Comparative Market Analysis and Broker Price Opinions (Iowa, 3 hrs)

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

$30.00

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
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Hours 3