BPO Resource Certification
Earn the Broker Price Opinion Resource Certification
According to NAR estimates, more than 10 million BPOs will be ordered in 2011. Whether you are experienced at preparing broker price opinions (CMAs) or are new to the business, this brand-new certification course from NAR will provide you with the knowledge and skills to reduce your risk and increase your opportunities by creating professional and accurate BPOs.
Take the Class
The one-day course “BPOs: The Agent’s Role in the Valuation Process” is required to earn the certification. During the core course, BPOs: The Agent’s Role in the Valuation Process, you will gain the knowledge and skills to evaluate a property and learn to efficiently generate accurate and professional reports. In addition to completing the course, viewing a free one-hour Webinar and submitting an application with a one-time certification fee are required. Upon earning the certification, you will be eligible to receive BPO orders.
Find Orders Near You
BPO orders are available in all 50 states for members who earn BPOR.
To earn the certification, REALTORS must:
- Take the BPOs: The Agent's Role in Valuation Process course.
- Complete a one-hour free webinar.
- And, submit a one-time application fee ($199).
REALTORS who earn the BPOR certification:
- Are eligible to receive BPO orders through a partnership with the REALTORS Property Resource (RPR).
- Are not subject to annual dues other than REALTOR membership.
- May be easily located at REALTOR.com by consumers and at REALTOR.org for referrals.
The current housing market presents many challenges to our real estate industry, few more important than valuation. Evaluating properties 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 techniques.
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 government 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.
How it works
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.
Learn more by visiting: BPOR.org