In a sales meeting today I heard a comment that I am still trying to get my mind around. I heard that banks will grade agents on BPO's. Basically - if you do a BPO and get the listing, you are graded on the percentage that it sells for in reference to your BPO price.
But if the market is in a free fall, and the banks are dumping (see Stacy Magids very interesting blog from earlier this evening) then how can they grade the agent?
Does anybody have any experience with this?
The Wallace & McGrath Team
Coldwell Banker Elite
"Selling Homes In The Fredericksburg Virginia Area"