Broker Price Opinions
Two types of Broker Price Opinions – BPO for Real Estate Agents Explained
October 30, 2009 · 1 Comment
Many real estate brokers supplement the income they get from commissions by doing BPOs or Broker Price Opinions. This is a tool harnessed by brokers to evaluate properties. Though the practice of doing individual BPOs are not costly, real estate brokers can do extremely well by making their BPO procedures more simple and efficient. In fact, there are a lot of real estate broker companies who allow forms to be completed and submitted online. There are two types of Broker Price Opinions, the Drive by BPO and the Internal BPO. The first one, the Drive by BPO is exactly as its name implies. This type... [Read the full story]
How to BPO?
The Advantages of BPO (Broker Price Opinion)
October 30, 2009 · Leave a Comment
To those who are not used to real estate lingo, a BPO or Broker Price Opinion is a property evaluation done by a broker. However, this does not merit expense and delay in the appraisal. A BPO is simply a tool that is used to put value on a certain property in the current market. Lending or mortgage companies request real estate brokers to give out a Broker Price Opinion. This is done through a Drive by BPO or an Internal BPO, which is most likely the case. The reasons for a Broker Price Opinion might include the desire to avoid an appraisal of the cost, to avoid delinquent payment and pending... [Read the full story]
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i want to perform broker price opinions
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I do not believe in BPO’s (Brokers Price Opinion). Do not get caught in this trap
In negotiating a workout, in many situations, the conclusion is an amount based primarily on your ‘liquidated net worth’. What else could it be? It is the only reasonable measure of what the result would be in a real defaulted bank loan, foreclosure and liquidation by auction, the only kind of liquidation the bank will utilize. So if liquidated... [Read more of this review]
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