Realtor Property Resource
Question: What is Exclusive to REALTORS®, can access over 166 million parcels, displays 1.9 million active listings, 130 million tax records, 162 million deeds and 8.2 billion valuations? Answer: Realtor Property Resource (RPR). RPR was created by the National Association of REALTORS® to give agents one website that provides detailed information on residential and commercial real estate allowing them to increase their business and customer satisfaction.
Game Changer! Imagine retrieving property facts and historic data, demographics, school information, flood zones, tax data, mortgage information and more from one website and create a current, accurate, comprehensive CMA report in minutes! If I haven't got you searching the internet yet, read a little bit more and you'll get the website.
Don't you love explaining your value of a Seller's property against their AVM "zestimate" from Zillow? RPR takes the MLS data and public records that are updated daily to create a more accurate value - giving a range of actual price by 10% (plus or minus). RPR takes the Automated Valuation Model (AVM) and the REALTORS® Valuation Model (RVM) and creates a range of pricing using a five star rating. The higher the star rating, the level of confidence the system has in the value of the property. In other words, a property is more likely to sell at a price close to the estimated value when its RVM confidence score is high. A five-star confidence score means that you can expect a property to sell at a price within 10 percent of the property's estimated value. Use this as a basis of value/pricing discussion in your listing presentations.
Members of NABOR can access this information on their desktop and mobile devices. All you need is your NERDS number and your MLS ID to sign up on www.NARRPR.com. Be sure to download the app so it is on your mobile devices. Classes are being offered at NABOR but if you are like me and want to get started right away, go to www.blog.narrpr.com for training.
Written By: Kathy Zorn