{"ok":true,"canonical_url":"https://dealroom.so/glossary/broker-price-opinion","api_url":"https://dealroom.so/api/public/glossary/broker-price-opinion","data_freshness":{"sba_records_through":"2026-05-31","fdic_records_through":"2026-03-31","dealroom_last_updated":"2026-06-15","timezone":"America/Chicago"},"source_summary":["Public SBA 7(a) loan records","FDIC institution data","DealRoom lender and franchise enrichment"],"term":{"slug":"broker-price-opinion","term":"Broker Price Opinion","group":"Reading the business","definition":"An estimate of a property's value by a real estate broker, less formal than an appraisal. Lenders might use it for initial assessments or for smaller, non-real estate collateral.","what_it_means":"While not a substitute for a full appraisal on significant real estate collateral, a broker price opinion (BPO) can provide a quick, informal valuation. Some lenders might use BPOs for non-real estate collateral or as a preliminary step in valuation. Do not rely solely on a BPO for critical asset valuation; demand a formal appraisal when appropriate.","url":"https://dealroom.so/glossary/broker-price-opinion","official_sources":[{"slug":"sop-50-10","title":"SOP 50 10 — Lender and Development Company Loan Programs","official_url":"https://www.sba.gov/document/sop-50-10-lender-development-company-loan-programs","official_label":"View on SBA.gov","authority_tier":2,"publisher":"U.S. Small Business Administration","source_guide_url":"https://dealroom.so/sba-7a/sources/sop-50-10"}],"related":[{"slug":"appraisal","term":"Appraisal","url":"https://dealroom.so/glossary/appraisal"},{"slug":"fair-market-value","term":"Fair market value","url":"https://dealroom.so/glossary/fair-market-value"},{"slug":"business-valuation","term":"Business valuation","url":"https://dealroom.so/glossary/business-valuation"},{"slug":"collateral","term":"Collateral","url":"https://dealroom.so/glossary/collateral"}],"related_questions":[{"question":"Can I use pre-closing expenses, like a business broker's fee, as part of my equity injection?","url":"https://dealroom.so/sba-7a/questions/can-i-use-pre-closing-expenses-like-a-business-broker-s-fee-as-part-of-my-equity-injection"},{"question":"What is the primary role of my business broker or M&A advisor in the SBA 7(a) loan process?","url":"https://dealroom.so/sba-7a/questions/what-is-the-primary-role-of-my-business-broker-or-m-a-advisor-in-the-sba-7-a-loan-process"},{"question":"What role does the business broker play in expediting or delaying the SBA 7(a) loan application process for an acquisition?","url":"https://dealroom.so/sba-7a/questions/what-role-does-the-business-broker-play-in-expediting-or-delaying-the-sba-7-a-loan-applica"},{"question":"What if the business valuation is insufficient to support the purchase price?","url":"https://dealroom.so/sba-7a/questions/what-if-the-business-valuation-is-insufficient-to-support-the-purchase-price"},{"question":"What happens if my business valuation comes in lower than the purchase price?","url":"https://dealroom.so/sba-loans/basics/what-happens-if-my-business-valuation-comes-in-lower-than-the-purchase-price"},{"question":"How is the purchase price determined for an SBA 7(a) partner buyout?","url":"https://dealroom.so/sba-7a/questions/how-is-the-purchase-price-determined-for-an-sba-7-a-partner-buyout"}]},"caveats":["Definitions represent DealRoom's plain-English interpretation for buyers; verify regulatory terms against the official SBA and eCFR sources listed.","Not legal, tax, or financial advice, and not an SBA eligibility determination."],"citation":{"label":"DealRoom.so Glossary — Broker Price Opinion","url":"https://dealroom.so/glossary/broker-price-opinion","source_type":"DealRoom Data"}}