Real Estate Income

Performing Broker Price Opinions BPOs is a source of income for many real estate agents and brokers across the country.  Most agents who do BPOs enjoy the steady income from being paid to perform Broker Price Opinions (BPO) which supplement their regular real estate income, especially in the slow times between deals.  For most, BPOs provide a nice supplement to their real estate income whereas there are some agents BPOs are their primary income source.  BPOs have become an integral part of many real estate agents and brokers business.

Banks, Lenders, asset managers etc. constantly require valuations for various reasons all over the country.  Click here BPO reasons.  Regardless of the direction of real estate, there will always be demand for BPOs.  BPOs have become the preferred valuation method for many organizations involved in the real estate industry.  Automated valuations aren’t necessarily accurate, and appraisals usually have more information than is needed, are significantly more expensive, and take longer to get. BPOs are a great happy medium for banks lenders asset managers etc.

Financial organizations utilize BPOs every day

A Broker Price Opinion BPO is a cross between a CMA and an appraisal.  BPOs have more details and are formal than a CMA but less detailed than a full appraisal.  BPOs are more cost effective for organizations who need real estate valuations. More info BPO

Real estate agents and brokers perform BPOs primarily for the following reasons:

  • Receive Income       
  • Opportunities for listings (REO, foreclosure, short sale)  
  • Marketing Opportunities   
  • Increased Skills as a Real Estate Professional    
  • Become a more Proficient and knowledgeable Real Estate Professional 
BPOs are the first step of Foreclosure and BPOs are utilized throughout the entire process.

Why do BPOs

Why should an agent/broker do BPOs

Most Real Estate agents and/or brokers perform BPOs to supplement their real estate income.  BPOs are a very reliable and consistent source of income for real estate agents and brokers.  Even agents and brokers, who don’t necessarily need to augment their real estate income, perform BPOs to stay on top of their market, keep their valuation and pricing skills sharp, and for the marketing opportunities which are presented while they are in the neighborhoods completing BPOs. Simply stated, performing BPOs makes a better agent/broker.

Some of the many benefits agents and brokers enjoy performing BPOs:

  • Receive Income
  • Opportunities for listings (REO, foreclosure, short sale)
  • Marketing Opportunities
  • Increased Skills as a Real Estate Professional
  • Become a more Proficient and knowledgeable Real Estate Professional

More information 

Real Estate Income

Perform BPOs