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BPO? Business Process Outsourcing? Nah. In the real estate industry, BPO means something else. It's called Broker Price Opinions.
What is that? It is quite similar to an expanded CMA (Comparable Market Analysis) except that brokers do this for banks and asset managers. In times like this when many properties are foreclosed, brokers doing BPO work may find it to be a worthwhile activity.
Want to know more about BPO? Then read more about it here in Realty Times.
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