• To provide you with up to date, top-quality information, training and educational materials on the topics of Broker Price Opinions and how to automate your BPO and REO Business.
Training Courses

'Broker Price Opinion Basics 101' was the only course in existence, anywhere that was offered as a live accredited classroom based course that was taken by Washington state real estate professionals. Today, we offer a non-accredited version of the course is also available nationally and is taught in a live classroom based setting once a month.

Please note: the live course was approved on June 1, 2010 (Course Number 7051) through the Real Estate Board within the Department of Licensing in Washington state for 9 clock hours / continued education.

The non-accredited version of 'Broker Price Opinion Basics 101' course focuses on information that is contained within the popular book titled, "All You Ever Wanted to Know About Broker Price Opinions," that was first written by our lead instructor and the founder of BPO University, Nicole Ocean back in 2006. This ‘how-to manual’ offers 130+ pages that also includes an up-to-date list of company names and direct links to sign up with 120 National BPO, REO and Asset Management companies.

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Topics Covered Within The Course Include:

Module One (Approximately 15 minutes)

  • What Exactly is a BPO?
  • Definition of a BPO Report
  • Common Reasons Why BPO's Are Used

Module Two (Approximately 30 minutes)

  • Introduction to “Broker Price Opinion Basics 101”
  • Who Is Allowed To Do BPO Work?
  • Why Do BPO’s?
  • How Much Can You Expect to Make?
  • Types of BPO Orders
  • Typical Fees for BPO Orders
  • Trend in Price Reduction of Fees
  • When Will You Get Paid?
  • What Do You Need to Sign Up?
  • What Type of Equipment Do You Need?

Module Three (Approximately 15 minutes)

  • Current State of the BPO Industry
  • Why is BPO Work Available?
  • Reasons for the "Mortgage Meltdown"

Module Four (Approximately 30 minutes)

  • Common Myths in the BPO Business
  • What States Is It Illegal to do BPO's?
  • - Regulations Explained
  • - Places to go to Check Local Regulations
  • You Need Special Designation or Certification to do BPO's
  • There's Too Much Competition Now
  • There Isn't Enough Work for Everyone
  • One BPO / REO Company Has All of the Work
  • Companies Aren't Accepting New BPO Agents
  • Top 10 Companies Who Are Still Accepting New BPO Agents
  • You Won't Be Able to Get Any REO Listings
  • BPO's Won't Be Around Much Longer Anyway

Module Five (Approximately 30 minutes)

  • Sample BPO Forms
  • Main Types of BPO Forms
  • - Sample Freddie Mac 1092 BPO Form
  • - Sample Fannie Mae BPO Form
  • Sample Photos of the Subject Property
  • Sample Interior Photos
  • Sample Comparable Photos
  • Extra Photos
  • Small Group Activity: "A Day in the Life of a BPO Agent."

Module Six (Approximately 15 minutes)

  • Basic Concepts to Know Before Filling Out a BPO Form
  • Life Cycle of a BPO Report
  • Property Types
  • Property Styles
  • More Important Concepts to Know

Module Seven (Approximately 1 hour)

  • Introducing the "Broker Price Opinion Standards and Guidelines."
  • Making History by Creating Standards and Guidelines
  • History Behind NABPOP's BPOSG
  • Quick Breakdown of the Standards and Guidelines
  • Broker Price Opinion Standards
  • What Are the BPO Standards?
  • - Limitations
  • - Ethics and Conduct
  • - Competency
  • - Applicability
  • - Records
  • - Disclaimer

Module Eight (Approximately 1 hour)

  • Broker Price Opinion Guidelines
  • What Are the Broker Price Opinion Guidelines?
  • - Guidelines to Consider When Doing BPO Orders
  • - Comparable Selection and Utilization
  • - What If You Have To Go Out Further to Find Good Comps?
  • - When Picking Comps.......Compare "Apples to Apples"
  • - Variance Range for Square Footage
  • - Variance Range for Lot Size
  • - Variance Range for Age
  • - Understanding Room Count
  • - What is Not Not Considered a Room?
  • - Understanding Bedroom Count
  • - Understanding Bathroom Count
  • - Physical Characteristics
  • - Comment, Comment, Comment
  • - Comparable Selections Based on Market Conditions
  • - Normal Market
    - Stable Market
    - Rapid Market
  • Lack of Comparable Properties
  • Comparable Application
  • Basement and Below Grade Areas
  • BPO Commentary and Applicability
  • Rating the Property / Neighborhood
  • Understanding Photo Requirements
  • - Exterior Inspection Photos
    - Interior Inspection Photos
    - Extra Photos
    - Exceptions.........Don't Take Photos of.......
  • Which BPO & REO Companies Use NABPOP's BPOSG?
  • Individual Exercise "Quick Exercise in Converting"

Module Nine (Approximately 2 hours)

  • How Do You Complete and Fill Out a BPO?
  • Overall Plan of Action
  • Let's Walk Through a BPO Order
  • Researching the Subject Property
  • - County Tax Records/Assessor's Website
  • - Assessor's Information Sheet
  • - Researching the Subject Property in the MLS
  • - Use More Sources to Verify Information
  • Find Your Comps Within the MLS
  • Filling in a Sample BPO Form
  • “Cookie Cutter Phrases”
  • How To Do Adjustments Correctly
  • Finding the Current Market Value and "Recommended Property Price."
  • Correctly Uploading All of the Photos
  • Small Group Activity: "Do Your Own BPO Now."

Module Ten (Approximately 1 hour)

  • Using Automation Software to Streamline Your BPO Business
  • Basics Concepts About BPO Automation Group's "BPO AutoFill Software."
  • - Real Case Studies
  • Individual Activity: Let's Look at a Demo of a "BPO AutoFill Macro.”
  • - Quick Overview
  • History Behind Using Auto-Accept Software
  • Basic Concepts About Auto-Accept Software
  • There Are No Guarantees.......

Module Eleven (Approximately 30 minutes)

  • Creating and Setting Up a BPO Order Tracking System
  • Backing Up Your BPO Forms, Comparables and Pictures
  • Staying Organized
  • How to Create "Log-ins" (Using RoboForm)
  • Individual Activity: "Play Around with RoboForm"

Module Twelve (Approximately 15 minutes)

  • Vendor Rating System
  • Actual Agent QC Rating Methodology
  • List of 120 BPO, REO and Asset Management Companies
  • Where to Go For REO Education and More BPO Training
  • Wrap Up
  • Question and Answer

Click Here To Sign Up To Attend The Next Live Class

Additional Course Info:

Instructor: Nicole Ocean, Lead instructor for the BPO University.

Class Sessions: Held the first Monday each month from 8 am - 5 pm CST

Location: 495 Grand Blvd #206 Miramar Beach, FL 32550

Price: $199.00 / person

Have Questions? Call us at: 1-833-BPO-LIFE

Real estate professionals all across the nation can take the non-accredited distance learning version of the 'Broker Price Opinion Basics 101' course right now in the comfort of their own home. The non-accredited version of the course is considered a home-study course where you take it at your own pace. The contents of the course is almost exactly identical to the previously accredited version. Coming Soon!

BPO Manual Info:

2nd Edition / ISBN #: 1-4392-5776-0
Library of Congress Control Number (LCCN): 2009909394