REALTOR® Property Resource (RPR) is a FREE REALTOR® only tool provided by the National Association of REALTORS®.

 

 

The users of the RPR™ model are commercial enterprises and real estate brokers, but the ultimate beneficiary of its output is the consumer. The RPR valuation model uses a blended approach to calculate value; it uses property characteristics, sales history of comparable properties and

real-time MLS pricing information. The model allows REALTORS® to fine-tune values of specific properties based on their first-hand knowledge of property conditions.  The RPR™ model not only blends other model types, it improves accuracy by adjusting the weighting of its component models and variables.

Objectives: 

To educate real estate professionals on the real estate market research and valuation tools that consumers can access online. To provide the pros and cons of automated valuation models (AVM) and how they obtain and calculate data. Explain how RPR™ tools help real estate buyers and sellers make informed decisions. Instruct REALTORS® on how they can combine their specific expertise with RPR™ enhanced MLS data, tools and reports to benefit clients and customers before, during and after

the real estate transaction.