Final answer:
The broker or real estate agency that employs the salesperson usually receives the broker's price opinion fee for a completed BPO on behalf of a lender, and the salesperson is compensated based on their employment agreement.
Step-by-step explanation:
After a salesperson completes a Broker's Price Opinion (BPO) on behalf of a lender, the broker's price opinion fee is typically received by the broker or real estate agency that employed the salesperson. The salesperson is usually compensated through their employment agreement with the broker or agency.
For example, if a salesperson works for ABC Realty, and they complete a BPO for XYZ Lender, the fee for the BPO would be paid to ABC Realty, and the salesperson would receive their portion according to their employment agreement with the brokerage.