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Thats alot of money for information you can get for free just by going to the BPO section of this forum. That's where you learned too by your own admission.

Thanks very much for your feedback!
I feel super happy to have learned about BPO's in general and am really fortunate to be able to provide a service that is helping other agents break into the 'hard to crack,' BPO arena.
I am really enjoying interacting, assisting and getting to know agents all over the United States!
Thanks to everyone on this forum for your support!
Best to you, Nicole

Yeah, I agree, that's a bit high! You've only been in this business for 3 months and you're a trainer now? Ha!

I'll sell a list of 140+ companies with web links for only $25.00!

Hi all!
Thanks for your time and for your interest!

In this area of business, having just over 1 year being licensed in real estate & almost a year of experience in BPO work, you would definitely be regarded as a "newbie".

How can you offer significant training to agents with such a short time in this business? How did you build a list of 120 companies in such a short period of time? I've been in the REO & BPO business for 15 years and I've built my contacts as a result of my years of experience with lenders and through other professional relationships. I've developed my skills in providing valuations through many years of working alongside an actual appraiser. I go WAY back to the "old days" when we had to mail in photos for BPOs! I know that I was nowhere near ready to actually offer training or advice to someone at the 1-1.5 year mark in my career. Reading a manual should not be considered a replacement for a mentor.

I apologize if I sound skeptical but it appears that your main focus & experience is in the business of selling eBooks and lists, not through actual long term REO & BPO experience.

Just curious & concerned that the lack of proper training (and testing) for inexperienced agents, may result in a negative for all of us in this area of business.

I've offered my contact list to a select few members here on this forum that either assured me that they had significant experience or had a mentor already. Certainly not to just anyone and everyone.

I hope that you'll at least recommend that anyone buying your products will seek out a mentor to help them to become a true, knowledgeable professional.

Take care & good luck!

Someone PM'd me and I deleted the message by mistake.

Thanks for your interest and for your thoughtful post Gulf Winds! (I know your neck of the woods very well and used to live in Pensacola a few years back, beautiful place!)
I really have a lot of respect for agents and brokers who have been in the Real Estate arena for many years. Plus, I am blown away to be in a position to help some of these same people learn about Broker Price Opinions and REO's.
I don't claim to be an expert or boost about having soooo many years in the business. Instead, my focus is helping other agents and brokers learn about something that has not only changed but transformed my life! I can only hope that this sideline within the Real Estate field will treat them just as well. I just want to make the information easier to access and as simple as possible to understand.
On an end note, I can only hope that everyone who is a Real Estate Agent understands that their broker is supposed to be someone who they can go to when they have questions, need training in a specific area or simply when they want to know how to do something like be able to effectively pick comps for a CMA that they are doing (whether that be for a prospective client or for doing their first BPO order). For those that do not have a supportive broker or someone that they can go to when they need questions answered then I hope that they have access to empowering information that will help give them what they need to be successful!

Best to all of you,
Nicole

I wholehearted agree with Gulfwind, especially the comment about your focus and experience is in the business of selling ebooks.

This is exactly why this forum is such a wonderful and diverse place! You can share your personal thoughts and opinions for those who care to learn, listen and possibly take some time out of their day to educate themselves.
Just to clear the air, my main goal is not to see how much wealth I can accumulate from selling eBooks, but simply instead to give other agents and brokers an opportunity to have access to trusted and high-quality material where they can learn more about Broker Price Opinions.
I learned a lot about Broker Price Opinions from many sources, but still my learning curve was pretty steep in the first few months. My thoughts in making my BPO Manual were to share my personal experience and any information that I could so that I could enable them to expand their thoughts on how to make money within Real Estate.
All in all I personally feel that every agent and broker should be told about BPO's and REO's right after they receive their Real Estate License. That way they can make an educated guess as to what direction they prefer as well as enjoy the benefits that BPO work offers in helping supplement their income. Who doesn't want stability in their job, in their life and in their finances? This is just my two cents!

