The Phil Leng Team

The BPO

My friend said casually, in an off hand way - Well, I'm doing a lot of BPOs.

I said, "You are doing a lot of WHAT's?"

He looked at me quizzically and repeated. "I'm doing a lot of BPO's"

"What's a BPO?" I asked, innocently enough.

The astonishment he felt was mixed in with the goodness of his character, but he still had a look of alarm, and a certain amount of disdain.

"You DON'T know what a BPO is?"

"No - I don't know what a BPO is. So - shoot me!"

He paused. He knew me as a joker, and maybe this was just one more example of the set-up, before the zinger.

I apparently was holding out pretty good.

He proceeded, ready for the quick interjection of "Just kidding! Of COURSE I know what a BPO is!"

But that burst accompanied by the short laugh didn't come.

"A BPO is when the bank asks you to do a mini appraisal."

But you still didn't say what a BPO WAS..."

"Oh, Broker Price Opinion."

"Broker Price Opinion? Why don't they call it a CMA?"

"Well, this is for the banks. That is what they call it."

" Broker Price Opinion. I have never heard of that."

"Really. I mean, honestly, you had NEVER heard of a Broker Price Opinion?"

"No. So color me STUPID!"

"No no no no! I'm not trying to put you down.

But really? You had NEVER heard of a Broker Price Opinion."

Thus - my introduction to the world of the BPO.

 

I got it. I got it! I got it!

 

 phillengteam.com

The Phil Leng Team

206-409-6600

philleng1@gmail.com

http://www.ilovekirkland.org

http://www.kirklandhomevalues.com

 
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Comment balloon 3 commentsPhil Leng • January 16 2010 06:38AM
The BPO
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My friend said casually, in an off hand way - Well, I'm doing a lot of BPOs. I said, "You are doing a lot of WHAT's? " He looked at me quizzically and repeated. "I'm doing a lot of BPO's" "What's a BPO? "… more
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