A B.P.O. or broker price opinion is an opinion of value for a bank or servicing company that is completed by a real estate broker.  These are often done when a bank needs a quick assessment of value to:

• Extend or reduce a credit line.
• Negotiating a short sale.
• Pre-foreclosure valuation.
• Update a lenders portfolio.

The broker completing these assessment are typically paid a flat fee by the institution ordering the opinion.  It is worth noting that Idaho State Law dictates that onlya  licensed broker can complete these and not sales associates.