If you find yourself wanting to join the group of savvy real estate professionals who are making money from Broker Price Opinion orders – or BPOs – you’re probably asking yourself how to get BPOs because you want a piece of the action for yourself!
Why You Need To Know How To Get BPOs
Banks and mortgage lenders will commonly hire a BPO agent to conduct a Broker Price Opinion – a process that helps them quickly and affordably determine the value of a property. It is much faster and more affordable than hiring a licensed appraiser, and also
offers a great additional stream of income for real estate agents and brokers. A BPO can be conducted by any real estate agent or broker willing to learn and complete the process. If you aren’t familiar with how BPOs work, you can learn more at BPO Training Academy.
But, to simplify why you would want to get BPOs, it means money for you! Banks will pay you to give your opinion of a property’s value – a process you probably do already on a regular basis!
How To Get BPOs And Make Money Completing BPO Orders
In order to become a BPO agent, you will first need to sign up with a bank or lender. Once you are approved, the lender will begin sending you BPO orders to fulfill. Then, as long as you complete the BPOs successfully and within the required time frame,
the lender will send more orders for you to complete – and, of course, pay you for completing them! The orders you will receive will vary in complexity – some BPO orders only require you to photograph the exterior of the home, while others will require you to enter and photograph the interior as well. You will also generally be paid more the higher the complexity of the order, and some of these may be rush orders which typically pay more as well.
Once you are familiar and comfortable with the process of how to get BPOs, you can sign up with as many banks and lenders and complete as many BPO orders as you’d like. Being a BPO Agent will provide an outstanding way for you as a real estate agent or broker to add a consistent additional stream of income to your real estate business!
You can also jump start your success, learn the insider secrets of how to get BPOs and make the most of your new BPO business by investing in BPO training.
As you can see, the Broker Price Opinion industry has a lot to offer real estate agents and brokers, and you can now begin taking advantage of it yourself now that you know how to get BPOs!