{"id":436841,"date":"2026-05-21T06:00:19","date_gmt":"2026-05-21T10:00:19","guid":{"rendered":"https:\/\/www.houzeo.com\/blog\/?p=436841"},"modified":"2026-05-21T06:00:25","modified_gmt":"2026-05-21T10:00:25","slug":"broker-price-opinion","status":"publish","type":"post","link":"https:\/\/www.houzeo.com\/blog\/broker-price-opinion\/","title":{"rendered":"Broker Price Opinion: What Is It and How to Get One"},"content":{"rendered":"\n<figure class=\"wp-block-pullquote\"><blockquote><p class=\"highlight\"><strong>\u270f\ufe0f<\/strong> <strong>Editor&#8217;s Note: <\/strong>Realtor Associations, agents, and MLS&#8217; have started implementing changes related to the NAR&#8217;s $418 million settlement. While home-sellers will likely save thousands in commission, compliance and litigation risks have significantly increased for sellers throughout the nation. <strong><a   href=\"https:\/\/www.houzeo.com\/blog\/nar-settlement\/\" target=\"_blank\" rel=\"noreferrer noopener\">Learn how NAR&#8217;s settlement affects home sellers<\/a>.<\/strong><\/p><\/blockquote><\/figure>\n\n\n\n<p class=\"margin-top-28\">Over 30% of sellers find it difficult to price their properties. 1\/3rd of sellers overprice their homes and lose out on prospective buyers. This shows how important it is to get the asking price right.<\/p>\n\n\n\n<p>While a home appraisal or a CMA can tell your house\u2019s worth, they can take time. In fact, home appraisals can take weeks and cost over <a   href=\"https:\/\/www.houzeo.com\/blog\/home-appraisal-cost\/\" target=\"_blank\" rel=\"noreferrer noopener\">$500<\/a>. In such a scenario, a Broker Price Opinion (BPO) may be a better option. It is <a   href=\"https:\/\/nabpop.org\/\" target=\"_blank\" rel=\"noreferrer noopener\">50% to 75%<\/a> less than the cost of an appraisal.<\/p>\n\n\n\n<p>If you need an expert to price your home, <a   href=\"https:\/\/www.houzeo.com\/pricing\" target=\"_blank\" rel=\"noreferrer noopener\">Houzeo<\/a> has you covered. With Houzeo Platinum, you get pricing assistance from a licensed broker, contract-to-close consulting, and more.<\/p>\n\n\n\t<div style=\"display: block ;\" class=\"home-page-quick-listing-wrapper  content-ql-new-ui \" main-title=\"List on America&#039;s #1 FSBO Site\" list-title=\"List FSBO on Local MLS\" list-item-1=\"Save thousands in commissions\" list-item-2=\"100% online platform\" list-item-3=\"5-star customer service\" ql-button=\"\" minimize=\"\" sidebar=\"\" contact-title=\"\" contact-content=\"\" siteurl_qlb=\"https:\/\/www.houzeo.com\" cash-ql=\"false\"><\/div>\n\t<script>\t\t\n\n\t\tdocument.addEventListener(\"DOMContentLoaded\", function () {\n\t\t\tconst isMobile = window.screen.width <= 768;\n\n\t\t\t\/\/ Global flags to prevent multiple loads\n\t\t\twindow.quickListingCssLoaded = window.quickListingCssLoaded || false;\n\t\t\twindow.quickListingJsLoaded = window.quickListingJsLoaded || false;\n\n\t\t\tconst cssURL = 'https:\/\/www.houzeo.com\/css\/quick-listing-block-v3.css?v=9.8';\n\t\t\tconst jsURL  = 'https:\/\/www.houzeo.com\/js\/quick-listing-block-v3.js?v=9.8';\n\n\t\t\t\/\/ \u2705 Load CSS immediately on mobile only\n\t\t\tif (isMobile && !window.quickListingCssLoaded) {\n\t\t\t\twindow.quickListingCssLoaded = true;\n\t\t\t\tloadCSS(cssURL);\n\t\t\t}\n\n\t\t\t\/\/ \u2705 Define JS loader (and CSS for desktop)\n\t\t\twindow.quickListingJsLoadfn = function () {\n\t\t\t\tif (!window.quickListingJsLoaded) {\n\t\t\t\t\twindow.quickListingJsLoaded = true;\n\n\t\t\t\t\t\/\/ On desktop: load CSS here (lazy), since it wasn't loaded initially\n\t\t\t\t\tif (!isMobile && !window.quickListingCssLoaded) {\n\t\t\t\t\t\twindow.quickListingCssLoaded = true;\n\t\t\t\t\t\tloadCSS(cssURL);\n\t\t\t\t\t}\n\n\t\t\t\t\tloadScript(jsURL);\n\n\t\t\t\t\t\/\/ Remove listener after load\n\t\t\t\t\tdocument.removeEventListener(isMobile ? 