Given the current situation of the US economy and housing market, many real estate agents are really struggling because the times are so hard. However, there is a group of agents that continues to be extremely successful because they have discovered an “insider secret” of how to leverage the BPO REO industry to make money in real estate – despite even the bleakest conditions of the economy or real estate market.

This “insider secret” allows them to make money on two different levels. First, they make up-front money from simply completing the BPO orders themselves. But, the ultimate purpose of this process is to exploit the relationships you will be forming with banks and other holders of properties that need to be sold to get the listings from them – since you are on the inside track.

First, you need to begin making money as a BPO agent by completing broker price opinion evaluations of the value of properties for banks and lenders. Banks and lenders have a constant need to know the value of properties they have in their inventory, and the BPO or broker price opinion process helps them quickly and affordably determine the value of a property. It is much faster and more affordable than hiring a licensed appraiser, and also offers a great additional stream of income for real estate agents and brokers. Fortunately, any licensed real estate agent or broker can become a BPO agent and begin making money this way.

In order to become a BPO agent, you will first need to sign up with banks and lenders. This is where the list of BPO companies comes in. You will need a recent and accurate list of the best companies to sign up with for maximum results. At the end of this article, you will learn how you can get one of the best and most complete lists for only a few dollars, so you can immediately begin applying with all these companies.

Once they have approved you, the lenders will begin sending you BPO orders to fulfill. Then, as long as you complete the BPOs successfully and within the required time frame, the lender will send more orders for you to complete – and, of course, pay you for completing them! The orders you will receive will vary in complexity – some BPO orders only require you to photograph the exterior of the home, while others will require you to enter and photograph the interior as well. You will also generally be paid more the higher the complexity of the order, and some of these may be rush orders which typically pay more as well.

Once you are comfortable with the broker price opinion BPO process and have built rapport with the lenders and asset managers, you can begin to leverage and exploit these relationships to get GREAT listings for yourself and your office.

As you can see, the Broker Price Opinion industry has a lot to offer real estate agents and brokers, and you can now begin taking advantage of it yourself now that you know how to start!

Click below to get started on the right foot with the best list of BPO companies.

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