Course Description:

The National Association of REALTORS® (NAR) is offering a new certification, Broker Price Opinion (BPO) Resource (BPOR). The new 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 will explore 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.

BPOR Certification requirements:

Following are the four steps required to earn the BPOR Certification:

1. Be a member in good standing with the National Association of REALTORS®
2. Complete the one-day core course: "BPOs: The Agent's Role in the Valuation Process"
   
   1. Find a live lecture or Face2Face class near you at www.car.org/education/calendar
   2. Online course
   3. Successful completion of this course meets the elective course requirement for REBAC's ABR® Designation
3. Submit BPOR application with a one-time $199 certification fee
4. 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.

Registration:

To register for NAR's BPOR core course near you, visit the C.A.R. Education Calendar.
Or take the BPOR online course.

How you will benefit from taking the BPOR certification:

• Prepare accurate and professional BPOs.
• Evaluate market valuation tools for the most productive preparation of BPOs.
• Identify and weigh all significant factors influencing the creation of a useful valuation.

What the BPOR certification provides:

• Eligibility to receive BPO orders - click here for more details
  1. Licensed for a minimum of three-years
  2. Have E&O policy with coverage of at least $500k
• Usage of the BPOR letters after your name and in your marketing materials
• BPOR digital certificate
• Differentiation as a BPOR in the Realtor.org Online directory
• Logo files that can be used on business cards, email signatures and print ads
• BPOR pins
• No annual certification dues (must maintain membership in NAR to use BPOR)
• Personalizable press release
• Free BPOR webinars

This course will cover:

• 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
• Manage confidentiality
• Explain lockbox etiquette
• Explain considerations when adjusting
• Describe factors other than comps that help determine market value
• Photo specifications
• Describe the components typically found in BPOs
• Select appropriate comps
• Adjust comps in determining the market value of a property
• Completing the BPO Form

Who should attend:

This course is designed to help any residential real estate agent or broker ready to enhance their skills in creating BPOs, reducing risk, and applying alternative valuation methods.

Instructor:

For Instructor Bios click here.