O'Reilly logo

REO Boom: How to Manage, List, and Cash in on Bank-Owned Properties: An Insiders' Guide for Real Estate Agents by Tim Shah, Aram Shah

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

art

Conducting the Perfect BPO

THE PERFECT BROKER PRICE OPINION (BPO)

I remember when I first learned about BPOs. I had no idea what it was. One person told me it stood for “best price obtainable.” Someone else told me a BPO is only used for short sales. After several months, I realized that BPO stands for “Broker Price Opinion” and it was one of the biggest assignments I ever had. It was tough. On my first BPO, I spent two nights back to back changing and revising, thinking out loud, “What does the bank want to see?” I had no idea. I was scared, but at the same time, I was excited.

The broker’s price opinion is used by the bank as a resource to ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required