Question Details

Lyle Wolf, Real Estate Pro in Morristown, NJ

What do you think about an interior BPO where the agent doing it never went to see the house?

Asked by Lyle Wolf, Morristown, NJ Sun Jun 10, 2012

Instead he paid a non licensed person to go there and just take photos for him to use.

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Answers

5
If I have someone with me while I do the inspection, I might ask them to take pictures while I make notes. But I'd never ask them to take pictures of things I haven't seen with my own eyes. I agree with previous answers - that's what the client is paying for.
0 votes Thank Flag Link Mon Jun 11, 2012
I know the ones I receive say your assistant(s) can take the pictures as long as your complete the forms.

I take my own pictures. I guess some are too busy.
0 votes Thank Flag Link Sun Jun 10, 2012
Not only is this practice wrong but it effects the ability to sell a property and creates inaccurate comps. It is extremely frustrating.
0 votes Thank Flag Link Sun Jun 10, 2012
Whatever your opinion may be about BPOs, this is just plain wrong. The bank or asset company is paying a licensed real estate professional for an interior broker price opinion. This includes taking pictures of the inside of the property, assessing the overall condition of the property and noting if any repairs need to be made.
0 votes Thank Flag Link Sun Jun 10, 2012
When I was doing BPO's, a few years ago, they would add an extra $10-15 bucks for interior shots so I had to make an appointment to get in with the resident. I think the bank requesting them just wanted to see what the inside looks like for their own knowledge more so than for a valuation reason. I still had to go back to the office and dig up comps for active and solds. When I did interior shots it rarely made any difference to the value I came up with as opposed to the ones where I drove by and took 5-6 pictures from the street. If the company requesting the photos does not say the agent had to do it then I see no problem in it since the person is not there to talk price or anything else that requires a license. There were a lot of rules but I don't recall them saying I was the one who had to go in the house, they just wanted a picture of all bedrooms, kitchen and living room. It's like hiring a home inspector, they take pictures inside too.
0 votes Thank Flag Link Sun Jun 10, 2012
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