'touchstart' : 'mousemove', window.quickListingJsLoadfn);\n\t\t\t\t}\n\t\t\t};\n\n\t\t\t\/\/ \u2705 Add the correct event listener\n\t\t\tconst quickListingEvents = isMobile ? ['touchstart'] : ['mousemove', 'scroll'];\n\n\t\t\tquickListingEvents.forEach((eventName) => {\n\t\t\t\tdocument.addEventListener(eventName, window.quickListingJsLoadfn, {\n\t\t\t\t\tpassive: true,\n\t\t\t\t\tonce: true,\n\t\t\t\t});\n\t\t\t});\n\t\t\t\n\n\t\t\t\/\/ \u2705 Helpers\n\t\t\tfunction loadCSS(href) {\n\t\t\t\tconst link = document.createElement('link');\n\t\t\t\tlink.rel = 'stylesheet';\n\t\t\t\tlink.href = href;\n\t\t\t\tdocument.head.appendChild(link);\n\t\t\t}\n\n\t\t\tfunction loadScript(src) {\n\t\t\t\tconst script = document.createElement('script');\n\t\t\t\tscript.src = src;\n\t\t\t\tscript.async = true;\n\t\t\t\tdocument.head.appendChild(script);\n\t\t\t}\n\t\t});\n\t<\/script>\n\t\n\n\n\n<h2 class=\"wp-block-heading margin-top-28\" id=\"What-Is-a-BPO-in-Real-Estate?\"><strong>What Is a BPO in Real Estate?<\/strong><\/h2>\n\n\n\n<p>A Broker Price Opinion is a house&#8217;s estimated value determined by a certified real estate broker. The agent usually calculates the BPO based on the home&#8217;s characteristics and the recent sales figures of <a   href=\"https:\/\/www.houzeo.com\/blog\/real-estate-comps\/\" target=\"_blank\" rel=\"noreferrer noopener\">comparable properties<\/a>.<\/p>\n\n\n\n<p>However, a BPO isn&#8217;t as comprehensive as a <a   href=\"https:\/\/www.houzeo.com\/blog\/home-appraisal-process\/\" target=\"_blank\" rel=\"noreferrer noopener\">home appraisal<\/a>. It is a broker&#8217;s opinion of your house&#8217;s worth. So, a BPO can&#8217;t be considered an official representation of your house&#8217;s appraised value.<\/p>\n\n\n\n<h2 class=\"wp-block-heading margin-top-28\" id=\"How-Do-Broker-Price-Opinions-Work?\"><strong>How Do Broker Price Opinions Work?<\/strong><\/h2>\n\n\n\n<p>Sellers often request a broker\u2019s opinion when they plan to sell their house or refinance their mortgage. Additionally, lenders or mortgage companies also hire brokers to provide a BPO for loan approvals, <a   href=\"https:\/\/www.houzeo.com\/blog\/what-is-a-short-sale\/\" target=\"_blank\" rel=\"noreferrer noopener\">short sales<\/a>, and foreclosures.<\/p>\n\n\n\n<p>When contacted, the broker inspects the house. They also analyze the MLS database and consider factors like:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Property\u2019s size<\/li>\n\n\n\n<li>House\u2019s age<\/li>\n\n\n\n<li>Condition<\/li>\n\n\n\n<li><a   href=\"https:\/\/www.houzeo.com\/blog\/how-long-does-it-take-to-sell-a-house\/\" target=\"_blank\" rel=\"noreferrer noopener\">Days on market<\/a><\/li>\n\n\n\n<li>Amenities<\/li>\n<\/ul>\n\n\n\n<p class=\"margin-top-15\">Based on these factors, brokers provide the BPO in the form of a report. This report generally spans 2-3 pages and contains all the parameters considered to <a   href=\"https:\/\/www.houzeo.com\/blog\/how-to-price-your-home-for-sale\/\" target=\"_blank\" rel=\"noreferrer noopener\">calculate the house&#8217;s value<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading margin-top-28\" id=\"Different-Types-of-Broker-Price-Opinions\"><strong>Different Types of Broker Price Opinions<\/strong><\/h2>\n\n\n\n<p>There are two types of BPO in real estate:<\/p>\n\n\n\n<h3 class=\"wp-block-heading margin-top-15\"><strong>1. External BPO<\/strong><\/h3>\n\n\n\n<p>Also referred to as drive-by BPO, brokers conduct external BPO when they can&#8217;t access the property. They inspect the house from the outside and assess its value based on data available in public records.<\/p>\n\n\n\n<p>Although external BPOs are less comprehensive and, thus, less accurate, they are still the most common type of BPO.<\/p>\n\n\n\n<h3 class=\"wp-block-heading margin-top-15\"><strong>2. Internal BPO<\/strong><\/h3>\n\n\n\n<p>For internal BPOs, brokers evaluate homes based on interior conditions. They consider factors like the number of bedrooms, square footage, home improvements, damages, and more. <\/p>\n\n\n\n<p>They combine their home assessment with local market research to arrive at their price opinion.