Comparative Market Analysis (3 hrs, Guam)

This course covers Comparative Market Analysis and Broker Price Opinions (BPOs), an opinion of value developed according to industry standards by a real estate licensee.

$39.95

This course defines the BPO as an opinion of value developed according to industry standards by a real estate licensee. It describes standards,  procedures, methods of adjusting and calculating the BPO. The three 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.

Learning objectives:

  •  Define and describe a BPO
  • Know the Recent BPO Legislation
  • Understand related duties and obligations
  • Understand standards set by the industry with regard to:
  • 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