WASHINGTON – May 16, 2011 – With a changing real estate landscape and increased use of broker price opinions (BPOs), the National Association of Realtors® launched a new certification, BPO Resource, recognizing Realtors who have completed NAR’s new BPO education program. The new certification course was introduced at the Realtors® Midyear Legislative Meetings & Trade Expo.
The BPO Resource certification 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. The course also helps members identify and use effective tools for BPOs.
In addition to completing the course, participants must take a free webinar, maintain their NAR membership and pay a one-time fee to obtain certification. Once awarded certification, Realtors completing the course will be eligible to receive BPO orders through a partnership with Realtors Property Resource.
“As the real estate market evolves, we are seeing more demand for broker price opinions, and it’s imperative that Realtors are knowledgeable and educated about how BPOs work, as well as the risks involved,” said NAR President Ron Phipps. “The BPO Resource certification not only adds value to the services provided by Realtors, but also it helps practitioners grow their business.”
© 2011 Florida Realtors®
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