Every where we look, it seems as if the real estate industry will not improve any time soon. The slowing economy has caused a surplus of foreclosed properties. Even thought the most hurt area has been in real estate, I am here to tell you not to give up on real estate.
I have experienced a decline in sales made from real estate properties. There used to be a time in which you would only need a matter of days to move a property. Today, however, this is not the case. Trying to find solutions to my declining sales, I began evaluating how to begin as a BPO agent.
So, what is a BPO agent? This is a person who is contracted by a financial institution instead of a private owner. That is the primary difference between a BPO agent and a real estate agent.
As a BPO agent, you perform an analysis of a property similar to how a comparative market analysis (CMA) is done. This analysis is done to compare the amount a property will likely sell for given the current market.
BPO agents are more desired by banks when compared to appraisers because they can be contracted out by a lower price. The BPO agent can negotiate with the financial institution the price for the analysis per property so that the negotiated price meets the need of the bank and the agent.
Because of the current state of foreclosures in America, finding qualified BPO agents is important for banks. The great demand can be easily tapped into by any realtor.
In order to be successful as a BPO agent, it is vital that you are aware of which banks and financial institutions are currently hiring BPO agents. A comprehensive list will contain the information that you need to successfully contact financial institutions to obtain BPO assignments.
Until the economy comes back strong, then becoming a BPO agent can truly help you with gaining extra income while using your current skills. This has been my source of income for some time now as I wait to get back into selling real estate.
Author: Tammie StaylorThis author has published 1 articles so far.