Broker Price Opinion companies for agents. This site provides a complete free list of BPO companies and REO companies.
What is a Real Estate BPO and/or a Broker Price Opinions? BPO is a valuation tool used by banks, lenders, mortgage companies, and loss mitigation companies. BPO's are preferred by lenders because its less expense and can be completed much quicker then an appraisal. Real Estate agents either do a drive by BPO or an Internal BPO. Bpo's / Broker Price Opinions are an excellent way to earn extra income for Realtor's. This site provide's you with a directory of broker price opinion venders for free. Don't forget to do your homework, Broker Price Opinion companies are different.
Why do Lenders and Banks need a bpo / broker price opinions?
Lenders in many cases need a properties current market value. Broker price opinions are used with refinancing and in many cases when a lender is considering foreclosure or a short sale. BPO gives lenders a quick estimate of a homes current market value. Lots of real estate agents are supplementing their commissions with bpo / broker price opinion income. Agents usually get paid between $45-$150 to do a bpo.
Get your FREE list of broker price opinion companies at bpo4agent.com