A licensee gathers the following information on similar retail properties: recent sales, pending sales, available properties, and expired listings. The licensee completes the Information into a report and provides the data to a lender. The licensee has most likely prepared

An appraisal is a formal valuation conducted by a licensed appraiser who adheres to standardized methodologies and regulations. While both appraisals and BPOs utilize similar data, an appraisal typically involves a more rigorous and detailed process, often including an on-site inspection, which is not indicated in this scenario.

A marketing proposal is a document designed to outline strategies for selling or leasing a property, including marketing tactics and target audiences. Although it may use some market data, a marketing proposal does not focus specifically on property valuation, which is the primary aim of the information compiled in this case.

A broker price opinion (BPO) specifically involves a licensee using market data, such as recent sales, pending sales, and listings, to estimate the value of a property for lenders or clients. The information gathered in this scenario aligns perfectly with the purpose and method of preparing a BPO.