Posted by NCsignguy on 3/23/09 3:37pm
Msg #281822

BPO

how do i become a BPO?

Reply by Linda_H/FL on 3/23/09 3:46pm
Msg #281824

Okay..I'll bite...what's a BPO? n/m

Reply by A-1 Signing Agents, LLC on 3/23/09 3:47pm
Msg #281825

Re: Okay..I'll bite...what's a BPO?

LOL i wanted to ask but figured it was something I should know.

Reply by Patricia/VT on 3/23/09 3:50pm
Msg #281828

Re: Okay..I'll bite...what's a BPO?

You don't become a BPO. BPO stands for broker price opinion, and is used in lieu of a (more expensive) appraisal. I believe that you must be a licensed real estate broker to do these.

Reply by Linda_H/FL on 3/23/09 4:12pm
Msg #281839

So..in other words - "Fair Market Analysis"?? n/m

Reply by NCsignguy on 3/23/09 4:51pm
Msg #281848

Re: Okay..I'll bite...what's a BPO?

it must be broker price option. i have done some field inspections, some companies have asked about BPO. thanks for the input

Reply by JanetLA on 3/23/09 3:50pm
Msg #281829

the only thing I know of is in real estate

a broker price opinion is done to determine value... Done by a real estate broker. Of course, it is entirely possible that in Louisiana it is different... Not sure what a notary would have to do with that but maybe that is what this person is looking for...

Reply by Todd/OH on 3/23/09 3:57pm
Msg #281833

Re: the only thing I know of is in real estate

In Ohio, the BPO is done as a courtesy and usually if the broker isn't busy. I remember requesting one from a broker/friend of mine and he never showed up. I never mentioned it.

Reply by MikeC/NY on 3/23/09 5:39pm
Msg #281859

Re: the only thing I know of is in real estate

You get paid to do a BPO, and it's more formal. What you're referring to is known as a CMA (Comparative Market Analysis) - those are always done as a courtesy, usually when an agent is trying to get a listing. They both involve the same type of data, but they're handled differently.

Reply by Sylvia_FL on 3/23/09 3:53pm
Msg #281830

Boston Philharmonic Orchestra???

Broker Price Opinion

Reply by Linda_H/FL on 3/23/09 4:00pm
Msg #281834

Re: Boston Philharmonic Orchestra...LOL...my thought too!! n/m

Reply by Bob_Chicago on 3/23/09 4:29pm
Msg #281845

You know my cousin , Phil, who lives in Boston and..

plays the harmonica???Cool !!!!

Reply by Tess on 3/23/09 3:56pm
Msg #281831

Re: Business Process Outsourcer? No Idea!! n/m

Reply by Linda Juenger on 3/23/09 4:03pm
Msg #281837

Re: Business Process Outsourcer? No Idea!!

This reminds me of my hubby. When he gets mad he says BFD and that doesn't mean Belleville Fire Dept. lol

Reply by Mia on 3/23/09 4:03pm
Msg #281838

If it is Business Process Outsourcer

Business Process Outsourcer is usually someone out of the USA.
If you want to be this type of BPO, you must first clear your
mind of any English you have learned, & speak with an accent
that the majority of the people in the USA can't understand.

Reply by MikeC/NY on 3/23/09 5:33pm
Msg #281855

You need a real estate license to do a BPO

Banks use them to set the prices on foreclosures and short sales. You have to know your market, have access to the comps, and know how to price a house to sell quickly.

Reply by Vicky Lawson on 3/23/09 6:31pm
Msg #281869

In our state of Virginia you must be licensed in real estate to do a BPO. BPO is Brokers Price Opinion.