BPOSG BPO Standards and Guidelines
BPOSG – Broker Price Opinion Standards and Guidelines is a compilation of standards and best practices for BPO practitioners – real estate agents and brokers. A Broker Price Opinion (BPO) is a report which is prepared by a real estate agent or broker which details the probable selling price of a house or property. The standards and guidelines contained in BPOSG are utilized in determining the probable selling price of residential real estate properties. BPOSG can be thought of as set of quality control measures which adhere to the fundamentals, techniques, procedures, and best practices for real estate price evaluations.
The standards portion dictates what a BPO practitioner must do such as ethics and conduct, disclosures, proper application of techniques etc… Guidelines are best practices and/or procedures which are widely accepted, yet allow for flexibility in application. The guidelines contained in BPOSG allow for flexibility in order to meet a diversity of requirements which are needed throughout the valuation industry.
NABPOP integrates BPOSG into a BPO Certification process. NABPOP grants a certification and designation based on knowledge and application of BPOSG and related real estate pricing and valuation techniques, processes, and procedures.
Click here to Download BPOSG
The current version of BPOSG is Version 5.0 as of May 10, 2012. BPOSG is a living document and will evolve as the BPO industry evolves. If you would like to be notified when BPOSG version changes, please Click here to Provide your Contact Information
Input and suggestions are encouraged and welcome. To provide suggestions, please send an e-mail to BSB@NABPOP.org
BSB BPO Standards Board
The BSB – BPO Standards Board – derives and maintains BPOSG. The BSB is comprised of subject matter experts throughout the BPO and valuation industry and is facilitated by the National Association of BPO Professionals – NABPOP. The companies, who are involved with the BSB, are competitors who have come together for the betterment of the overall industry. The selfless dedication of the volunteers who participate in the BSB, is an indication of the high caliber nature of the BPO industry. The BSB derives, reviews, updates, and maintains BPO standards.