I am a new OREA(Ontario Real Estate College) student and am wondering what the short-forms are. BPO/REO. Lots of talk about them but always short-form. Just curious.
Wondering if there is any corelation to our markets up here...you know...for our igloos and stuff!

BPO=Broker Price Opinion, is basically a CMA for a bank, lender or third party.

REO is a bank owned/repo property.

Paul.
Thank you for the reply. Although most of these posts are American...I find them interesting and I can benefit from some of the opinions and information.

Is there a Canadian version of this site?

Regards.
Johan