Many agents rush through BPOs and don't take the time to do a good job on the comps and give a proper value recommendation. However, the BPO is an important tool for an AM to do his strategy and submit to the committee for approval. Once a strategy is approved the asset is listed and becomes part of the AM's portfolio. AM's are compensated and rated on many factors. One of those is the percentage of FMV the property sold for. AMs get pretty ticked off when a property sells far below the BPO he took into consideration to get his strategy approved. Not only does it throw of their required % to meet goals but also makes them look incompetent in front of superiors. Some agents brag about how many BPOs they do and wonder why they don't get any REO listings. It's about quality and not quantity if you're looking for REO listings!