What does BPO mean?
BPO stands for Broker Price Opinions. You do not need a broker’s license to do broker price opinions, but you do need an active real estate license. Banks and asset management companies hire agents to value properties similar to a CMA.
How to become a BPO real estate agent?
There are a few places to go in order to get started. My BPO mentor taught me how to do BPOs and get faster at doing them. This is a good place to get information on how to start doing BPOs.
Do I need to have a broker license to do Broker Price Opinions?
No, you do not need to be a licensed real estate broker. However, you are required to be a licensed real estate agent in your state in order to complete BPOs.
How much do BPO agents make?
Well, it depends. You can make anywhere from $35 – $75 for each BPO order. The key to doing BPOs is to be fast and accurate. The faster you can complete the BPO the more that you can turn around. In order to do BPOs fast, you will need automation. Along with the BPO automation, as you get more experience and learn tips and tricks then you will get even faster.
What BPO company forms do you automate?
Asset Valuation
Blank BPO Form
Clear Capital
Consolidated Analytics
LRES
Protek
Red Bell (Radian)
RRReview
More BPO companies are being added regularly. Please send us a request to automate a BPO company not listed above.
What are the system requirements?
- BPO Plus runs best on a 64-bit processor. Here is how to tell if you have a 64-bit processor speed computer.
- You need Windows 7 or higher, at least 2 GB of Ram, 5 GB of disk space, and the .NET Framework 4.8. Here is how to tell the version of Windows you are on.
- You will also need Microsoft Office 365 for your desktop for $69.99 per year.
Do you have a list of real estate broker price opinion companies?
Yes, once you become a member you will have access to a 70+ list of real estate BPO companies that you can register with. Members rate the BPO providers based on their experience. This helps you to make an informed decision on the best broker price opinion companies to work for.
How much does the Real Estate BPO Plus software cost?
The automation software cost is only $14.95 per month with a 14-day free trial period.
Also, keep in mind that we are not just software, but a community of real estate agents that help each other. We plan to have townhalls, guest speakers, guest trainers, and networking events.
Do you have a blank BPO form for real estate agents?
Yes, we have a blank BPO form that is free for members to use. You can use the forms to test setting up the automation, practice getting faster turning around your BPOs, or for your own personal paid BPOs. You can even insert your own company logo.
Do I need a BPO certification in real estate?
No, you don’t need a BPO certification to do BPOs. You do need an active real estate license. BPO companies do not require a certification to do BPOs.
However, the more knowledge you have the better including knowing how to navigate your MLS and quickly pull comps. Education on how to navigate your MLS, create exports & reports, and how to efficiently do CMAs is important.
