BROKER PRICE OPINIONS

Close Real Estate Broker’s Price Opinion

Agents and brokers with Close Real Estate are required to possess, at minimum, a bachelors degree from an accredited, not-for-profit university. This means the price opinion you receive is executed by an individual that has training beyond the skills required to earn a Texas real estate license.

Close Real Estate has agents in Amarillo, Abilene, Dallas|Fort Worth, & San Antonio ready to deliver your broker price opinion. The primary broker for Close Real Estate is a PhD-degreed economist with years of experience in valuation questions. When agents performing broker price opinions encounter a thorny valuation issue, the have his expertise to guide them.

Our agents are experienced in delivering broker price opinions and their objective is to deliver a sound estimate of price and do some in a timely fashion.

Request a broker’s price opinion from Close Real Estate

Complete the questions below to initiate your broker price opinion. Once submitted, you’ll be contacted by a Close Real Estate agent who will run point on delivering your price opinion.

I. Subject property
First, provide information about the property requiring a broker price opinion
Legal name of property owner*
Subject property address*
Street Address City State ZIP Code
The client requests an:*
Appointment contact for access to property
First Last
Cell number for appointment contact for access to property
II. Client requesting broker price opinion
Provide information about the client that is purchasing this broker price opinion.
The client requesting this broker price opinion is:*
- an individual
- a bank, business, or entity
Name of individual requesting broker price opinion*
First Last
Name of business, bank, or entity requesting broker price opinion*
Contact requesting broker price opinion for the business, bank or entity*
First Last
Client's mailing address*
Street Address Address Line 2 City State ZIP Code
client's email*
client's contact phone*
Client's motive for obtaining broker's price opinion
Deadline for completion of broker price opinion
MM slash DD slash YYYY
Upload purchase contract, survey, deed, previous appraisals, images, or any documents deemed important to rendering this broker price opinion
Drop files here or

Max. file size: 300 MB.
This broker's price opinion will be paid for:*
- from proceeds from a real estate closing.
- will be paid outside of a real estate closing.
Name of closing company / title company:
Title company contact
First Last
Address of closing company / title company:
Street Address City State ZIP Code
Title company / closing company phone number:*
Title company / closing company email:*
III. Submission of request for broker price opinion
You are requesting a broker's price opinion for the property detailed in Section I. In adherence with TREC rules, It is presumed you understand "this represents an estimated sale price for this property. It is not the same as the opinion of value in an appraisal developed by a licensed appraiser under the Uniform Standards of Professional Appraisal Practice." (RULE §535.17 Broker Price Opinion, Comparative Market Analysis, or Sales Price Estimate excerpted from the Texas Administrative Code).
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What is a broker’s price opinion?

A broker’s price opinion is a method which a real estate broker (or an agent acting on behalf of their employing broker) uses to estimate the probable selling price of a real estate property or house. The estimate of price is submitted in a report – typically 2 to 3 pages – that includes local and regional real estate market information, neighborhood analysis, and comparable properties similar to the subject property being priced. This method of estimating a price has similarities to a comparative market analysis and a residential real estate appraisal.

Executing a broker’s price opinion means a real estate professional is requested by a to submit an estimate of a selling price for a property in report form for a fee.

When is a broker’s price opinion used?

Loan origination where permitted by FIRREA (under $250,000)Internal non-lending purposes
Valuation of portfolio
Mark to market
Home Equity Line of Credit – HELOC (under $250,000 per FIRREA)
Home Equity Loan (under $250,000 per FIRREA)
Private Mortgage Insurance – PMI removal
Secondary markets (loan but not underlying property not sold)
- Establish portfolio price – seller
- Due Diligence – buyer
Distressed loans
- Ongoing diligence/disposition
- REO
- Short Sale
- Loan Modifications
- Pre-Foreclosure
Legal
- Divorce
- Estate settlement
- Lawsuits
- Prenuptials

Executing a broker’s price opinion means a real estate professional is requested by a client to submit an estimate of a selling price for a property in report form for a fee. If you’d like more information about Close Real Estate’s broker price opinion services, contact Conner Nielsen at 806-928-8884 or by email.