What is the usual BPO fee?

[Doug Wegener]

BPO's

My father's friend can give us lots "BPO" (Broker Price Opinion) work.

My father and I haven't agree yet, because we simply didn't state how much we would like to charge. Personally, I am not even sure what BPO is, how much work is involved and what forms to use. Anyhow... if I were to do some BPO, how much should I normally charged? Can this work be used for hours toward an AR license? Please tell me yes.

PS: my father and I work together for years...

I think $50 to $75 is pretty typical. Lots of BPO mills out there that seldom give iistings but are using BPO's to replace appraisals.

Also, many, many unllicensed office staff doing these for realtors.

 

[Dale Smalley]

So far I have not heard of anyone getting busted by the comp cops for doing a BPO. However you just could be the first. I don't do them because the fee is too low and you still will have to chase the AMC to get paid if you get paid at all. Hey maybe you will get a listing! HA HA

 

[Mile High Trout]

The AF - Where they come to increase their earnings capacity.

Appraising is all about max bucks right!?

http://www.idfpr.com/dpr/re/ILLAppr/IllinoisAppraiserMay2011.pdf

No, wake me when it's over. No, wake me when it's over. No, wake me when it's over. No, wake me when it's over. No, wake me when it's over.

 

[Mile High Trout]

<>Hey maybe you will get a listing! HA HA

Zinger! Best.

"What's your most probable selling price for that service!?" HAHA