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Steven, Other/Just Looking in Los Angeles, CA

Do I need to be certified to become a BPO and if yes what's a good place to be certified?

Asked by Steven, Los Angeles, CA Wed Apr 1, 2009

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Steven in California you do not need a special certification to complete BPO's. All you need to do is sign up with the various BPO companies, be a licensed real estate agent and wait, they will come.

Good Luck,
2 votes Thank Flag Link Thu Apr 2, 2009
Hi Steven,

I am not sure about California, but in Maryland you don't need to be certified to do Broker Price Opinions, however, the lenders require that you have a real estate license. Typically, when a property is about to go to short sale or forclosure, a bank/lender will have an agent/broker either drive-by the property or attempt an interior inspection and give their opionion of the value of the property. It's a much cheaper option for the bank than an appraisal.
Web Reference:
1 vote Thank Flag Link Thu Apr 2, 2009
become a BPO? what do you mean? BPO in Real Estate lingo is the Broker Price Opinion . That is what is ordered from a licensed Real Estate Agent as another alternative than using an appraiser to value a property. Hope that clarifies...
1 vote Thank Flag Link Wed Apr 1, 2009
Here are two free list with over 100 companies:

No certifications are needed. Just a foot in.
0 votes Thank Flag Link Sat Sep 18, 2010
Carmen, wrong again. Do you even know RE terms?
0 votes Thank Flag Link Thu Apr 2, 2009
I don't understand the question you are asking. Sorry!

Patti Phillips
"Advice You Need, Attention You Deserve"
0 votes Thank Flag Link Wed Apr 1, 2009
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