<\/p>\n\n\n\n<h2 class=\"wp-block-heading margin-top-28\" id=\"BPO-vs-Appraisal:-Which-Is-the-Better-Choice?\"><strong>BPO vs. Appraisal: Which Is the Better Choice?<\/strong><\/h2>\n\n\n\n<p>While BPOs are a quicker alternative to appraisals, they are not guided by any law. So, which method is better to assess your house\u2019s value? Let\u2019s explore the differences between BPO and appraisals for answers.<\/p>\n\n\n\n<h3 class=\"wp-block-heading margin-top-15\"><strong>1. Accuracy of Assessment<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>BPO:<\/strong> A BPO is a high-level report of what the broker thinks is the house\u2019s value. Instead of a complete <a   href=\"https:\/\/www.houzeo.com\/blog\/home-inspections\/\" target=\"_blank\" rel=\"noreferrer noopener\">home inspection<\/a>, a broker can provide a price opinion solely based on external inspection and public records.<\/li>\n\n\n\n<li><strong>Appraisal: <\/strong>Appraisals require comprehensive internal and external inspections. Also, an appraiser is a trained expert and conducts a full-fledged <a   href=\"https:\/\/www.houzeo.com\/blog\/how-long-does-a-home-appraisal-take\/\" target=\"_blank\" rel=\"noreferrer noopener\">real estate market analysis<\/a> to derive a dollar value. So, appraisals are more accurate.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading margin-top-15\"><strong>2. Cost and Speed<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>BPO: <\/strong>Brokers often do a drive-by inspection of the house. So, they can provide you with a BPO in just around <a   href=\"https:\/\/nabpop.org\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">3 days<\/a> at less than half the cost of an appraisal. Realtors may even provide a free BPO if you list the property with them.<\/li>\n\n\n\n<li><strong>Appraisal: <\/strong>Because of the thorough house assessment process, an appraiser may take around 2 weeks to hand you an appraisal. At the same time, it can cost you around <a   href=\"https:\/\/static.homeguide.com\/assets\/images\/content\/homeguide-home-appraisal-cost-by-type-chart.jpg\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">$350 to $600<\/a>.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading margin-top-15\"><strong>3. Legal Compliance<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>BPO:<\/strong> There&#8217;s no official body to govern BPO standards. So, they have limited use cases. In fact, 14 American states have limited BPOs to provide interested parties with an idea of the sale price.<\/li>\n\n\n\n<li><strong>Appraisals: <\/strong>Appraisals comply with the <a   href=\"https:\/\/www.appraisalfoundation.org\/imis\/TAF\/Standards\/Appraisal_Standards\/Uniform_Standards_of_Professional_Appraisal_Practice\/TAF\/USPAP.aspx#:~:text=USPAP%20was%20adopted%20by%20Congress,federally%2Drelated%20real%20estate%20transactions.\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Uniform Standards of Professional Appraisal Practice (USPAP)<\/a> and state law. So they are universally accepted. Appraisals are also mandatory when you apply for a mortgage.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading margin-top-15\"><strong>4. Profit Motive<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>BPO: <\/strong>With their price opinion, brokers also hope to bag the <a   href=\"https:\/\/www.houzeo.com\/blog\/listing-agreement\/\" target=\"_blank\" rel=\"noreferrer noopener\">listing agreement<\/a> from the owner. And as you know, their commission is around 2% to 3% of the sales price. So, to get a bigger cut, brokers may inflate the house&#8217;s value.<\/li>\n\n\n\n<li>Appraisal: In contrast, the law requires an appraiser to remain unbiased and show no interest in the property. They are paid to evaluate houses, and their role ends with the completion of the appraisal process.