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Sign into your accountRPR Integrates with ClimateCheck to Offer Property Risk Ratings
April 26 2022
RPR (Realtors Property Resource) announced a new data set for its users. This resource is made available to REALTORS in RPR via an integration with ClimateCheck.
ClimateCheck is a climate risk data provider that combines real estate, science and technology experience. Its goal is to empower all commercial and residential stakeholders -- buyers, owners, brokers, investors and lenders by exposing and quantifying the risks related to the climate crisis. This information is designed to help property owners make a more informed decision about how to manage, sell and buy real estate.
"Climate change can have an impact on your cost of ownership – insurance and utility costs and your quality of life," says Cal Inman, CEO of ClimateCheck. "Access to this information and a risk assessment is a smart first step for current property owners and potential buyers."
RPR has added ClimateCheck to the "Additional Resources" section of the Property Details page. Here's what users can expect when they click on this new feature:
- ClimateCheck rates a property's future risk of climate change-related hazards and assigns a rating from 1 to 100, with 100 representing the highest risk.
- The future date is the year 2050 — a period within the lifespan of a 30-year mortgage signed today.
- Ratings are displayed in a "climate change risk snapshot" for each of the five hazards rated: drought, fire, storm, heat, and flood.
- Ratings are available for on and off-market residential and commercial properties
REALTORS® can click through to the ClimateCheck website to get a climate rating focused property report, which can then be emailed or printed to share with clients.
"Pairing with the ClimateCheck resource adds another layer of information for REALTORS® to identify climate risks and be able to suggest simple ways to adapt properties so they are more resilient to extreme weather hazards. Understanding each risk—heat, fire, storm, drought, and flood—has become a crucial part of home ownership, and now REALTORS® can share this information with their clients", said Jeff Young, Chief Operating Officer and General Manager of RPR. "Additionally, commercial practitioners are considering climate related factors in their allocations, investment strategies, risk analysis and site selection."
ClimateCheck in RPR went live on Tuesday, April 26. See for yourself by visiting RPR today.