overview: bpos: the agent’s role in the valuation...
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Overview: BPOs: The Agent’s Role in the Valuation Process
Duration: 8.00 Hour(s) Preview: Available SKU: bpo001 Provider: National Associa- tion of REALTORS® Preview: Available Regular Price: $125.00 (USD)
Product OverviewWith the changing real estate landscape and the increased use of broker price opinions (BPOs) by market participants, the National Association of REALTORS® is offering a new certification, BPO Resource, recognizing REALTORS® who have completed NAR’s BPO education program. The new certification course provides REALTORS® with knowledge and skills to reduce risk and increase opportunities to create professional and accurate BPOs. This one-day 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. According to industry estimates, more than 10 million BPOs are performed annually throughout the country. BPOs provide critical information for decisions, and have been widely adopted as a valuation tool in the mortgage industry and – increasingly – for govern-ment programs intended to aid the economy and help homeowners avoid foreclosure. A useful summary of how BPOs are utilized is available here. For brokers and agents, BPOs provide multiple professional and financial opportunities for growth and expansion.
Upon completion of the core course, “BPOs: The Agent’s Role in Property Valuation”, members will need to take a free webinar and pay a one-time fee to earn the BPOR certification. Members who earn the BPOR Certification will be eligible to receive BPO orders and earn BPO revenue.
The average number of paid BPO assignments received by members who have completed the application process has been more than ten each month over each of the last six months of the program.
Benefits:1. Eligibility to receive BPO orders2. Usage of the BPOR letters after your name and in your marketing materials.3. BPOR digital certificate.4. Differentiation as a BPOR in the Realtor.org Online directory5. Logo files that can be used on business cards, email signatures and print ads6. BPOR pins available for purchase7. No annual certification dues (must maintain membership in NAR to use BPOR)8. Differentiation as a BPOR on Realtor.com®9. Elective course for the ABR® designation
How to become BPOR certified:• Complete the one-day course “BPOs: The Agent’s Role in the Valuation Process”
with a passing examination score of 80%.• Submit BPOR application online at www.BPOR.org and $199 one-time application
fee.• View a free one-hour webinar on BPO best practices which will be available after
you have submitted your application online.• Be a member in good standing of the National Association of REALTORS® or one of
its international cooperating associations.• Note: You must have been licensed for at least 2 ½ years and have an E&O policy
(coverage through brokerage or individual policy) with $250,000 minimum cover-age per incident and $500,000 aggregate maximum in order to be enrolled in the preferred provider panel.
For more information, visit www.BPOR.org.
Course Registration
The one-day course, “BPOs: The Agent’s Role in the Valuation Pro-cess” is required to earn the certifica-tion. At the conclusion of this course, you will be able to:
• Prepare accurate and profes-sional BPOs.
• Evaluate market valuation tools for the most productive prepa-ration of BPOs
• Identify and weigh all significant factors influencing the creation of a useful valuation
To find a course near you, visit the Center for Specialized REALTOR® Education at training4re.com.Don’t see a class near you? You can earn BPOR online.
www.learningl ibrary.com | BUILDING ONLINE REAL ESTATE LEARNING COMMUNITIES SINCE 1998. | realestate@learningl ibrary.com
Now Multi-device Compatible: take
this course on your PC, MAC, iPad or similar devices.
Continuing Education InformationIf your state is listed below, CE credit for the number of hours indicated is automatically included at no additional charge. The CE Shop manages the CE credit program for most of the REALTOR® University courses. After a course is completed, you will receive an email from The CE Shop with the steps that need to be taken to receive your CE credit.If your state is listed below with unique CE Administrator noted, CE credit is administered as per individual instructions provided and additional fee, if any, is indicated.If your state is not listed below, you may take the course and benefit from the knowledge and enhanced professionalism, but you will not receive CE credit.
STATE C.E. HOURS C.E. ADMIN FEEAlabama 6
Alaska 6
Arkansas 6
CaliforniaCalifornia DRE Sponsor No. 4883
8
Colorado 8
DelawareNote: For Delaware CE, this course falls under 13.1.1.2 in elective courses (Module 7). This course counts as 6 hours in elective courses (Module 7).
6
Florida 8
Georgia 6
Hawaii 6
Idaho 6
Indiana 8
Iowa 6
Kansas 8
Kentucky 3
Louisiana 6
Maine 6
Michigan 8
Minnesota 8
Mississipp 6
Missouri 6
Montana 6
Nebraska 6
New Jersey 6
New York 6
North Dakota 6
OhioFor CE approved courses in Ohio, you must go to http://www.learninglibrary.com/ohio
6 $15.00
Oklahoma 8
Oregon 6
Rhode Island 8
South Carolina 6
South Dakota 6
Tennessee 6
Texas 8
Utah 8
Vermont 6
Virginia 6
Washington 8
Washington, DC 6
Wyoming 6
Product ExpirationAccess to this product will expire in six months from the date of purchase (unless your state’s CE requirements are different). Following the six months, up to 2 three-month extensions can be purchased for $49 each.
Module 1: Roles and Responsibilities• Learning Objectives and Overview• Multiple Uses of BPOs• BPOs and CMAs• License Laws• Code of Ethics• Determining Competence• Company Policies and Risk Management• Record Retention
Module 2: Tools• MLS• Public Records• Realtors Property Resource® (RPR)• Automated Valuation Models (AVMs)• Other Resources• Valuation Terminology
Module 3: BPO Assignment• BPO Assignment• Managing Confidential Information• Lockbox Access• Choosing Appropriate Comparables• How Adjustments Are Determined• Other Factors in Determining Market
Value• Photo Specifications
Module 4: Putting It All Together• BPO Elements• Exercise: Complete a BPO
Course Outline
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www.learningl ibrary.com | BUILDING ONLINE REAL ESTATE LEARNING COMMUNITIES SINCE 1998. | realestate@learningl ibrary.com