From the BiggerPockets Blog

 BiggerPockets Blog »

Jump to Forum View All

Click a category below to view different forum categories.


General Info

BiggerPockets Q&A, Site Questions, & Announcements

1518 topics, 14421 posts — Last Post 04/20/14, 11:38AM

BiggerPockets Exclusive PRO Area

118 topics, 840 posts — Last Post 04/20/14, 08:09AM

New Member Introductions

10899 topics, 85733 posts — Last Post 04/20/14, 11:43AM

Real Estate Success Stories

396 topics, 6161 posts — Last Post 04/19/14, 05:20PM

General Real Estate

General Real Estate

Buying & Selling Real Estate

5945 topics, 46874 posts — Last Post 04/20/14, 11:17AM


644 topics, 5822 posts — Last Post 04/20/14, 10:45AM

Get Foreclosure Help - Help Stop Foreclosure Forum

316 topics, 2557 posts — Last Post 04/16/14, 03:58AM

Home Owner Association (HOA) Issues & Problems Forum

237 topics, 1609 posts — Last Post 04/17/14, 08:53AM

Do it Yourself

657 topics, 6282 posts — Last Post 04/20/14, 11:17AM

Reviews & Feedback

Real Estate Deal Analysis and Advice

3683 topics, 29538 posts — Last Post 04/20/14, 10:51AM

Real Estate Guru, Book & Course Reviews and Discussions

1134 topics, 11564 posts — Last Post 04/20/14, 08:34AM

Ask About A Real Estate Company

741 topics, 7324 posts — Last Post 04/20/14, 09:33AM

Real Estate Investing

Real Estate Strategies


5606 topics, 43762 posts — Last Post 04/20/14, 09:57AM

Rehabbing and House Flipping

3333 topics, 31007 posts — Last Post 04/20/14, 09:58AM

Real Estate Development & New Home Construction

553 topics, 4685 posts — Last Post 04/19/14, 06:13PM

Innovative Strategies

704 topics, 6030 posts — Last Post 04/20/14, 10:54AM

Tax Liens, Notes, Paper, & Cash Flows Discussion

866 topics, 6678 posts — Last Post 04/19/14, 06:06AM

Rent to Own a.k.a. Lease Purchase, Lease Options

693 topics, 4904 posts — Last Post 04/20/14, 09:19AM

1031 Exchanges

143 topics, 1054 posts — Last Post 04/18/14, 08:41AM

Foreclosure Investing

General Foreclosure & Pre-Foreclosure Forums

1687 topics, 11293 posts — Last Post 04/20/14, 10:58AM

HUD, VA, and Tax Sales

415 topics, 3097 posts — Last Post 04/19/14, 10:19PM


1214 topics, 10578 posts — Last Post 04/20/14, 12:34AM

Short Sales

1534 topics, 13120 posts — Last Post 04/17/14, 04:44PM

Landlord & Tenant Forums

Landlord & Rental Property Questions

7209 topics, 70794 posts — Last Post 04/20/14, 11:46AM

Mobile Homes & Mobile Home Park Investing

638 topics, 5141 posts — Last Post 04/19/14, 09:49AM

Investor Basics

Starting Out

7709 topics, 60511 posts — Last Post 04/20/14, 11:37AM

Investor Psychology

431 topics, 6107 posts — Last Post 04/20/14, 06:04AM

General Real Estate Investing

4719 topics, 37219 posts — Last Post 04/20/14, 11:32AM

Real Estate Investor Marketing

1731 topics, 14094 posts — Last Post 04/19/14, 06:39AM

Commercial Real Estate

Commercial Real Estate Investing Forum

1410 topics, 8994 posts — Last Post 04/19/14, 04:34PM

Multi-Family and Apartment Investing

1110 topics, 9240 posts — Last Post 04/20/14, 11:22AM

The Business of Real Estate

Real Estate Technology and the Internet

Real Estate Technology, Social Media & Blogging

641 topics, 4897 posts — Last Post 04/20/14, 08:43AM

Business Basics

Goals, Business Plans & Entities

831 topics, 7562 posts — Last Post 04/18/14, 04:25PM

Real Estate Finance & Legal

Financial, Tax, and Legal

Tax, Legal Issues, Contracts, Self-Directed IRA

2788 topics, 20029 posts — Last Post 04/20/14, 09:41AM

Property Insurance

309 topics, 2045 posts — Last Post 04/17/14, 07:41PM

Personal Finance Discussion

328 topics, 2732 posts — Last Post 04/19/14, 06:57PM

Loans, Mortgages, Credit Lines

Private & Conventional Lending Discussion

2836 topics, 19714 posts — Last Post 04/20/14, 09:13AM

Creative Real Estate Financing

1210 topics, 8772 posts — Last Post 04/20/14, 06:59AM

Crowdfunding Real Estate

35 topics, 463 posts — Last Post 04/19/14, 06:24PM

Real Estate Professionals

Real Estate Professionals

Real Estate Agents

1211 topics, 7998 posts — Last Post 04/20/14, 11:41AM

Bankers, Lenders, and Mortgage Brokers

441 topics, 1922 posts — Last Post 04/20/14, 07:09AM


270 topics, 1684 posts — Last Post 04/20/14, 09:21AM

Local Real Estate

Local Real Estate

Local Real Estate Networking & Recommendations

1991 topics, 11620 posts — Last Post 04/20/14, 11:40AM

Americans & International Real Estate

161 topics, 566 posts — Last Post 04/14/14, 11:19AM

Foreigners Buying in the USA

62 topics, 409 posts — Last Post 04/10/14, 06:27AM

Canadian Real Estate

64 topics, 429 posts — Last Post 04/20/14, 08:33AM


Real Estate Marketplace

Real Estate Marketplace

