### Question
How is the term broker price opinion defined?


### Answer
The term **broker price opinion** is defined in *12 U.S.C. § 3355* as the following:

> 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](#3355_1_target) of this title

#### Citation:
  - *12 U.S.C. § 3355*
  - Heading: **CHAPTER 34A-APPRAISAL SUBCOMMITTEE OF FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL**

