If you are like almost every Real Estate Agent I know, you are looking for all the additional income you can get. If that’s the case, take it from me, it can happen with BPOs.
What’s a BPO and why are they important to know about? BPO stands for Broker Price Opinion and that is exactly what they are; an opinion about the actual market value of a property. A financial institution may require a BPO for one of several reasons ranging from verifying info for homeowner’s insurance to foreclosure.
The process of completing a BPO is very similar