Description
BPO Pros is a course designed for real estate agents who wish to make money performing Broker Price Opinions for banks and lending institutions. Real estate agents are hired to perform BPO's usually in cases of Foreclosure, PreForeclosure, Short Sales, Refinances and Mortgage Sell Off. BPO assignment fees can range from $40-$300+ depending on area and property type. Banks use BPO's to save money as opposed to hiring a certified appraiser for value. We will see more and more BPO's being issued especially in bad times throughout the country. In a recessionary period foreclosures are inevitable and they are coming. In the last crash some real estate agents were using BPO's to pay their bills while stacking cash to invest into what they sell during a downturn (real estate). Providing BPO services is not only a great way to make quick cash but also it helps to really hone in on your skills of analyzing real estate values. Picture every time you meet with a seller you are able to explain that you are a Broker Price Opinion expert which is one of the main reasons why properties do not sell due to over pricing. You can walk in with confidence in each and every listing appointment here on out! Many times, these BPO companies provide another service as well which is REO services. Meaning they will put strong BPO agents in front of asset managers to get REO listings as well. Don't forget to compliment your niche focus with our other courses especially in a recessionary period with short sales, BPO's, and property management.