Tell the truth Nicole...Your main goal is to make money by teaching not doing but by teaching others how to do bpos. Your comment on that agents and brokers should be told about BPOs and REOs after they receive their License is just proof of your inexperience!

I wholeheartedly stand behind my statement of saying that I feel that every Real Estate Agent and Broker should be told about BPO work just after getting licensed! By doing BPO work within my 1st year of getting into Real Estate I had learned a tremendous amount about how to do accurate CMA's and value pricing of various types of homes. This skill alone has helped my confidence level, plus it has helped make me a more educated and knowledgeable Realtor.
I am out in “the field,” everyday. I drive all over my local area and gain more insight into new neighborhoods, into what inventory is available on the market, and really I get to enjoy learning something new everyday. This beats saying back at the office and doing cold calls any day!
For many people just taking the risk to venture out in Real Estate field alone can be so overwhelming and scary at times. It helps to be involved in being proactive and open to learning about your market. Doing BPO orders gives you this opportunity! It really helps tremendously to actually see the various neighborhoods that are in your local community as well as know that you are learning how to more accurately find out the values of many homes, duplexes, condos and manufacture homes that you encounter while doing your BPO orders. This way you are building up your skills and can use them to benefit you in other areas of your career. Who does want that?
Doing BPO work gives anyone an opportunity to be successful! It is not discriminatory; it has no pre-set limits or boundaries as to determining who can perform them (other than needing to be a licensed agent, broker or appraiser with MLS access, etc.). You can be a brand new agents or a seasoned pro, it doesn’t matter! Once a door opens up to you, it is only up to you as to if you decide to take the risk and step inside and into the other side or watch as the door closes. You make what you want of BPO work and you take on as much or as little as you desire. This is the part that is soooooo cool about BPO’s! To have staying power you’ve got to build up a reputation with the companies you work for, just like you build trust, reliability and partnerships within each of your residential listing and sales clients.
Those that are meant to do this line of work, will outlast those that don’t deserve or wish to continue.

BPO's are not meant for learning or to fill up your day so that you are not sitting in a office! BPOs have serious consquences and you not realizing this is yet again proof true inexperience!! If you want to learn valuation and practice doing CMA with your broker, not on people whose lives you affect!!!! You should bedoing CMA's looking at properties and educating yourself because you are a realtor and BPO's should not be the reason why you do this things. I hope you have good E and O and product liability insurance.

You really need some integrity!!

Nichole:

I'll have to say, that your post above is the biggest diversionary use of words that I've seen in a while.

Lets revisit what you said: "I personally feel that every agent and broker should be told about BPO's and REO's right after they receive their Real Estate License."

NEW AGENT.... performing BPOs (& learning along the way) as YOU did = high possibility of flawed work. Flawed work can result in serious problems such as consumers not being able to obtain a HELOC/Refi/mortgage, unnecessary delays, untrue discrepancies and/or financial institutions making many decisions that can seriously damage their bottom line, based upon an opinion of someone that they believe to be experienced.

I think you should revisit your statement and belief that newly licensed agents/brokers SHOULD be told about this area of our business. That is the worst thing that could happen to this industry for a number of reasons!!!

You can paint any picture you want with fluffy worded posts, but the bottom line is that you are selling information and holding yourself out to be an expert trainer in a field that you have less than 1 year experience in!

You're embarrassing yourself and losing credibility with each new post. Please stop trying to convince those with FAR more experience than you that you are at a level where you can actually train others via an e-manual. The fact that you post the number of manuals you have sold is proof enough of your primary focus & goal.

You stated "I get to enjoy learning something new everyday". Yes, only if you are open to advice and willing to believe those with more experience! Maybe this can be a learning opportunity for you.

I'm sorry if this all sounds harsh but I just can't stand by any longer and read your diversionary postings that include statements that are incorrect and detrimental to our industry!

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.