Foreclosure Crisis Has Created a Huge
Opportunity for Real Estate Agents That
Become BPO Specialists
Frontline Real Estate School’s New E-book “How to Create a
Successful Broker Price Opinion (BPO) Business”, Details
Step-by-Step on How Real Estate Agents Can Tap Into
This Lucrative Field Today.
If you’re a real estate agent or broker you know how difficult the market has become. With the uncertainty of commission income, many agents are discovering the little known specialty niche of performing Broker Price Opinions (BPOs). A BPO business can become your full time career or provide you with a reliable source of income to supplement your real estate business during this tough market. Best of all there are many companies that are in need of your services immediately.
To ensure your success, Frontline’s new e-book details everything you need to become a BPO agent so you can start making money right away. Plus it provides you with a list of companies that need licensed real estate agents to perform BPOs, as well as instructions on how to register with these companies.
No matter what your professional situation might be, doing Broker Price Opinions (BPOs) can help you earn more in these lean times. The great news is BPOs work for everyone - whether you’re just beginning in real estate or you have years of experience you can have greater wealth and cash flow by become a BPO agent.
A quick update since buying your BPO Guide... BPO business is booming. I have completed over 50 BPO'S and have 18 to complete by Monday. Orders arrive every day. No REO listings yet; but I am using my BPO business to catapult me into the REO business and I know they will follow. Thanks for everything and for educating me on how to get in with lenders to do BPOs.
Eric C.
Realtor, Los Angeles
What Exactly Are Broker Price Opinions (BPOs)?
Essentially a BPO is a real estate valuation report that is a quick, cost effective alternative for financial institutions that’s primarily used when a formal appraisal isn’t required.
BPO is an abbreviated term used for Broker Price Opinion. A BPO report is a licensed real estate professional’s written opinion of a subject property’s listed and anticipated sales price. Not to be confused with the (CMA) Comparative Market Analysis you use everyday in your practice. A BPO is a more detailed report that gives the buyers of these reports (usually lenders) an overall snapshot of a property’s value, condition and market statistics.
BPO reports have been around for years yet many real estate professionals are still not aware of this lucrative little known specialty niche. Only a select few have the knowledge of how to take advantage of this “Best Kept Secret” in real estate….until NOW!
Times have changed.
With the Foreclosure Crisis and changing housing market, more and more agents are seeing their businesses thrive by becoming BPO agents. Not only will a BPO business provide you substantial monetary rewards in a slow economy, but for many of you looking to get into the REO business, BPOs are a great way to get your foot in the door to get to obtain “back door” REO and Short Sale listings. While other agent struggle, your services can be in great demand among lenders and banking institutions … so don’t be left behind order TODAY!
Who Orders BPOs?
During this foreclosure boom, the majority of BPOs orders are from financial institutions trying to value their non-performing loans and REO properties, but in truth, anyone who wants a detailed report on a property without the cost and time delay of a formal appraisal can order a BPO – it’s not only for REO servicing companies or REO departments. It might be:
- Lenders Themselves – Some BPO inspections may be used to validate appraisals, AVMs (Automatic Valuation Models), evaluate purchase offers on a property in Pre-Foreclosure or to determine the value of a property that is a potential Short Sale.
- Wall Street / Financial Institutions - BPO can be used to analyze secondary mortgage market loan portfolios for purchase and sale.
- PMI Companies - Private mortgage insurance companies use BPO inspections to analyze and insure lenders against defaulted loans or when there are PMI loan removal requests.
Now if you’re new to starting a BPO business, or if you’ve tried in the past, one of the most difficult parts is finding legitimate BPO buyers and contacting banks who need BPO agents. That’s where Frontline’s E-book “How to Create a Successful Broker Price Opinion (BPO) Business” helps the most.
Why Frontline’s E-book is Different?
Chances are you’ve seen other e-books that offer advice on doing BPOs. They provide what they call ‘additional resources’ to help jumpstart your BPO business. A possible problem is the list contains hundreds of web site links that won’t work.
All the sources that Frontline provides come straight from Speare and Lance’s, the founders of Frontline Real Estate Schools, BPO rolodex. It lists actual companies actively looking for BPO agents. So instead of wading through hundreds of ‘bad links’, this e-book provides real working sources, so you can avoid aggravation and stop wasting precious hours.
After reading your BPO guide I applied to every single BPO Company you provided. Within 3 weeks I was doing 5-6 BPOs per week. After 6 weeks I was doing 5-6 BPOs a day and soon after that I was forced to cut my BPOs by 90% because I was getting 1-3 REO listings per week. This volume grew by quantum levels for the past 5 months to present. Thanks to the secrets, education, and books you provided me AND many 12-14 hours days, my fee earnings on BPOs alone were $63,000 of my income. Plus, I've gotten non-monetary rewards such as appeared nationwide on 60 Minutes as an expert and appearing 3 times on CNBC News. In addition, I've been featured internationally on French Television (twice), and BBC radio as a foreclosure expert. Speare and Lance, I just want to say thanks for everything you and Frontline Seminars have done for me.
Kevin M.
Real Estate Broker, Fresno
What Does “How to Create a Successful Broker Price Opinion (BPO) Business” Include?
The short answer….everything. Anything you need to start your own BPO Business is included in the e-book with chapters like:
- Types of BPOs
- Completing the BPO.
- What You Need to Get Your BPO Business Started
- and How to Register with BPO Companies/BPO Directories
It also covers often-overlooked areas like:
- When BPOs Should Not Be Performed
- Tips on Growing Your BPO Business
- and actual Interior and Exterior BPO Inspection Guides
So how much does this cost? Frontline’s E-book “How to Create a Successful Broker Price Opinion (BPO) Business” is available to you for only $69.00 and you can download it immediately after purchase.
For this small one time fee you can be doing BPOs immediately and earning extra money through your BPO business…instead of waiting for the phone to ring. So order today and gain greater wealth by becoming a BPO agent.
