More About BPO's
What exactly is a BPO?
- A "BPO" is an
acronym for the phrase "Broker Price Opinion." For many of you
this phrase may be a completely new and foreign term. In
actuality, it is a very hidden industry within the
real estate
field and something that not many brokers, agents, appraisers or members of the
general public know about.
What is a BPO report?
- A "Broker Price Opinion
report," is an opinion of value that is
conducted by real estate professionals and/or appraisers to
help determine the estimated, current market value of a
specific property. A typical Broker Price Opinion form is 2-3
pages, is either an exterior drive-by or interior inspection
and is seen within the valuation industry as an option to a
full appraisal report.
I had a steep learning curve when I
first got started and want to make it easier for people to
have access to information that may change their life as much
as it did mine.
Plus, I feel that information is so empowering,
and so I have tried to make it easier for you to get started
in this exciting and stimulating side of real estate. Plus,
doing BPO work is a very nice source of supplemental income on
top of your real estate commissions.
What can I expect to make?
- I have been paid different amounts for doing BPO work:
Exterior BPO's that pay anywhere from $40-$200 (dependent on
whom you work with, the distance from your office to subj.
property, and sometimes based on the fee that you ask for to
do the order), Interior BPO's for anywhere from $50-$200, 2nd
Opinion BPO's for between $50-$85, and Property Condition
Reports for $10-$25.
Who can perform Broker Price Opinions?
- You must be a licensed real estate broker, agent and/or
appraiser. Plus, your license must be active, current and in
good standing within the state you are wanting to provide your
services.
Where can I learn more about Broker Price Opinions?
- I've made 5 eBooks on the subject and offer
personalized BPO training as well. The first one is my BESTSELLER!
I have
available for purchase through this website, through
Amazon.com as well as
through eBay, it is entitled,
"All
You Ever Wanted to Know About Broker Price Opinions."
Click
Here to See a FREE 9-page Sample of the BPO Manual.
My "How to Manual," also provides an
up-to-date list of 120
BPO, REO and Asset Management Company direct links. (Last
update was done on September 27, 2008) It contains a ton of easy to
read information, screen shots and how to info about what to
expect in becoming a BPO Vendor. There are over 90 pages in
this eBook. It is available as a Free Digital
Download as a secured eBook and can quickly as well as easily be sent through
email also. The cost is only $55.00!
Check
it out at my online store!
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Topics
covered within this manual includes detailed instruction
on:
* What Exactly Is A BPO?
* Who is Allowed to Complete BPO?s?
* Sample BPO Form
* Directory of BPO & REO Companies (13 pgs)
* Where Do I Find More BPO Companies?
* What Do I Need to Sign Up?
* How Do I Complete & Fill Out a BPO Form? (12 pgs)
* How to Get More Orders?
* Staying Organized
* Creating a File Folder System
* Setting up an Order Tracking System
* How Much Can I Expect to Make?
* When Will I Get Paid?
* Beating Out the Competition
* What Type of Equipment Do I Need?
* Vendor Rating System
* Wrap Up
Save $10.00 by not having to purchase an additional
list separately.
Everything
you need to get started is included in this BPO Manual. |
The newest eBook I offer is the next resource
available after reading through the BPO Manual.
It is entitled, "The
Essential BPO & REO Resource Guide."
Click
Here to See a FREE 5-page Sample of the Essential BPO & REO
Resource Guide.
-
Direct
links to 120 BPO, REO and Asset Management
companies. Plus, I have highlighted the 30
companies that I currently contract with by
putting an asterisk next to the company name.
-
A
table that breaks down each company and if they offer
REO's, BPO's and/or Appraisals.
-
The
standard pay period and/or reimbursement for many of
the companies within the list.
-
2
Sample Advertisement Templates to use when recruiting
for data-entry assistants and contractors to do the
photography side of your business.
-
A
list of 2 FREE dynamic and trusted online sources to
place an Ad to find teammates.
-
Direct
links to all of the proper Tax Forms you'll need when
using contractor workers.
-
A
Direct link to my favorite, "Home Repair
Estimator."
-
An
Independent Contractor Agreement Template
-
A
Guided Worksheet to use for gathering data for your
orders (From your local Assessor's website, MLS or
local title company)
-
2
Forms to use to help you organize and track each of
your BPO orders (One for Active orders and the other
for Completed orders to use for accounting purposes)
-
A
Generic BPO Photo Order form for your contract
photographers
-
A
Blank BPO Form
-
And
Common "Cookie Cutter Phrases," that you can
use to save you time on your orders.
The
Cost is Only $29.99
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I
offer 2 different original lists that I have personally
created with the same title. The first
eBook contains 60
Direct Links to BPO & REO Companies
where you can sign up to become a BPO Vendor. There are 5
pages within this eBook and the cost is ONLY $9.99 The
Second eBook contains 120 Direct
Links to BPO and REO companies. There
are 10 pages within this eBook and the cost is ONLY $19.99. All
of my products are available as a Free
Digital Download PDF file where
you will be sent an email with the link to download the
product you purchased.
As you can see after you sign up with ONLY one
company and complete your first order you will have easily
paid for the cost of this Directory. I hope you seek it out!
How can I join and access the BPO Student Forum?
- I've started a dynamic, one-of-a-kind online Broker Price
Opinion and Real Estate Owned based forum titled, "BPO
Student Forum." This forum is
intended specifically for my BPO students and past customers
who have purchased my BPO Manual. I am very excited to tell
you that there are currently over 140 different Broker Price
Opinion (BPO) and Real Estate Owned (REO) topics within the
forum right now!
Although, I have created the forum for my BPO
Training students and for the customers who purchased
my BPO Manual, for those of you who have not purchased the
training package or the BPO manual you can still join! There
is a yearly membership that you can purchase for $49.99
through my shopping cart. You will gain Exclusive
access to join, exchange ideas and ask hard to get
answered questions for a full 365 days.
Click
on the subscribe button below to join the BPO Student Forum.
Choose
either:
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