Secrets To Build Your Real Estate Career
There are some secrets to build your real estate career that other agents do not want you to know about.
These are no longer the days when anyone can take a class, pass the test, hang their shingle outside their door and start making money selling houses without knowing what they are doing.
The foreclosure and short sale market has changed things drastically for agents, and has made many agents choose to find another career.
There is a secret to build your real estate career though, and that is BPOs (or Broker Price Opinions).
A Broker Price Opinion is when a licensed agent is hired by someone to evaluate the condition of a property, the surrounding market and determine an accurate market value for the subject property.
In the past few years the number of foreclosures and short sale properties has been increasing, they are estimated to be near 10 million through 2012.
This has created a great need to have accurate market values for properties in asset manager portfolios.
As a licensed agent you can actually get paid for each report, most of these companies will pay from $45-$125 per report.
Not only will you be involved in a business that brings you regular monthly work with paychecks, and removes the reliance on unpredictable commission checks, this is the gateway to bring you the lucrative REO and short sale listings.
These asset managers are bombarded by agents who want to break into this business so they have a steady source of business.
Most will only look at agents who have been performing BPOs for them.
This is a way to see how reliable an agent is, and how knowledgeable they are in their specific market.
It is important to find the BPO companies that are reliable themselves.
Because this is such a booming industry there are some companies that have proven not to be so reliable in paying agents for the work they do.
There are many companies with great reputations though, and these can prove to be a great resource for agents.
Not only will you have the monthly paychecks, you will become an absolute expert in your area, your current clients will see that you are the expert the lenders are turning to, and you will be building your reputation to gain those REO and short sale listings that are not going away any time soon.
These are no longer the days when anyone can take a class, pass the test, hang their shingle outside their door and start making money selling houses without knowing what they are doing.
The foreclosure and short sale market has changed things drastically for agents, and has made many agents choose to find another career.
There is a secret to build your real estate career though, and that is BPOs (or Broker Price Opinions).
A Broker Price Opinion is when a licensed agent is hired by someone to evaluate the condition of a property, the surrounding market and determine an accurate market value for the subject property.
In the past few years the number of foreclosures and short sale properties has been increasing, they are estimated to be near 10 million through 2012.
This has created a great need to have accurate market values for properties in asset manager portfolios.
As a licensed agent you can actually get paid for each report, most of these companies will pay from $45-$125 per report.
Not only will you be involved in a business that brings you regular monthly work with paychecks, and removes the reliance on unpredictable commission checks, this is the gateway to bring you the lucrative REO and short sale listings.
These asset managers are bombarded by agents who want to break into this business so they have a steady source of business.
Most will only look at agents who have been performing BPOs for them.
This is a way to see how reliable an agent is, and how knowledgeable they are in their specific market.
It is important to find the BPO companies that are reliable themselves.
Because this is such a booming industry there are some companies that have proven not to be so reliable in paying agents for the work they do.
There are many companies with great reputations though, and these can prove to be a great resource for agents.
Not only will you have the monthly paychecks, you will become an absolute expert in your area, your current clients will see that you are the expert the lenders are turning to, and you will be building your reputation to gain those REO and short sale listings that are not going away any time soon.
