How to Do a BPO?

A BPO, or Broker Cost Opinion, is performed by a actual estate agent or appraiser to help banks decide the estimated current market value of a property. They are a necessary device when determining if a property ought to go in to pre-foreclosure or foreclosure.

First and foremost, you must be a licensed Actual Estate agent in order to sign up and perform Broker Cost Opinions.


Join the National Association of BPO Professionals (NABPOP). With this membership, you will gain access to a listing of BPO Companies. Sign up with the companies in the listing and wait for the jobs to hit your e-mail inbox.


Pull the tax map records for the BPO property.


One time you receive a job, accept it immediately. BPO jobs are primarily first-come, first serve!


Next, you will require to drive to the property and take images. Some BPO's are drive-by (exterior) only. These images can be taken from your car; make sure to take a photograph of the front of the house emphasizing on the house number.
If the BPO requests interior images, it ought to be on a lockbox for simple entry.


Access your MLS account and pull three comparable properties. These must be the same bedroom, bathroom, est. square foot


A check will usually be mailed to your home or work address bi-weekly or every month. Keep in mind, the more BPOs you perform, the more money you make!


Access your account with the BPO company and upload the images, comparable knowledge and any other knowledge concerning the property.
Click Submit.

A check will usually be mailed to your home or work address bi-weekly or every month. Keep in mind, the more BPOs you perform, the extra money you make!