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

1514 topics, 14412 posts — Last Post 04/24/14, 05:53PM

BiggerPockets Exclusive PRO Area

117 topics, 841 posts — Last Post 04/23/14, 08:28AM

New Member Introductions

11000 topics, 86710 posts — Last Post 04/24/14, 09:56PM

Real Estate Success Stories

400 topics, 6221 posts — Last Post 04/24/14, 05:13PM

General Real Estate

General Real Estate

Buying & Selling Real Estate

6008 topics, 47315 posts — Last Post 04/24/14, 10:18PM


651 topics, 5873 posts — Last Post 04/24/14, 03:20PM

Get Foreclosure Help - Help Stop Foreclosure Forum

317 topics, 2561 posts — Last Post 04/23/14, 08:28PM

Home Owner Association (HOA) Issues & Problems Forum

238 topics, 1611 posts — Last Post 04/23/14, 04:02AM

Do it Yourself

660 topics, 6334 posts — Last Post 04/24/14, 08:31PM

Reviews & Feedback

Real Estate Deal Analysis and Advice

3718 topics, 29817 posts — Last Post 04/24/14, 09:08PM

Real Estate Guru, Book & Course Reviews and Discussions

1140 topics, 11616 posts — Last Post 04/24/14, 08:58PM

Ask About A Real Estate Company

743 topics, 7348 posts — Last Post 04/24/14, 03:12PM

Real Estate Investing

Real Estate Strategies


5647 topics, 44019 posts — Last Post 04/24/14, 10:14PM

Rehabbing and House Flipping

3354 topics, 31121 posts — Last Post 04/24/14, 08:41PM

Real Estate Development & New Home Construction

554 topics, 4696 posts — Last Post 04/24/14, 09:03PM

Innovative Strategies

705 topics, 6044 posts — Last Post 04/22/14, 04:06PM

Tax Liens, Notes, Paper, & Cash Flows Discussion

869 topics, 6706 posts — Last Post 04/24/14, 08:29PM

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

700 topics, 4961 posts — Last Post 04/24/14, 11:26AM

1031 Exchanges

143 topics, 1063 posts — Last Post 04/24/14, 11:10AM

Foreclosure Investing

General Foreclosure & Pre-Foreclosure Forums

1693 topics, 11322 posts — Last Post 04/24/14, 10:10PM

HUD, VA, and Tax Sales

416 topics, 3103 posts — Last Post 04/23/14, 02:29PM


1217 topics, 10604 posts — Last Post 04/24/14, 07:13AM

Short Sales

1539 topics, 13154 posts — Last Post 04/23/14, 08:25PM

Landlord & Tenant Forums

Landlord & Rental Property Questions

7260 topics, 71291 posts — Last Post 04/24/14, 09:37PM

Mobile Homes & Mobile Home Park Investing

639 topics, 5146 posts — Last Post 04/24/14, 05:13AM

Investor Basics

Starting Out

7739 topics, 60737 posts — Last Post 04/24/14, 09:18PM

Investor Psychology

434 topics, 6132 posts — Last Post 04/24/14, 09:03PM

General Real Estate Investing

4733 topics, 37341 posts — Last Post 04/24/14, 09:51PM

Real Estate Investor Marketing

1740 topics, 14165 posts — Last Post 04/24/14, 05:08PM

Commercial Real Estate

Commercial Real Estate Investing Forum

1414 topics, 9022 posts — Last Post 04/24/14, 04:12PM

Multi-Family and Apartment Investing

1125 topics, 9421 posts — Last Post 04/24/14, 10:04PM

The Business of Real Estate

Real Estate Technology and the Internet

Real Estate Technology, Social Media & Blogging

645 topics, 4913 posts — Last Post 04/24/14, 12:21PM

Business Basics

Goals, Business Plans & Entities

836 topics, 7599 posts — Last Post 04/24/14, 08:45PM

Real Estate Finance & Legal

Financial, Tax, and Legal

Tax, Legal Issues, Contracts, Self-Directed IRA

2806 topics, 20152 posts — Last Post 04/24/14, 08:36PM

Property Insurance

312 topics, 2059 posts — Last Post 04/24/14, 10:22AM

Personal Finance Discussion

330 topics, 2754 posts — Last Post 04/22/14, 12:06PM

Loans, Mortgages, Credit Lines

Private & Conventional Lending Discussion

2854 topics, 19852 posts — Last Post 04/24/14, 09:30PM

Creative Real Estate Financing

1222 topics, 8875 posts — Last Post 04/24/14, 10:28PM

Crowdfunding Real Estate

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

Real Estate Professionals

Real Estate Professionals

Real Estate Agents

1219 topics, 8057 posts — Last Post 04/24/14, 10:08PM

Bankers, Lenders, and Mortgage Brokers

442 topics, 1931 posts — Last Post 04/23/14, 09:04PM


268 topics, 1689 posts — Last Post 04/24/14, 05:05PM

Local Real Estate

Local Real Estate

Local Real Estate Networking & Recommendations

2023 topics, 11777 posts — Last Post 04/24/14, 09:52PM

Americans & International Real Estate

162 topics, 572 posts — Last Post 04/24/14, 03:31AM

Foreigners Buying in the USA

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

Canadian Real Estate

66 topics, 442 posts — Last Post 04/24/14, 09:50PM


Real Estate Marketplace

Real Estate Marketplace

15102 topics, 54176 posts — Last Post 04/24/14, 10:05PM

Real Estate Events and Happenings

169 topics, 2629 posts — Last Post 04/24/14, 10:28PM


Off Topic


2909 topics, 32451 posts — Last Post 04/24/14, 07:22PM

Housing News & Real Estate Market

923 topics, 8398 posts — Last Post 04/24/14, 09:05PM

BiggerPockets Real Estate Investing Summit

97 topics, 1752 posts — Last Post 04/23/14, 04:51AM

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