BPO Chapter 1 Exercises

3 Questions | Total Attempts: 119

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Your BPO Guide: Chapter 1 The BPO Profession


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Questions and Answers
  • 1. 
    What is a BPO?
    • A. 

      Takes less time and is less detailed than an appraisal.

    • B. 

      It is similar to a Comparative Market Analysis.

    • C. 

      Provides an estimate of value.

    • D. 

      All of the above.

  • 2. 
    Who orders BPOs?
    • A. 

      Banks.

    • B. 

      Wall Street Firms.

    • C. 

      Private Mortgage Insurance Companies.

    • D. 

      All of the above.

  • 3. 
    Why do real estate agents complete BPO's?
    • A. 

      To get REO Listings.

    • B. 

      To waste time.

    • C. 

      To learn about their neighborhood.

    • D. 

      Because they have to.