Everything you need to know about Broker Price Opinions
This website has been built as an information site for Broker Opinion (BPO) reports. The site is here as a resource for real estate agents and brokers to assist in building income through BPO reports. A Broker Price Opinion, or BPO for short, is similar to a property CMA which provides a client with therecommended listing price for real property. The report traditionally includes data to back up the agents analysis including listed and sold comparable data, market information and property photos. Broker Price Opinions come in exterior (or drive-by) and interior reports depending on whether the reviewer is required to view the interior of the property. BPO’s are often compensated and some individuals make a career completing BPO reports.
Broker Price Opinions can be fun and rewarding. Often they are completed as part of the property listing process, but many other purposes are also utilized for these reports. To build a BPO business, an agent or broker needs to know which companies order BPOs and for what purposes. The BPO Companies tab offers a list of some well-known companies that utilize real estate professionals for this type of service.
Please visit the pages of this site for more information regarding Broker Price Opinions including where to find clients, tips of completing good BPO reports and news as it relates to BPOs in the real estate market.