If you’ve been in real estate for a while, you’ve probably heard of Broker Price Opinions (BPOs). Some agents swear by them, others dismiss them, and many simply don’t understand what they really are. Unfortunately, myths about BPOs keep a lot of agents from tapping into one of the most consistent side income streams in real estate.
Let’s clear up the confusion. Here are the five biggest myths about BPOs — and the truth that can help you start earning $1,000 to $3,000 per month.
Myth #1: “BPOs don’t pay enough to be worth it.”
The Truth: Most agents underestimate how fast and straightforward BPOs are once you know the process. A single report can take less than 30 minutes. At $40–$70 per order, a handful per day quickly adds up to $1,000–$3,000 a month in steady income. And unlike waiting on a closing, BPOs pay weekly or bi-weekly.
Myth #2: “They’re only for new agents.”
The Truth: BPOs aren’t just for rookies. Experienced agents use them to smooth out cash flow between closings, fund marketing budgets, or create predictable income while working their sales pipeline. I’ve personally used BPOs to generate six-figure annual income since 2008.
Myth #3: “The companies are hard to get approved with.”
The Truth: Yes, every BPO company has its own application process, but it’s not rocket science. Once you know which companies to target — and the right way to apply — you can be up and running in less than a week. I’ve already done the trial and error, and I share those exact shortcuts with my students.
Myth #4: “You’ll spend all day behind a desk.”
The Truth: Most BPOs are exterior drive-by inspections. You snap a few photos, upload them, and the rest is desk work that can be done from home. It’s flexible, repeatable, and designed to fit around your existing real estate business.
Myth #5: “It’s too late to get started now.”
The Truth: The demand for BPOs isn’t going anywhere. Banks, mortgage companies, and investors constantly need updated property values. Whether the market is up or down, BPOs are a must-have product — and agents who know how to deliver them stay in demand.
Final Thoughts
Don’t let myths keep you from building another income stream. BPOs aren’t complicated — they’re just misunderstood. With the right training and guidance, you can start earning steady weekly paychecks that support your business and lifestyle.
👉 Ready to learn how? Click here to see how my BPOs For Life program works
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