
Gain a thorough understanding of the broker price opinion and the BPO process, and learn how to perform BPOs while securing daily assignments.
Beepers can generate extra income or become a full-time job, averaging about $60–$65 per BPO in local markets like South Florida, with persistency driving growth.
Input the BPO by detailing market conditions, subject property details, three active comps, three sold comps, and a price range; then estimate market value as-is, after repair, and 30-day sale.
Choose the best BPO comps by matching the subject’s specs—square footage, bedrooms, layout, pools, and views—and adjust for missing features, note in the system when extending searches beyond radius.
Learn to rapidly secure BPO assignments by applying to many companies, calling them with a direct script, offering free first services, and building rapport through persistent outreach.
Explore REO foreclosure listings and the role of real estate owned assets within BPO companies, and learn to leverage outreach to banks and agents for listing opportunities.
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.