Again agents they want to stop you from doing BPO's:

http://appraisersforum.com/showthread.php?t=132335

When I try that link I get the main page and a notice that I am not authorized to access any forums.

Ooops, perhaps you have to register to have access. There are a *lot* of threads ranting about how they can get BPO's outlawed.

I did go ahead and register and have been reading some of those threads...also some other ones that give some insight into the appraisers' world...heck, they are just trying to make a living, like us, and, like us, they need to 'tweak' their product and polish their skills to survive.

Yes that is what they *should* do but it seems they prefer to rant, rave & organize to pressure their state legislatures to put BPO agents out of business.

Did you notice the hatefulness & complete lack of understanding of how the RE business even works?

Appraisers are doing BPO's. I know several appraisers that I work with that have lowered themselves and are now doing the lowly work of BPO's for BPO fees. Sure they would love to do a full appraisal for $300.. but $50 is better then $0.

A good question to ask is... what would NAR do if Aprraisers started selling houses? Everyone is looking out for their own self. Just read the posts on this board when someome wants "inside".

I wish appraisers *would* be required to sell RE for a few yrs. Might give them some grasp over how the industry works.

I am surprised agents are not more concerned about these efforts to outlaw part of their livlihood.

Could wake up one day soon & find BPO's are illegal in your state.

You only managed to find two and at best they passivey touch on any of your points. Hardly "a *lot*" of threads.
Great. And what you and anyone else who registers will see is that DesertRose, at best, has over stated her position.
Again, you’ve not provided one example of legislation pushed by appraisers that would out law BPOs.
Hatefulness? Complete lack of understanding? Oh goodness. Well here’s an example of hatefulness and lack of understanding; A noob Realtor asks for assistance choosing comps-
http://appraisersforum.com/showthread.php?t=131723
You’ll notice appraisers are so angry, they rant, rave, organize and are so busy pushing state legislatures to make BPOs illegal, that they take time and advise a noob on how to choose comparable’s. You’ll also notice not one person told her it should be illegal. Forgot about this thread DesertDiva, um I’m sorry DesertRose?
I’m not for two reasons: 1) There is no effort. 2) Most brokers/agents perform BPOs hoping to get listings which no one has ever challenged as anything less than legit.
Pure hyperbole.

DesertRose/Diva, you’ve trolled long enough. You posted two threads after claiming an industry wide effort among appraisers to make BPOs illegal. Funny thing is the first link is a thread lambasting http://www.bpowealthsystems.com a website that has been lambasted on this board and the other thread has to do with Clear Capitals misleading advertising. That out of literally 10,000+ threads and on a board which has at peak times everyday several hundred members logged in. As a comparison 89 members/guests were logged in to this board at the time of this post compared to 246 logged in at the Appraisersforum. All you’ve proved is that you’re a troll. And not for one second do I believe your computer crashed so you had to change user names. All you had to do was request a new password via e-mail.

So Target RE are you an appraiser or not?

I could not care less what you think/believe. But I do think this issue is important enough to share with other agents.

The facts are what they are & folks will do with them as they see fit.

Sure seems to strike a nerve with you, tho. Would you like to share the reason for that?


Desert Rose (formerly known as Loan Diva prior to computer crash)

Let us define the differences between BPO's to Appraisals.

Agents, which should be brokers, are not held to ANY rules or regulations when reporting the data. I have seen the ol' thread "How do you guesstimate the home's square footage?". Real professional there folks. You are not estimating values for Webkins, you need solid, proveable data.

BPO's are not designed to be used for lending purposes. They are designed to give a potential client (homeowner) an idea of what price the home will bring in the local market.

I am a RE agent/associate broker, member of NAR and an appraiser. I have sold several REO's, completed BPO's, turned down potential listings because the bank has some false dream by telling me what to list a home at twice the true market price. If state law says one cannot do BPO's for a fee, then that is law. If you want to make money by doing property valuations, go become an appraiser. If you were my employee making me 50% of $50, I would tell you to go to the mall and hand out business cards instead of wasting your time on something you shouldn't be doing in the first place UNLESS it was for a potential listing. I don't want to hear "I will get this REO", yep, one out of 100. Time to get back to work and make the office some REAL money and not messing with my E&O on something my state says you cannot do.