The National Association of REALTORS® (NAR) offers a certification, Broker Price Opinion (BPO) Resource (BPOR). The certification course provides REALTORS® with knowledge and skills to reduce risk and increase opportunities to create professional and accurate BPOs, as well as how to use these skills to increase their revenues.
The one-day BPOR core course is required to earn the certification. The course explores the multiple uses of BPOS, how they can and cannot be used, and how to filter and select comparables to create expert and precise BPOs.
Upon completion of the core course, "BPOs: The Agent's Role in Property Valuation", you will need to take a free webinar and pay a one-time fee to earn the BPOR certification.
Differentiate a BPO from an appraisal or CMA
Outline the Value of Company Policies Pertinent to Risk Management
Identify tools that are or are not useful in preparing effective BPOs
Explain when it is appropriate to incorporate information from AVMs when preparing BPOs
Define key valuation terms and pricing concepts
Describe circumstances in which real estate professionals should not accept BPO assignments from lenders
Explain lockbox etiquette
Explain considerations when adjusting
Describe factors other than comps that help determine market value
Describe the components typically found in BPOs
Select appropriate comps
Adjust comps in determining the market value of a property
View the free one-hour webinar. Please note: Once you complete the application and pay the $199 fee, you will need to view the free webinar, which will be available after applying. Upon completion of the webinar, you will automatically be notified that you have been approved as a BPOR.
Fulfills one elective for the ABR designation. For more information regarding the ABR designation visit our ABR Web page. This course is licensed for 3 hours of elective continuing education (CE) credit.