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading margin-top-28\" id=\"How-to-Get-a-Broker-Price-Opinion?\"><strong>How to Get a Broker Price Opinion?<\/strong><\/h2>\n\n\n\n<p>You can contact your local Realtor to get a BPO. You can also find certified brokers who provide BPOs using the <a   href=\"https:\/\/nabpop-member.com\/members\/SearchDirectories.php\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">National Association of BPO Professionals directory<\/a>.<\/p>\n\n\n\n<p>Many national real estate companies, like Clear Capital, Equator, and Residential Real Estate Review, also issue BPOs.<\/p>\n\n\n\n<h2 class=\"wp-block-heading margin-top-28\" id=\"When-Should-You-Get-a-BPO?\"><strong>When Should You Get a BPO?<\/strong><\/h2>\n\n\n\n<p>A BPO is perfect when you are listing your <a   href=\"https:\/\/www.houzeo.com\/homes-for-sale\" target=\"_blank\" rel=\"noreferrer noopener\">house for sale<\/a>. You can get your Realtor to provide a price opinion based on which you can decide your property\u2019s sale price.<\/p>\n\n\n\n<p>It also makes more sense in distressed properties and short sale or foreclosure cases. Since sellers want to sell their properties for quick cash, BPO allows them to close deals faster.<\/p>\n\n\n\n<p>If you need help listing your house or setting its price, turn to Houzeo. For a flat fee of $399, you can get an MLS listing in less than 48 hours. What\u2019s more, you can easily manage offers and make counter offers.<\/p>\n\n\n\t<div  class=\"hfsWidget \" data-widget-title=\"List Your House for a Flat Fee Now\" data-widget-list-item1=\"Save thousands in commissions\" data-widget-list-item2=\"100% online platform\" data-widget-list-item3=\"5-star customer service\" data-widget-type=\"seller2\" data-widget-vendor-type=\"inspector\" data-widget-state=\"us\" data-widget-city=\"\" data-widget-redirect-url=\"https:\/\/www.houzeo.com\/pros\" data-widget-redirect-text=\"View More Properties in the US\" data-widget-button-url=\"https:\/\/www.houzeo.com\" data-widget-button-text=\"\" data-widget-min-price=\"0\" data-widget-max-price=\"0\" data-widget-min-area=\"0\" data-widget-max-area=\"0\" data-widget-sidebar=\"false\">\n       \n    <\/div>\n\t<script>\n    document.addEventListener(\"DOMContentLoaded\", function() {        \n        if (!window.assetsLoaded) {\n            window.assetsLoaded = true;\n            var version = (typeof customData !== 'undefined' && customData.customVersion) ? customData.customVersion : '1.0';\n            loadScript('\/blog\/wp-content\/themes\/houzeo-new-design\/js\/hfs-widget.js?version=' + version);\n            loadCSS('\/blog\/wp-content\/themes\/houzeo-new-design\/css\/hfs-widget.css?version=' + version);\n        }    \n    });\n\t\t\n\t<\/script>\n\t\n\n\n\n<h3 class=\"wp-block-heading margin-top-15\"><strong><strong>Eager to Know How Houzeo Works?<\/strong><\/strong><\/h3>\n\n\n\n<p>We&#8217;ve got you covered. Check out the following video to understand how Houzeo works and why it is one of the <a   href=\"https:\/\/www.houzeo.com\/blog\/for-sale-by-owner-websites\/\" target=\"_blank\" rel=\"noreferrer noopener\">best For Sale By Owner websites<\/a> in the U.S. <\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"What is Houzeo? | America&#039;s # 1 Home Buying and Selling Platform\" src=\"https:\/\/www.youtube.com\/embed\/qeO8j2UHSLI?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p><strong>\u00bb Need More Clarity? <\/strong>Read this exclusive <a   href=\"https:\/\/www.realestatequeen.com\/houzeo-reviews\/\" target=\"_blank\" rel=\"noreferrer noopener\">Houzeo review<\/a> and learn why the platform is the best in America&#8217;s competitive housing market.<\/p>\n\n\n\n<h2 class=\"wp-block-heading margin-top-28\" id=\"FAQs\"><strong>FAQs about Broker Price Opinions<\/strong><\/h2>\n\n\n\t\t<div class=\"wp-faq-schema-wrap wp-faq-schema-accordion\">\n\t\t\t\t\t\t<div class=\"wp-faq-schema-items\">\n\t\t\t\t\t\t\t\t\t<p class=\"ui-accordion-header\">\n\t\t\t\t\t\tHow much does a broker price opinion cost?