How Do You Perform Real Estate Broker Price Opinions?
Brokers Price Opinions (BPO) are generally performed on real estate properties that are about to be foreclosed or whose owners are late in paying the mortgage. The cost of performing a BPO is much lower than performing a full property appraisal. Most Broker Price Opinions are “drive by”, or performed from the outside of the property. However, there are companies that perform other types of BPO at the client’s request. These are some tips on how to perform broker price opinions. Decide how to perform broker price opinions. You can work or consult for broker price opinion companies or perform BPO for your own real estate business. Broker price opinion companies generally provide training and the clients. Find these companies on the internet and on real estate job listings services. Perform broker price opinions for your own real estate business. You will need to get the clients; banks, mortgage brokers and other realtors. In most states, a Real Estate License is required to perform BPO.