15024 topics, 53967 posts — Last Post 04/20/14, 10:08AM

Real Estate Events and Happenings

164 topics, 2517 posts — Last Post 04/20/14, 08:35AM


Off Topic


2905 topics, 32411 posts — Last Post 04/19/14, 08:03AM

Housing News & Real Estate Market

914 topics, 8351 posts — Last Post 04/17/14, 08:41AM

BiggerPockets Real Estate Investing Summit

97 topics, 1751 posts — Last Post 04/10/14, 02:27PM

BiggerPockets Resources

Forums » Real Estate Agents » Why did my agent show up to a BPO with no sold comps, no documentation, no nothing?

Why did my agent show up to a BPO with no sold comps, no documentation, no nothing?

10 posts by 6 users


Wholesaler · Bay Shore, New York

I am fit to be tied. My agent tells me a BPO is scheduled for last Thurs. I ask her if she has the comps I sent her showing the exact same type of house on the next block sold for 13K less that what we listed. She said the appraisers got all the comps they need already and that they know the area. What! I always thought when agents meet the BPO agent at the property they bring something, anything that would help bring the price in where it should be. I talked to another agent who said they ALWAYS go to a BPO with comps. WTF? Am I missing something?

Mobile Home Investor · Spanaway, Washington

Yime to shop for a new agent! Finding one that can do what you want will be hard to do. Good Luck!

Wholesaler · Bay Shore, New York

What about you Realtyman? What do you do when you go to a BPO. Do you show up with empty hands?

Residential Real Estate Broker · Fort Pierce, Florida


Ask your realtor if they know the rules of Home Valuation Code of Conduct (HVCC). This may be where the problem is.

Some agent either don't know the rules or do not clearly understand what is and what isn't permissible under the HVCC rule.

The one rule of coercion is the one that some agents do not have a clear understanding. Basically, an agent cannot provide specific comps for an appraiser to use in the report. However, an agent can provide multiple comps to bring to the appraisers' attention of their availability.

It is no more than saying to the appraiser, " I know you may find other comps, but I want you to be aware that these comps are available".

Often, appraisers and realtors ( when asked to complete an appraisal or bpo) are selected from other parts of the state and may not know the particulars that make up a neighborhood.

Suggesting other comps for the appraiser to choose from does conflict with HVCC.

Real Estate Investor · Ellicott City, Maryland

I assume when you say BPO you mean appraisal in this context? If so, then yes, you and/or your agent should show up with comps, and if you're the seller, probably a whole lot more.

This is another reason to get your own license... :)

Small_lishproplogoJ Scott, Lish Properties, LLC
E-Mail: [email protected]
Telephone: 770-906-6358

Real Estate Investor · Portage, Michigan

We also have our agents provide the BPO agent with comps that support our listing and offer price as well as needed repairs with written estimates of cost. If there is anything else (such as a large employer closing a manufacturing plant) that may make a difference in value for the subject property verses the other comps, they provide that information, too. Realtyman and Stan are correct.....get a new agent that understands what can be done without violating HVCC and that wants to earn their keep!

Residential Real Estate Broker · Fort Pierce, Florida

Originally posted by Stan Jackson:

Suggesting other comps for the appraiser to choose from does NOT conflict with HVCC.

Real Estate Agent · Edmond, Oklahoma

It shouldn't be that hard to bring comps. Your agent should have them already because you used them to price your home!

Small_imageZach Sikes, The Sikes Real Estate Team
E-Mail: [email protected]
Telephone: 405-509-0541
We don't list homes, we SELL homes. The Sikes Team at Keller Williams

Wholesaler · Bay Shore, New York

Duhhh - Ya think! I'm trying to find a nice way to tell her to bring comps and a repair estimate next time.

She's got one more of my deals that will need a BPO performed.

Real Estate Investor · Portage, Michigan

Originally posted by cashboy2010:
Duhhh - Ya think! I'm trying to find a nice way to tell her to bring comps and a repair estimate next time.

She's got one more of my deals that will need a BPO performed.

I wouldn't worry too much about being "nice". She is working for you and if your requirements are that she bring comps supporting your offer and repair estimates to the BPO agent she should do it. If not, I'd find a new agent.

Sign up