Have you heard about Realtor Property Resource? Some of you may think that this term sounds unfamiliar. However, if you want to sell, buy or even you have a dream of working at a property company, you need to know about this term.
Realtor Property Resource or it can be abbreviated as RPR is defined as benefit for members of the National Association of Realtors or the NAR. A realtor, a member of the NAR, will get online access to real estate market data which are comprehensive, analytics and reports for each of NAR’s constituencies. The data includes the national database of over 147 million residential and commercial properties in the U.S. The database also includes information about permits, zoning, mortgage and lied data, foreclosure and schools. The RPR is available only to the members of NAR and it is included in yearly NAR dues.
If we talk about Realtor Property Resource, there are some websites that you can visit. In those sites, there are information about Realtor Property Resources. One of those sites is www.narrpr.com. If you visit this site, you will see that the homepage is dark blue. In the homepage, there will be two fields where you can sign in and the fileds consist of email address and password. If you have not made an account, you are able to click on “Create a new account” under the Sign in button. The tools of RPR can help appraisers to make in-depth reports using advanced analysis and property valuation best practices.
The terminology throughout the Sales Comparison Analysis feature follows the Uniform Appraisal Dataset (UAD) which is a component of the Uniform Mortgage Data Program and it is jointly established by Fannie Mae and Freddie Mac. There is are extended property facts and by those facts, it will easily adjust and weigh each comparable property. In addition, you are able to compare the pricing relationship between the subject property and the chosen comparable properties. In the site, there is valuation workbook. What is it? By this workbook, you are able to create a custom workbook full of timely data and it includes local market conditions and trends, general market health charts, inventory and comparable analysis and also enhanced detail pages for comparable properties. Each workbook cover is also able to include a Case and File ID.
Besides this site, you are also able to visit the website of www.nar.realtor. In that site, you will also get some information about Realtors Property Resources. When you access the site, you will be able to see that there are some menu in the top of the page including Real Estate Topics, Membership, Research and Statistics, Political Advocacy, Education, Events, About NAR, and Browse menu. You just need to click on the menu that you want so that you will get the information that you need. The office of it is located at 430 N. Michigan Ave, Chicago, IL 60611-4087 and DC office at 500 New Jersey Ave, NW, Washington, DC 20001-2020.