One of the many advantages of being part of the NAR family is the opportunity to work with other NAR departments to create member benefits for REALTORS®. Earlier this year, RPR began discussing the potential of leveraging RPR’s relationships in the lending industry to add value to a new BPOR Resource Certification program being designed by NAR’s Business Specialties group.
The result is a dynamic new BPOR Certification program being offered by NAR to its members. The first class was conducted during the NAR Mid-Year meetings this past May in Washington D.C., and since that time over 1500 members have taken the one-day class. As more information has been made available this summer over 75 providers around the country have scheduled classes in their local markets, with 31 scheduled for September alone. The list is growing every day.
RPR has arranged for members who complete the certification to receive preferred status for BPO orders in their market, receive orders through our partnerships with leading BPO management companies and to make money. Last month alone, the members receiving orders, and completing BPOs through this program made an average of $400 in additional income each. In addition, as a technology company, we were also able to develop NAR’s first fully-automated ecommerce system to manage the certification process. Through additional video instruction, RPR is also able to provide “best practices and techniques” straight from the lenders to the participants. It is important to note that while RPR is highlighted throughout the course, you do not need to be in a current RPR live market in order to earn the BPOR Certification or to receive orders.
How to get started
- First find a class near you, or enroll online.
- Complete the one-day class and pass the exam
- Complete the one-time application fee at bpor.org
- RPR will enroll you as a preferred BPO provider so that you can receive your orders, and update your new education status in NRDS
The cost of the in person class is set by each local provider. The online class is $125, and the one time application fee is $199, with no annual renewal or additional fees, as long as you maintain membership in NAR.
What happens next?
Once you have completed these steps you are ready to receive orders as members of the preferred BPO panel. You are also entitled to:
- Use the BPOR Certification in your personal marketing.
- Receive “best practices” updates from lenders
- Be included in the BPOR directory listing on REALTOR.org and REALTOR.com®
It has been an exciting and rewarding process to partner with NAR on a program that has such potential to bring such additional value to agents and brokers across the country. Look for RPR to participate in many more initiatives in the near future, as well as the release of exciting projects this fall, such as the RPR Broker Tool Sets.
Dale L. Ross
CEO-Realtors Property Resource