Course Description
ourse Description Any licensed agent can take this class and do BPO’s for financial institutions. To be enrolled in the Preferred Provider Program: You must be a member in good standing in the National Association of REALTORS® to earn BPOR. After completing the one-day class, “BPOs: The Agent’s Role in the Valuation Process,” you will submit the BPOR application and fee, view a free, online Webinar, and then you will receive priority BPO orders as a preferred provider, through a partnership with Realtors Property Resource®. Your MLS does not need to be signed up with RPR in order for you to receive BPO orders through this program. Please note that you must have been licensed for at least two-and-a-half years and have an E&O policy with $250,000 minimum coverage per incident and $500,000 aggregate maximum in order to be enrolled in the preferred provider panel. In addition, you may be required by certain companies to complete a criminal background check in order to receive assignments in the following states: AK, AZ, CA, CO, FL, IA, IL, IN, KS, MA, ME, MN, MO, MS, NH, NY, OH, OK, SC, TX, VA, WA, and WI. Evaluating property values depends more than ever on professional expertise and competence, the best use of technology, and a commitment to approach the valuation assignment from all pertinent perspectives. “BPOs: The Agent’s Role in the Valuation Process” is specifically designed to help residential real estate agents and brokers enhance their skills in creating BPOs, reducing risk, and applying alternative valuation methods. Learning Objectives At the conclusion of this course, students will be able to: • Prepare accurate and professional BPOs. • Evaluate market valuation tools for the most productive preparation of professional and accurate BPOs. • Identify and weigh all significant factors influencing the creation of a useful valuation.
