Property Valuation
In South Carolina, a 'broker price opinion' (BPO) is used by:
ALenders as a substitute for all appraisals
BLenders and asset managers to estimate value for mortgage defaults and REO pricing✓ Correct
CBuyers to determine fair market value before an offer
DTax assessors to determine assessed value
Explanation
A BPO is prepared by a licensed real estate agent or broker, primarily used by lenders for loss mitigation (short sales, REO pricing) where a full appraisal may not be required.
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