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I think that eventually they will go back to paying more for a bpo and using good agents. It annoys me when new agents get work that I used to get.
I agree on the rejections. I did BPOs for 10 years before I got one and now I get them all the time. I an sure it is because my value does not match what they want to hear. It is a waste of my time to go back and look up the properties they "suggest" I use but I do it just to prove to the that my report should stand as it is. I think I have only conceded a couple of times because one comp was actually better and I had missed it. It did not change the values I had estimated. I worry about taking any suggestions that affect value because we are not supposed to take any outside influence on our reports so I feel that includes the company that hires us.
I also remember when I had a respectful relationship with the BPO companies that we worked for. They paid me on time and called me when I did not respond to an order in the normal time frame. Now you are not even important enough for some of them to bother paying in a timely fashion.
Turing 66 in a few days, start SS checks coming in every month 2K+, I don't need the micro managing of BPO any longer, it was good in the hay days when you got paid a decent fee but now it's just downright stupid what these companies are asking for, along with the fees that are getting less and less. It tickles me when I see BPO's come up for $30. because I know there is some staving Realtor out here doing them, thinking they're making money, when it turns out at the end on the day they are losing $$$ do to time traveled, insurances ( auto, Real Estate, commercial tag, wear & tear on your auto, health ins and so on), gas expenses, auto maintenance ( oil changes, tires, wipers), office supplies- computers and now more time doing the darn BPO, $30 not possible.
My fees for all companies take it or leave it 1-5 miles $50. 5-10 miles, $60, after that $75. 10-15 miles, after that $100, 15-25 miles, I've gotten upwards of $195 to go 30 miles for a BPO, this is what I can live with and make a few bucks after expenses.
Talk to those people doing BPO's for $30-40 and ask them how much they are making at the end of the day.
I believe that if we as Realtors doing BPO's stand our ground fees could go back up, of course there's always that one that would upset the balance and these companies know this.
Lots of luck to all, let's go make some $$$
I am with you Donald! I won't do an exterior for less than $50 and it has to be under 10 miles from me or it goes up. Interior I won't do for less than $65 if it is under 10 miles. I would never do a BPO for $30. Even if your broker does not take money out you still make nothing after you time, gas and expenses. If we all stand together and refuse to take those orders the prices will go back up.
Anyone used ATPR SmartVal? Any feedback?
What is it?
I got an offer to sign up? ATPR also shows up as SmartVal, sounds like a BPO agency. Couldn't find anything negative on google, but who knows?
I looked them up. They have a legit website and multiple services like title services. If it doesn't cost, I'd sign up.
Anyone had any experience with SmartVAl BPO company?
Time for a new discussion, Sharon. I stopped following this discussion a looooong time ago.
SmartVal is a product of ATPRInc & SLK Global Solutions America.
Due to an increased volume of BPO orders, we are adding Brokers / Agents to our database and yes, we have been sending out invitations. SLK Global Solutions America & ATPRInc commit to paying on time.
SLK Global Solutions America is a wholly owned subsidiary of the parent entity SLK Global Solutions. Founded in 2001, SLK Global Solutions delivers comprehensive services, products, and solutions driven by technology for the banking, mortgage and title industry. It has an established footprint in the USA, the Philippines and India.
SLK’s banking and financial services customers include:
- Large regional U.S. Banks
- Large and mid-size U.S. Title Insurance Companies
- Mid size U.S. Mortgage Services Companies
- Large Third-Party Payment Processing Companies
ATPRInc - American Tax & Property Reporting is a leading provider of products and comprehensive solutions related to real estate information. View our family of products at: http://www.atprinc.com/about-us.aspx
If you would like additional information or would like to join us, please contact me at: Barbara.Buskey@slkgroup.com.
Hello everyone. I have not posted anything for a long time. I wanted to ask you if you know of a valuation company called Valuation Connect. Are they good? Do you recommend them? Thank you very much for sharing.