24-Hour Responsible Broker Renewal Package With NAR Ethics

You’ll learn from experts who have prospered in their real estate careers by working with distressed property transactions. Foreclosed and short sale properties were very prevalent after the housing bubble burst, but their numbers are much lower today. Still, there are homeowners who want to consider short sales as a way to avoid foreclosure, and there are lenders that want to reduce their inventory of foreclosed properties. This real estate market is one way to expand your business while serving the needs of sellers, buyers, and lenders.

This course is designed to show you how to complete a quality broker price opinion report. We’ll begin by comparing BPOs to appraisals and explain why the BPO has become a favored report in recent years for lenders. This course covers the entire BPO process including how to get registered, the different types of BPOs, the requirements of each and how to complete a BPO form. Proper inspections and data gathering are critical aspects of the BPO. We’ll show you how and where to find this information. Finally, as with all appraisers and agents, there are safety considerations to keep in mind when going to a property. We’ll review precautions you can take to stay safe in the field.