Learn the standards, procedures, methods of adjusting and calculating the BPO. This 3-hour session is used to explain duties and responsibilities associated with the BPO assignment; professional standards for selecting comparables; grading conditions; and how to adjust comparables to calculate value. Concepts taught in the course are valid for CMA, BPO and general valuations.

Course enables students to:

• Define and describe a BPO
• Know the Recent BPO Legislation
• Understand related duties and obligations
• Understand standards set by the industry regarding:
  • Selecting Comparables
  • Know how to qualify and value features
• Understand BPO terminology
• Use simple mathematical models of BPO
• Improve communications with appraiser, lender, and client