dollars» worth of homes.
End User acknowledges that the Consumer AVM reports provide estimates of the value of real property and other information related to value based upon the application of valuation models to available data and do not constitute appraisals or broker price opinions of subject properties and may not be relied upon as such.
If you own property, you need to show the amount of its value — either an online valuation, a broker's price opinion, or a full appraisal is acceptable.
After an appraisal, the lender will then order a broker price opinion — or BPO — which results in pricing based on a professional's opinion of fair market value.
Along with my broker price opinion, I included photos of the furnace and wall, and provided information on the school district and projected neighborhood values.
In such cases, brokers should protect themselves by getting a fair opinion of value and providing comparables to support the sale price.
Starting with a drive - by broker price opinion, you'll need to provide lenders with as comprehensive a picture of the properties» value as possible, since the lenders will probably never see them.
The Nebraska Real Estate Commission amended its regulations to require designated brokers to maintain the following records for five years: (1) records relating to all consummated real estate transactions; (2) all listing agreements (if the transaction was not consummated); (3) all agreements entered, but not consummated; (4) all broker's price opinions and market value analyses; and (5) records of all team members and team leaders.
The document will serve as the foundation for NAR's policy position on the various methods of valuing and pricing real property — including appraisals, broker price opinions (BPO), and automated valuation models (AVM).
Many claim that property brokers are seeing a marked increase in requests for brokers» opinions of value - and property - level research, services that generally precede a property owner's decision to market a property for sale.
According to the 2nd quarter 2010 survey, Georgia agents and brokers believe that Georgia home buyers are of the increasing opinion that homes are fairly valued in their state with 32 % believing that homes are fairly priced and 16 % believing that homes are 1 - 9 % over valued.
First, the Department noted that Section § 442 is not violated where the broker gives the purchaser something of value from third - party retailers if the broker is not paying for the item (see also Opinion Letter 90 - 19, broker providing discount coupons from local businesses).
The opinion goes on to provide that in the situation of buyer agency, the real estate broker representing the buyer may provide something of value to the buyer in negotiating the compensation to be paid to the buyer's broker even where the actual monies to be paid to the buyer's broker are paid to the broker by the seller who agrees with the buyer in the purchase and sale contract to pay the buyer's agent.