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Broker Price Opinion Blog | Broker Price Opinion

Broker Price Opinion

Broker Price Opinion Jobs for Real Estate Agents and Appraisers

BPO Training

bpo training Click Here For More Broker Price Opinion News

bpo training

BPO training is very important for real estate professionals who are serious about jump starting their BPO REO business. There are many types of BPO training available for real estate professionals.

BPO or broker price opinion is an opinion of value of real estate that is determined by a real estate professional typically for banks, lenders, investors or anyone who needs to know the current value of real estate. The BPO or broker price opinion process involves the BPO agent visiting and taking photos of the real estate, then completing an online report including neighborhood information, information on the subject property, 3 comparable properties that are for sale and 3 comparable properties that have sold within the past 3-6 months.

The Advantage of BPO Training

Many BPO professionals guard their knowledge and secrets so that not just anyone can begin completing BPO orders. Quality BPO training will teach you how to do all of the tasks mentioned above and also include the insider tips, tricks and secrets to completing BPO orders faster.

Real estate professionals who build a BPO REO business can earn anywhere from $500 – $3,000 per week just from their BPO business alone. It is recommended that if a real estate professional wants to build a BPO REO business that they invest in BPO training first because without good BPO training a real estate professional could invest a lot of time and money into building a BPO business and receive very little, if any returns.

Investing In BPO Training

Before investing in BPO training you should do some research into the training and check the reviews and success stories. You should first complete research on the creator of the training ensuring that the creator was and is currently still in the business to ensure that you are receiving not only good information, but current information as well.

For more information on BPO training for real estate professionals please visit the BPO REO Academy.

This is a syndicated post. Read the original at BPO Training

Broker Price Opinion

A broker price opinion or BPO is a broker or agent’s opinion of the value of a piece of real estate. Broker price opinion orders are requested by banks, lenders, investors and anyone who needs to know the value of a particular real estate property. Click Here For More Broker Price Opinion News

A broker price opinion or BPO is a broker or agent’s opinion of the value of a piece of real estate. Broker price opinion orders are requested by banks, lenders, investors and anyone who needs to know the value of a particular real estate property.

What Is Broker Price Opinion?

broker price opinion

Typically broker price opinion orders are placed in quantity; for example, when a particular bank has group of mortgages that are defaulting and they need to determine the value of each of the houses. This could be for any number of reasons, like if they were going to sell a group of defaulting mortgages to one of their subsidiary companies. The BPOs would be ordered on all of the properties to determine the value of each of the homes individually as well as the price of the entire package of homes. There are many other reasons that broker price opinion orders are required, such as refinances, short sales, and foreclosures.

Broker Price Opinion Density

It is reported that there will be 8 million foreclosures in the next 4-5 years and there is a reported 650 billion dollars in shadow inventory in the United States. In case you’re not familiar with shadow inventory, shadow inventory is property that is distressed but has not yet been foreclosed on; for example, houses on which the homeowners have not made a payment in 6-36 months and the lender has not foreclosed yet.

Broker Price Opinion Income

The broker price opinion industry will be a 2 billion dollar industry over the next 4-5 years. Real estate professionals can build a six figure income by building a BPO business, not to mention the incredible doors this opens to listing the foreclosed properties, which is another incredible stream of income.

If you are a real estate professional interested in claiming your stake in the 2 billion dollars that will be paid to real estate professionals nationwide over the next 4-5 years, the best training to get help you begin taking advantage of the broker price opinion industry is available at the BPO REO Academy.

This is a syndicated post. Read the original at Broker Price Opinion

REO Training – Video

Robb Krzyston explains professional development and REO training and why they are a great investment in yourself. Learn how REO training can help you acquire more REO listings and achieve more success as an REO listing agent. Click Here For More Broker Price Opinion News

Robb Krzyston explains professional development and REO training and why they are a great investment in yourself. Learn how REO training can help you acquire more REO listings and achieve more success as an REO listing agent.

This is a syndicated post. Read the original at REO Training – Video

Broker Price Opinion Companies

Broker Price Opinion companies, or BPO companies, are companies that are hired by banks, lenders and investors to determine the value of real estate. A BPO or broker price opinion is completed by a real estate agent or broker and is his or her opinion of value of real estate. Broker price opinion companies coordinate this process and serve as a liaison between the broker price opinion agent and the ordering institution. Click Here For More Broker Price Opinion News

Broker Price Opinion companies, or BPO companies, are companies that are hired by banks, lenders and investors to determine the value of real estate. A BPO or broker price opinion is completed by a real estate agent or broker and is his or her opinion of value of real estate. Broker price opinion companies coordinate this process and serve as a liaison between the broker price opinion agent and the ordering institution.

The Need For Broker Price Opinion Companies

There are a lot of BPO Companies in today’s market due to all of the distressed properties. These companies receive large groups of orders from banks, lenders and investors needing to know the current market value of these properties. Banks lenders and investors order BPOs rather than appraisals because they are cheaper. A typical appraisal is around $350 and a BPO agent or broker receives $40-$75. Banks, lenders and investors do still order appraisals; however, not until needed. As an example, if a homeowner was selling their house as a short sale, the bank would typically order 4-5 BPOs during the process, which could span 2-5 years. Because the market is still declining it does not make sense to order an appraisal; however, they still need to know the value of the property, after receiving an offer they will order an appraisal to verify current market value.

How Broker Price Opinion Companies Work

broker price opinion companies

The broker price opinion companies have networks of real estate professionals that they pay to take photos and complete online reports about the properties. Once these orders are complete the broker price opinion companies will review and return them to the bank, lender or investor (whoever ordered them).

Broker price opinion companies make a spread between what the banks pay them and what they pay the real estate professionals. These companies usually charge between $120 -$200 per order and pay the real estate professionals $40 -$90 per order.

Real estate professionals can make an incredible income from completing BPO orders. When a real estate professional properly builds a BPO business, he or she can receive anywhere from 10-100 orders per week, which in many cases can in turn produce six figure income. It is reported that there will be 8 million foreclosures over the next 4-5 years that will be around 32 million BPO’s. As you can see this is a very lucrative industry and will be for the next 4-5 years. If you are a real estate professional and are interested in building a BPO business, you can find the industry’s best BPO training at the BPO REO Academy.

This is a syndicated post. Read the original at Broker Price Opinion Companies

BPO Companies – Video

Whether you are a real estate professional currently completing broker price opinion orders or still looking into becoming a BPO agent, it is important to have a clear understanding of what BPO companies are and how they work. This video addresses the question “What are BPO companies?” Click Here For More Broker Price Opinion News

Whether you are a real estate professional currently completing broker price opinion orders or still looking into becoming a BPO agent, it is important to have a clear understanding of what BPO companies are and how they work. This video addresses the question “What are BPO companies?”

This is a syndicated post. Read the original at BPO Companies – Video

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