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How To Complete A Broker Price Opinion
Rating: 4.3 out of 5(298 ratings)
5,882 students
Last updated 11/2018
English

What you'll learn

  • Complete a broker price opinion from start to finish, sign up with all of the companies and earn extra income each month

Course content

1 section7 lectures39m total length
  • Introduction4:20

    Introduction video to Broker Price Opinions and why you, as a realtor, should be doing them.

  • What to do when an order is accepted3:00

    Turn around time is essential, here we break down what to do upon receiving a BPO assignment.

  • How to sign up with BPO Companies4:46

    Lecture 2 walks you through the process of signing up with BPO vendors and initial on-boarding tasks needed.

  • How to pull comps14:53

    This video will show you how to pull comparable properties and what BPO companies look for in comps. Any rejection can greatly reduce your approval rating, so it's important to submit high-quality comparables each time.

  • How to optimize picture taking5:30

    This video will show you how to optimize picture taking for both indoor and outdoor BPOs.

  • Data Entry6:47

    Lecture 6 will show you how to upload the data you have pulled into the BPO portals and submit your work.

  • BPO Companies I personally use0:10

    There is a giant list of companies that provide BPO for agents but we only use 4 companies: Solidifi, RRReview, Alitsource, Proteck... The full list is below:

    1. RRR Review https://www.rrreview.com/ (Highly Recommended)

    2. Altisource https://altisource.com/Vendor-Network (Highly Recommended) (If the lock box doesn't work, they will provide a trip fee if you provide mapquest)

    3. ServiceLink https://www.svclnk.com/originations/valuations/

    4. Pro Teck https://www.proteckservices.com/join-our-network/brokers-agents/

    5. Marktomarket (Solidifi) https://www.solidifi.com/

    6. Core Logic https://www.corelogic.com/products/bpo-check.aspx

    7. BPO Fulfillment https://www.bpofulfillment.com/BpoMgnt/Application.aspx

    8. Single Source Property Solutions https://www.singlesourceproperty.com/

    9. Clear Capital https://www.clearcapital.com/join-us/appraiser-application/

    10. Xome https://vendor.xomevaluations.com/Account/Login?ReturnUrl=%2f

    11. Old Republic http://www.oldrepublicdefault.com/Docs/PartnerDocs3-b.pdf

Requirements

  • You must be a licensed realtor to utilize this course.

Description

Welcome to "How To Complete A Broker Price Opinion" by 24/7 Real Estate.

In this course you will learn exactly what a Broker Price Opinion is, why you should being doing them and exactly how to complete one from start to finish. 

BPO's are a great way for you to make extra money each month, learn your market, and get your name in front of Asset Managers for REO listings.

The course is 100% free and we hope you enjoy learning.

Who this course is for:

  • Licensed Realtors