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Answer :
Final answer:
A broker's price opinion is written by a licensed real estate broker or agent. It is an estimation of a property's value based on its characteristics and comparative sales in the area.
Explanation:
In the field of real estate, a broker's price opinion (BPO) is a report that estimates the value of a property. A broker's price opinion is typically written by a licensed real estate broker or agent. They conduct an evaluation of a property to estimate its value based on its characteristics and the sale prices of similar properties in the area. This evaluation is often used in the real estate market for transactions that do not require a full appraisal, such as short sales or foreclosures.
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