This document provides tips for real estate agents on how to prepare broker price opinions (BPOs) that stand out. It notes that BPOs are estimates of probable sales prices prepared by realtors for banks. The report must comply with the ordering company's guidelines. It also states that in Illinois, realtors can perform comparative market analyses or BPOs for compensation without being a licensed appraiser. The document emphasizes focusing on local real estate details and guidelines for accurate room counts and property comparisons to provide the best BPO.

1. The Price is Right! –Tips to Make
Your BPO Stand Out
www.MarkiLemons.com

2. Focused on Real Estate!
Marki Lemons-Ryhal

3. BPOs
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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”.

5. Focused on Real Estate!

6. Real Estate Is A Local Business
Focused on Real Estate!
One street name in two separate locations

7. Apples to Apples
Focused on Real Estate!
New Construction Condo
Condo Conversion

8. www.mredllc.net
Focused on Real Estate!

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

10. Know More Than Anyone
Focused on Real Estate!

11. YouTube-Private Video for Loss Mitigation
Focused on Real Estate!

12. What does History Tell You?
Focused on Real Estate!

13. Focused on Real Estate!

16. www.chicagorealtor.com 8/22/2012
Focused on Real Estate!

17. Focused on Real Estate!
Thank you
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