Friday, March 7, 2008

Questions about BPO's?? What A Real Estate Virtual Assistant Can Do?

With the surge of foreclosures, more real estate agents are incorporating REO services into their business. As they accumulate more, they are realizing that they need help to complete the BPO forms and the REO Listings.

I have been contacted by several agents over the past months that need this assistance.

But some are not sure how an online real estate assistant can help them. It is important to be able to delineate the tasks that the agent is able to do and those that the assistant can do.

For example, some agents contact me and state that they want me to give them a list of institutions that they can work with and how to obtain more BPO's from the institutions. Some even want me to help with the valuation of the REO property. It is important to know that it is the responsibility of the agent to search, apply and develop a relationship with REO institutions. And also to take care of duties such as valuation of the property. Knowing this can help the work process flow more smoothly when an agent is working with a real estate virtual assistant.

One important point to remember is that the real estate assistant is there to help once the agent has obtained the BPO and/or the REO Listing. The assistant can capture, fill out and obtain comps for the BPO Form. The assistant can also help with the administrative duties for the property preservation, REO Listing and even the REO Reimbursements.

These are just a few experiences that I have had and thought I would share them to help agents who are searching for BPO/REO services.

If anyone has any other experiences or suggestions, please feel free to share them!

Roxanne Tidmore, NAR Certified REPA

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