Hello Team


Below is the e-mail I got yesterday. If some one is interested in doing Commercial BPO.


Are commercial BPOs are very difficult to do that?. And how much you can ask to pay ?






Good Afternoon,


My name is Dan Monaco and you are currently in our system to complete residential BPO’s for Secured Lending Services(SLS).  SLS completes BPO’s for HSBC and you fill the form on our site:   SLS has a sister company called National Real Estate Information Services(NREIS).  NREIS has clients that will order BPO’s with us from time to time, (you may be already completing BPO’s for NREIS).  Here, there isn’t a website that you will fill out the forms.  The form and the order itself will be emailed to you. 


NREIS has a new client that will be ordering commercial BPO’s with us.  They are Wolters Kluwer They will be ordering commercial BPO’s and commercial property profiles.  A commercial property profile is just short form of the commercial bpo.  Where we need just 3 sales and no listings. 


I’m sending this email out to our SLS agents to see if anyone does commercial work.  If you do or know anyone that is, please let me know. 


I would need to know what counties you cover and fees.   Fees for commercial exterior and interior BPO’s.  And for commercial property profiles.


Any questions, please feel free to call or email me.



Dan Monaco

Vendor Relations



Title | Appraisal | Settlement | Default       


P: 1.800.753.3339 x5954

F: 1.800.307.4118

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  • Zubaria,  have you tried contacting this Dan Monaco?  I tried the email and it came back as non deliverable?  Do you have a different email address for him?  I would also like to break into the commercial BPO business but seems to be hard to obtain within my in-house training.  Must be the competition the trainer does not want to have?

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  • I've done them for as much as $300 and as little as $50, it's all about quality. Unfortunately it seems quite a few residential-only agents complete them and the banks end up getting terrible quality on the orders. As others have said , you *Should* be a member of costar or a similar commercial real estate MLS system so you can know what kind of data to use for the orders.
    • Agreed. Without CoStar, you're screwed!

      LoopNet's comps are a joke!
  • Lighthouse is pays $75 for exterior com. order. I've done several for them.
  • I've done several for irepvm, there commercial form is one of the easier ones. They will pay $150-200 per order but it will take about 8 weeks to get paid.
  • To your questions:

    Are commercial BPOs very difficult to do? >> Only because obtaining comps is more difficult. You either need to be an expert in the area, or subscribe to databases with commercial sales data. Otherwise the BPO is easier in my experience.

    And how much you can ask to pay ? >> Typically more than a residential BPO but not enough to matter. Maybe $55 to $100. Like residential BPO's - one does them in hopes of future business (listings).

    Troy / TexasBuildingsAndLand
    • I do not remember the name of the company ,they contacted me back in feb for a commercial bpo and they were giving me $450 to complete the bpo .which I have refused it. I guess it depends if there are not enough commercial realtor in the area the price go up. One can always negotiate the price with these comPanies.As we all are hearing now it is time for the commercial reo's
      • I've never been offered more than $125. You are probably right that it is a supply vs demand priced item. It would benefit you to determine your resources for comps prior to deciding to accept one. Best wishes. Troy
  • We do commercial orders, but haven't done any for them. It really depends on the form as to what the charge should be. I have done them for clients that send a typical res form- which is a pain in the..., and other clients have Excel docs and ask for GRM, NOI, Cap rates etc. In those cases you would need to know the formulas to calculate. Ask to look at the form before you accept an order.
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