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broker price opinion

Defined in 1 dictionary — U.S. Code

United States Code

12 U.S.C. § 3355 — for purposes of this section

For purposes of this section, the term “broker price opinion” means an estimate prepared by a real estate broker, agent, or sales person that details the probable selling price of a particular piece of real estate property and provides a varying level of detail about the property's condition, market, and neighborhood, and information on comparable sales, but does not include an automated valuation model, as defined in section 3354(c) 1 of this title.