Lets Face it, today's market (depending on geography) isn't exactly screaming profit, but yet there are people out there still able to put food on the table. One method of doing so in these times is by offering BPOs or Broker Price Opinions to banks looking to short sell or foreclose on a property. These BPO agents are making upwards of $50k per year on a part time level. With foreclosure rates still holding steady in a majority of the country, BPO agents are more in demand than ever.

The standard tasks a BPO agent performs are geared towards helping the banks give the property in question a fair market value price. Something us Realtors should be used to accomplishing already, just a little bit more specific paperwork involved.

The usual BPO consists of photographs of the current condition, documentation of any repairs needed to bring the property up to par, neighborhood information, and of course, your professional opinion of the properties value. This on average, can be accomplished within a 30min visit to the property.

One of the best advantages to becoming a BPO agent is the fact that most banks (with the fast pace the banks are working at :)) take so long to close on these distressed properties, that they usually need 2-4 BPOs done per property. The average BPO agent earns around $50 per BPO. Not bad for a 30 min drive by.

Just an option

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