Eliza most of them are similar to ERC forms. If you are having problems sit down with your broker for instructions.

the bpo forms are similar to doing a cma for a client interested in selling their home as far as looking fo comps. However, if the bpo is for a bank, you should focus on REO properties. most of the time, the bank or bpo company provides you with the bpo form and depending on what information they need, they may ask you about market trends, the number of regular listings compared to the number of REO listings. they will want to know if your area is in a declining market and what percent per month it is declining, etc.

Mainly, the BPO company will ask you to gather the most comparable properties within 1 mile if it is in a suburban area, perhaps within 5-10 year range and within a +/- 200 sq.ft. range.

I hope this helps.

Regards,

Claudia M. Rothwell, ABR®
REALTOR® DRE# 01747984
Accredited Buyer Representative
2008 CENTURY 21 Quality Service Producer
Search ALL active listings in the MLS at http://www.claudiamorales.net
Follow me on twitter.com/c21agentCLAUDIA
Century 21 Fairway Realty
(760) 662-9388 cell
(800) 736-0075 toll free
(760) 245-0257 fax

Many companies will have their own forms, but they will pretty much ask for the same information.

The Little Book of BPO Companies

try bpoaccess.com I found a long list of all the companies to sign up with there!

They are actually quite confusing at times. I have done a couple for REOtrans.com and they have absolutely no instructions. If you ever took an appraisal course, you should be able to figure out the form. Study old appraisals and read up on the appraisal process. That should help you with any BPO.

Good luck!

I have completed many what is your question? The instructions should straight forward.