I was just informed by a BPO company that I CAN'T EVER show a property that I do a BPO on to any prospective buyers. This has never been handled this way. I was always told that I couldn't discuss with anyone client or not what the BPO value was being I had a responsiblity to my client indirectly the Bank/Mortgage Company.
Specializing in REO's and doing BPO's as a fill in,which also keeps me up to date on different market values is a good thing. It just blows my mind that this is something that this one company expects.
I knew that if I or anyone in my office had a client or self interested in the property NOW that I couldn't do the BPO--but not that I do a BPO this week and wind up with a buyer next week that the subject property meets their criteria I CAN"T EVER SHOW IT. This is even for still owner occupied properties--not even an REO or Short Sale
Any Thoughts on this???????????????
Comments
I had been asked by a different company to do an interior--it happened to be owned by an agent in my office--I was told that would be OK--I told him he better check with his supervisor--being this was on the phone--he called back and told me to forget it--I was right in telling him--yesssssssssssssss
I have asked if the limitation is to the office or extended to the company... They never came back to me. Don't Ask...Don't Tell.
I do alot of BPO's for them--I would rather not state it here but will let you know
They told me that none of the agents that do BPO's for them worry about it and have no issue with NEVER showing there listings
I did the BPO for company A that does nothing but BPO's they don't own or manage the assets even if REO's