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Question and Answer Session: Commercial BPO’s
Hi Nicole, Do you offer Commercial BPO Training? If yes, how much to enroll? If not, can you refer me to a company or person who does? Thanks, Ricky in the Bay Area, CA
Thank you very much for reaching out and for your question.
Unfortunately we don’t offer training on Commercial BPO’s.
Here’s what I do know:
- You need to be a commercial real estate agent as your speciality. You should be experienced and have an accreditation.
- You may have to use a totally different MLS or website that shows commercial properties.
- The fee is higher for commercial BPO reports because it is more specialized and the reports are longer and more involved than doing a BPO on a house or a condo.
- There are difficult financial questions on commercial reports where you need to know what they all mean.
I have done 1 or 2 commercial BPO orders back when I was active in real estate but quickly learned that they are a whole other animal and I didn’t have proper training to provide a quality report.
So, if you aren’t experienced see if your local MLS offers a class where you can get clock hours or a designation.
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