The document outlines the steps involved in conducting a Broker's Price Opinion (BPO), emphasizing its importance and relevance. It includes steps such as initial research, on-site inspections, data collection from comparable properties, analysis and adjustments, and report compilation. Each step involves specific tasks aimed at accurately valuing a property and presenting the findings clearly.

1. Introduction to BPOs:
Importance and Relevance
Who needs them and Why?

3. Steps in Conducting a BPO
1. Initial Research and Pre-Inspection:
Sub-point 1: Before visiting the property, gather basic information
such as property type, square footage, and year built from existing
databases.
Sub-point 2: Conduct a preliminary market analysis to understand
local real estate trends.
2. On-Site Inspection:
Sub-point 1: Visit the property to assess its condition, noting any
repairs or modifications that could affect the valuation.
Sub-point 2: Take quality photographs of the property from multiple
angles to offer a comprehensive visual representation.

4. 3. Data Collection from Comparable Properties:
Sub-point 1: Identify at least three comparable properties (“comps”) that have recently sold
and are similar in characteristics to the subject property.
Sub-point 2: Collect data on sale prices, time on market, and any special features that can
affect value, such as a swimming pool or solar panels.
4. Analysis and Adjustments:
Sub-point 1: Analyze the collected data to adjust the valuation of the subject property. This
could involve adjusting for differences in square footage, amenities, or other features.
Sub-point 2: Use standardized formulas or models to ensure that the adjustments are
consistent and justifiable.
5. Report Compilation:
Sub-point 1: Compile all gathered data and analyses into a coherent report. This should
include the methodology used, sources of information, and a clear conclusion on the
estimated price.
Sub-point 2: Make sure the report is easy to read and understand, using charts or graphs to
visualize key points where applicable.