\t\t\t\t\t\t<span class=\"ui-accordion-header-icon ui-icon ui-icon-triangle-1-s\"><\/span>\n\t\t\t\t\t<\/p>\n\t\t\t\t\t<div class=\"ui-accordion-content\">\n\t\t\t\t\t\t<p>A <a href=\"#What-Is-a-BPO-in-Real-Estate?\">broker price opinion<\/a> can cost anywhere between $50 to $300 which is around 50% to 75% less than the cost of an appraisal.<\/p>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<p class=\"ui-accordion-header\">\n\t\t\t\t\t\tWho does a broker price opinion?\t\t\t\t\t\t<span class=\"ui-accordion-header-icon ui-icon ui-icon-triangle-1-s\"><\/span>\n\t\t\t\t\t<\/p>\n\t\t\t\t\t<div class=\"ui-accordion-content\">\n\t\t\t\t\t\t<p>A licensed broker or a real estate agent does a broker price opinion. They generally conduct a <a href=\"#Different-Types-of-Broker-Price-Opinions\">drive-by inspection<\/a> of the house and assess comparable properties to estimate the price.<\/p>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<p class=\"ui-accordion-header\">\n\t\t\t\t\t\tWhen to use broker&#039;s price opinion?\t\t\t\t\t\t<span class=\"ui-accordion-header-icon ui-icon ui-icon-triangle-1-s\"><\/span>\n\t\t\t\t\t<\/p>\n\t\t\t\t\t<div class=\"ui-accordion-content\">\n\t\t\t\t\t\t<p>Broker price opinions should be used to get a listing price when you plan to sell the house. BPOs can also be used when getting a <a href=\"https:\/\/www.houzeo.com\/blog\/how-does-refinancing-work\/\" target=\"_blank\">refinance<\/a> or dealing with a distressed property.<\/p>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\n","protected":false},"excerpt":{"rendered":"<div class=\"new-excerpt\"><p class=\"small-desc\">A Broker Price Opinion is the estimated value of a property provided by a certified real estate broker. The agent usually estimates a house\u2019s BPO based on its characteristics and recent sales figures for...<\/p><\/div><div class=\"reading_date\"><span class=\"readtime\">6 mins read<\/span><span class=\"date\">May 21, 2026<\/span><\/div>","protected":false},"author":102,"featured_media":449724,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[46226],"tags":[31225,31226],"class_list":["post-436841","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-seller","tag-broker-price-opinion","tag-listing-price"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Broker Price Opinion: What Is It and How to Get One<\/title>\n<meta name=\"description\" content=\"Broker price opinion helps you estimate your house&#039;s worth without an appraiser. This article explains what is a BPO in real estate and how much it costs.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.houzeo.com\/blog\/broker-price-opinion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Broker Price Opinion: What Is It and How to Get One\" \/>\n<meta property=\"og:description\" content=\"Broker price opinion helps you estimate your house&#039;s worth without an appraiser. This article explains what is a BPO in real estate and how much it costs.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.houzeo.com\/blog\/broker-price-opinion\/\" \/>\n<meta property=\"og:site_name\" content=\"Houzeo Blog\" \/>\n<meta property=\"article:published_time\" content=\"2026-05-21T10:00:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-05-21T10:00:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.houzeo.com\/blog\/wp-content\/uploads\/2023\/12\/BPO.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"840\" \/>\n\t<meta property=\"og:image:height\" content=\"450\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Bhagyesh Behere\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Bhagyesh Behere\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Broker Price Opinion: What Is It and How to Get One","description":"Broker price opinion helps you estimate your house's worth without an appraiser. 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