Our office received a phone call from a BPO company in Florida early today. The young lady requested that we do a drive-by BPO on a home in rural Wisconsin, about three hours from our office in the Minneapolis and Saint Paul area and about an hour and fifteen minutes from our Wisconsin office in Ashland County.
She was in a bit of a panic. She told us the BPO was needed for an approval that had to be ready by the end of the day today. She was totally unfamiliar with rural northwestern Wisconsin. She didn't know anything about distances, location, much of anything really except for the property address and name of the town in Wisconsin.
Her 10 a.m. phone call to our office requested that we put the BPO together for them by no later than 2 p.m., giving us about four hours to send an agent to photograph the property, research recent sales and the property tax database, and fill out a three-page BPO form. And for all that effort (and a rush job), they were offering to pay us a whopping $55!
My agent, Mike, was willing to drive to the home and do this, but he would have had probably under an hour to generate the report. His round trip mileage to do the BPO would have been around 110 miles.
- What are these people smoking?
- Why not offer us fifty cents for the BPO? Maybe they'd like us to pay them..
- If they can't find an area agent to do the BPO and need us to do it so badly, why are they offering such a ridiculously low fee?
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