What is broker opinion of value?
A broker’s informal estimate of value (a BOV) reflecting current market intelligence on bids, concessions, and failed deals. Useful market evidence, but not an appraisal, so evaluate it for bias.
Where you will use it: this term comes up in the Real Estate Finance course, and the full course glossary collects every term in one place.
Related terms
From the free Real Estate Finance course by Devon Coombs, CPA, MBA.