BPO Broker Price Opinion Work Application List with Links to apply for BPO Work, updated 2018.
Some Realtors make very reliable income on producing quality BPO Broker Price Opinion Work for various companies. Some Realtors complete BPO Broker Price Opinion Work to collect fees, other Realtors complete them in effort to win future REO Listings.
Broker Price Opinion Reports are sometimes confused with an appraisal. This is unfair to the appraisers who go through extensive training on values, value deductions, value additions, and the meticulous care that is required in a professional appraisal. It is not uncommon for an Asset Manager or a BPO Company to order 2-3 BPO Broker Price Opinions to compare the values to make sure they are all within range.
BPO Broker Price Opinion work is something that many REO Realtors begin with, because the skills that Broker Price Opinion Work finetune in Realtors is the ability to accurately identify current market value of homes. Determining value is a crucial part of being a Realtor, but extremely important in being an REO Listing Agent.
The Asset Managers who work with REO Listing Agents to sell foreclosures will expect their REO Agents to be fluent at producing BPO Broker Price Opinion Work that they can rely on. Broker Price Opinion Work helps Asset Managers determine a sellable listing price on REO listings that will be put on th market.
Broker Price Opinion work can be provided by BPO Mills. BPO mills are the companies that are only looking for BPO Broker Price Opinion Work only. A fee for service, where a Realtor compiles comparable sales data into a comprehensive report that an Asset Manager can review and determine if the REO Listing Agents suggested Listing price appears realistic. BPO Mills pay an agreed upon fee to the Realtor, and the report will not result in that Realtor getting an REO Listing. Most BPO Mills have no influence in hiring REO Listing Agents.
If your purpose in completing BPO Broker Price Opinion work orders is not for the fee, but in effort to impress Asset Managers so they consider you for future REO listings, be sure to ask the BPO source if they offer REO Listings before accepting a BPO Order.
Some of the BPO Companies that offer REO Listings as compensation, will ask you to complete the BPO for FREE, so be careful if your goal is only the fee.
I first completed BPO Broker Price Opinion Work to familiarize myself with what would be required as an REO Listing Agent, because I wanted to work for Asset Managers to sell their foreclosure assets.
To do this, accepting BPO Broker Price Opinion Work from BPO Mills is a great idea. Get paid a flat fee to learn is not a bad plan.
It is understandable why being adept at providing BPO Broker Price Opinion Work makes a Realtor better at helping Clients determine current market value of the Real Estate they want to sell or buy. Increased market knowledge makes a Realtor exponentially more valuable to their clients.
Below is a list of BPO Companies that offer BPO Broker Price Opinion Work to Realtors.
Fees can range between $25-$200 for a complete BPO Broker Price Opinion Forum submissions.
Clear Capital (now requiring a background check that will cost you about $40)
FAS (Financial Asset Services Incorporated) (costs to register)
Green River Capital
Regional REO Services
RELSvaluation Contact the sales department to apply to the network. 877-844-8573 Opt #3
BPO Broker Price Opinion work is often submitted through that companies web portal. Once complete, the report will go through a quality assurance review.
A Broker Price Opinion Company will call the Realtor for corrections, or to reconsider a value is they see a discrepancy.