Income doing Broker Price Opinions - BPOs

 

 

Real Estate Agents and Brokers can make thousands $$$ per month performing BPOs. Getting started in the BPO industry can be challenging, but it is very rewarding and worth the effort.

 

Regardless of the direction of the real estate industry, there is always demand for BPOs. There will always be a need for brokers and agents to perform accurate and quality oriented BPOs. Not only are agents who perform BPOs better agents overall, they are earning extra real estate income.

 

Some of the many benefits agents and brokers enjoy performing BPOs:

-Receive Income

-Opportunities for listings (REO, foreclosure, short sale)

-Increase Your Skills as a Real Estate Professional
-Become a more Proficient and knowledgeable Real Estate Professional
-Marketing Opportunities

BPO Income

 

 

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Begin Earning Income

 

Income $$$ BPO Income

There are many Real Estate Agents and Brokers who earn thousands every month performing BPOs.  Many NABPOP members enjoy a consistent and steady flow of BPO income between real estate deals (some agents make thousands $$$ every month). A Real Estate Professional’s income can be inconsistent at times.  Once established and vetted with a few BPO Companies, a Real Estate Professional can earn a consistent and reliable income performing BPOs. 

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Real Estate Professional can earn thousands of dollars per month performing BPOs.  Many NABPOP members make thousands of dollars a month. Some NABPOP members even perform BPOs as their sole source of income and are making up to a 6 figure income performing BPOs.  The amount of money a NABPOP member can make is limited by their dedication and perseverance. Income results vary depending on competition, market area, and other variables and income can't be guaranteed.

 

The BPO industry can be unforgiving to those who don't know what they are doing. Trial and error doing BPOs will doom your BPO career. Don't try to get started on your own, learn from the knowledge and experience of BPO professionals.

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Opportunities for Listings

Not only will you be working for and establishing a reputation with banks and lenders, some BPO assignments can lead to receiving a listing through the lender.  Loan servicers will evaluate your performance on BPOs in order to determine future listings. REO/Foreclosures are everywhere and BPOs are the first step in a default situation and are pervasive throughout the default process - initial default, short sale analysis, foreclosure process, repossession and REO listing. In many instances, the BPO practitioners who perform the BPOs, in a default situation, develops a rapport with the asset manager. A BPO practitioner's performance can lead to future REO or short sale listings (although possible, listings are NEVER guaranteed). BPO competency is essential in the default process.

 

NABPOP members have access to the Directory of BPO and REO companies to sign up with to start doing BPOs. Many BPO and REO companies are interested in NABPOP Certified Real Estate Pricing Specialists (C-REPS). Becoming BPO certified can lead to receiving BPO assignments sooner than a non-certified agent.

 

Marketing Opportunities

Doing BPOs will put you in the community as a Real Estate expert.  You will come into contact with property owners every day in order to perform BPOs.  These property owners look at you as a Real Estate expert because you have been assigned from a bank or a lender to evaluate their property.  As a Real Estate Professional, whenever you are in the community, you are in a marketing opportunity to get your name out there.

 

 

Performing BPOs makes you a Superior Real Estate Professional.  Completing BPOs requires you to perform tasks which you would not otherwise do as an agent/broker. As a function of every day practice doing BPOs, a Real Estate Professional garners, sharpens, and hones the following skills:

      • Price houses and properties

      • Value amenities and features

      • Inspect a house’s interior and exterior

      • Inspect neighborhoods

      • Gain more in depth knowledge of your service area

      • Searching and utilizing MLS efficiently

      • Search and find information from public records

      • Stay up to date with your local economy

 

A Professional who performs BPOs also handle many technical aspects of Real Estate such as determining square footage, room counts, measurements, architectural styles, and house types and much more.

 

Become a Better Real Estate Professional

Imagine the advantages that being able to place an accurate price (using technically correct methods and best practices) on a property will bring to your Real Estate business.  No other Real Estate Professionals are as close to the pulse of their local Real Estate markets and prices as those doing BPOs on a regular basis, and making good money at it.

 

Professionals who perform regular BPOs are going into neighborhoods on a regular basis so they tend to have an excellent knowledge of their service area – much better than the average Real Estate Professional.

Performing BPOs definitely will add to any Real Estate Professional’s career and business.

 

 

 

Click here to Start earning extra RE income