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.
Learning objectives:
- Define and describe a Broker Price Opinion (BPO)
- Become aware of BPO legislation
- Understand related duties and obligations
- Understand standards set by the industry with regard to:
- Know how to select comparables
- Know how to qualify and value features
- Understand BPO terminology
- Use simple mathematical models of BPO
- Improve communications with appraiser, lender, & client