Just want to know if there are other Realtor out there having success with doing Broker Pricing Options and CMAs for banks? Any good sites to go to start?
2007-12-16 18:17:09 · 3 answers · asked by Enoch 1 in Business & Finance ➔ Renting & Real Estate
Not a penny, since I refuse to do them. Lenders are notoriously slow to pay for such work, the fees paid are minimal, and most of the time the CMA or BPO doesn't get you any business in terms of listings. I leave the BPO's to the 'newbies'.
2007-12-16 21:20:37 · answer #1 · answered by acermill 7 · 0⤊ 0⤋
I don't do BPO's either. If the lender doesn't like your BPO, they won't pay, and if they do pay, it can take 2-3 months and alot of phone calls to get your check.
In my area, banks will pay about $60 for a BPO, but in some areas they will pay up to $100.
2007-12-17 06:05:26 · answer #2 · answered by godged 7 · 0⤊ 0⤋
I've heard they pay about 50 per assignment. It's one thing if you are getting 5-10 orders per day it may be worth it. As the other realtors had mentioned it looks like a bad deal.
2007-12-17 18:18:25 · answer #3 · answered by tianaramal 4 · 0⤊ 0⤋