broker price opinion
Defined in 1 place of the United States Code.
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.
Source
- 2010–present12 U.S.C. § 3355Banks and Banking · Broker price opinions · for purposes of this section