Well I do think BPO's are a great way for an agent to get familiar w/the local market & inventory but I certainly would want to know that the broker was reviewing them prior to submission.

Probably better for new agents to spend time viewing inventory & running practice CMA's for awhile along w/shadowing a more experienced agent.

Now, this is getting very interesting! WOW, I must say that I love the critism both good and bad that my prior postings and BPO Manual has sparked. I can truly appreciate your concerns and am thankful that you feel so compelled to voice your opinion towards the prior postings!
I'll write more later tonight, but wanted to acknowledge your postings!

Yet another diversionary posting! I agree with you... this is getting very "interesting". Unfortunately, it's in a saddening, humorous sort of way!

I can see that you are one who likes to have the last word and will not stop your blathering until you do, so knock yourself out!

This is ultimately a waste of my time and everyone else who reads this thread as you still don't seem to understand what others are trying to tell you in this or the other threads that you started. All you do is post some smarmy reply that never really addresses anything other than getting in another plug for your self proclaimed success as an e-manual peddler.

Please, feel free post your retort. Alas, it will fall upon silence on my part as I don't intend to read any more of your BS.

Normally I stay out of these types of conflicts but after thinking about it I have to say I agree that agents have to take the BPO work seriously, there could be significant consequences if they are not done well. So I don't think new agents should not do BPO's but I would hope they work w/an experienced agent or their brokers.

I think the real value of the whole BPO thing is that agents should have insights into area/market quirks that the customer won't know any other way, I've often seen out of area appraisers completely unaware of a signficant market variable such as a proposed sewer system that is going to cost future buyers over $20K. I have seen appraisal reports come in stating a property was on a well when in fact it is on district water, that kind of stuff again is something a local agent knows about or how to find out. The appraiser just assumed b/c other homes in the area were on wells that the subject was also.

So yes I guess I would be concerned about telling brand new agents to jump right into doing BPO's unless the agents are getting supervision.

Alrighty then! I now have the time and energy to jump back into telling my side. I feel a tiny bit offended by how many things have been taken out of context within other people's responses to my intentionally correctly posted advertisement within the, "Products and Services for Realtors Only," section.

You should know that I purposely did not post this within the BPO/REO section and thus the written attacks you have sent my way is something that I question if for a moment and then it quickly rolls right off my back. I would on the other hand be very concerned if you actually had read through my eBook and then commented negatively about any of its contents. That would be another story all together! I’d call it an informed decision if you had read through my material and then commented on anything that catches your attention.

I already know that I will not be able to reply to everyone’s direct responses and that’s ok.

I know that you've got to have very thick skin in the real estate business, and I am not concerned with offering my information to people who already know the business inside and out. Instead, it is a goal of mine to help inform others who choose to purchase my product and give them easier access to valuable information Why hide information that is so powerful!?! I feel that it is more important to do whatever part I can so that I can truly impact other people’s careers and perhaps help them stay in the business during slow or down times in the traditional sales arena. I don't see why this information comes off as being soooo secretive and guarded!

My intent with posting my eBook advertisement is to inform other agents and brokers about a MUCH needed eBook that explains basic knowledge about Broker Price Opinions. My BPO Manual is based on my own personal experience. The contents within are guided by my own thoughts and are based on my own opinion. I've nothing to hide! Plus, I don't hold myself out to be an expert, but instead I am a BPO Specialist.

Everyone who is reading this thought provoking sequence of posts and is wanting to learn more for themselves, please do yourself a favor and take a moment to read through testimonials on my website or go to eBay and click on my feedback rating (this speaks volumes over anything that comes from my own thoughts). I have received a wide mixture of positive comments from agents and brokers across the United States. Frankly, I am flattered when I communicate with a broker that has been in the business forever and they praise me for what I have done with my eBook. They share with me that I have helped educate them about BPO's. (Plain and simple.) Plus, I get a kick out of hearing from other single Mom's and Dad's who are now enjoying a much more stable overall Real Estate career because of my BPO Manual. These are the type of people I made my eBook for!

I am going to change gears here for a moment. A veteran member commented on how Brand New Agents shouldn’t be allowed to do BPO’s and that they bring in a “High possibility of flawed work.” This makes me wonder about the fact that within most companies any agent with any amount of experience is able to join companies who offer BPO work and they don't require that there be a pre-set standard or minimum that a licensed agents or broker needs to have in the business, then why do the majority of them allow agents from all spectrums and years of expertise? They must understand that the brokers are ultimately held responsible for the acts of their contracted Real Estate Salesperson. Thus, it just makes sense that if any agent is going BPO work and has a question that they need to receive guidance and training from their broker. That is some of the reason as to why they are filling the shoes of a broker. When I first started doing BPO’s , I didn’t want to make mistakes and thus was asking questions if I was ever unclear or unsure about what I was doing.

Also, I can’t help but question as to why there has been a shift from lenders only using appraisals reports for real estate transactions, and such to trimming down to using BPO’s for many of the same situations where appraisal reports were the only choice. Money is likely to be the driving factor and profit margins must be in the back of some of their mind as well.

All of us here have had to earn our Real Estate license. This feat alone sets us apart within our field. Our license gives us a means of regulating the standards within our industry. This differentiates us from laypersons and puts us in a position of being able to offer our services to the public and to private sectors, such as BPO companies. By holding an active license that is in good standing, all of us are entitled to make a living for ourselves by any legal means we see fit, whether they are brand new to the business or have been in real estate for years. I choose BPO's and see regular commission earnings as a BONUS.

I could go on more, but mainly I had to get the above thought off of my chest. I hope you have enjoyed reading through the posts within my advertisement for my BPO Manual. I am extremely proud of what I am doing within helping to make more information available to others. If I can be of service to you feel free to contact me. Also, don’t hesitate to take some time to educate yourself about your choices. I remember what it was like when I first got into BPO’s and I’d welcome any opportunity to help answer any questions you may have! I’m glad to help and I’ll be there for you when you have questions, at no extra charge!

In closing, I honestly don't for one minute regret posting my BPO Manual on this forum. I believe in what I am doing and feel that my eBook offers a very much needed alternative to there being a lack of access to informative information. Plus, I am filling in a gap and giving agents and broker’s who are hungry for information. Thank goodness that we all have opportunity to have choices in life. Thanks very much for your time!

I feel exactly the same way I don't intend to read any more of your BS!

Please be aware that only Brokers can legally do Broker Price Opinions in some states.