Exhibit 99.3

                         BLUE RIDGE REAL ESTATE COMPANY
                             BIG BOULDER CORPORATION

                           NOMINEE HOLDER CERTIFICATE

      The undersigned, a bank, broker, trustee, depositary or other nominee of
subscription rights (the "Rights") to subscribe for and purchase shares of
common stock of Blue Ridge Real Estate Company ("Blue Ridge") and Big Boulder
Corporation ("Big Boulder") (collectively the "Company"), without par value,
pursuant to the rights offering (the "Rights Offering") described in the
Company's prospectus dated _______, 2005, (the "Prospectus"), hereby certifies
to the Company and to HSBC Bank USA, National Association, as Subscription Agent
for the Rights Offering, that (1) the undersigned has exercised, on behalf of
the beneficial owners thereof (which may include the undersigned), the number of
Rights specified below pursuant to the Basic Subscription Privilege (as defined
in the Prospectus) of beneficial owners of Rights who have subscribed for the
purchase of additional shares of the Company's common stock pursuant to the
Over-Subscription Privilege (as defined in the Prospectus), listing separately
below each such exercised Basic Subscription Privilege and the corresponding
Over-Subscription Privilege (without identifying any such beneficial owner), and
(2) each such beneficial owner's Basic Subscription Privilege has been exercised
in full:



                                                                        NUMBER OF SHARES SUBSCRIBED FOR
     NUMBER OF SHARES OWNED ON THE  RIGHTS EXERCISED PURSUANT TO BASIC   PURSUANT TO OVER-SUBSCRIPTION
              RECORD DATE                 SUBSCRIPTION PRIVILEGE                   PRIVILEGE
                                                                  
1.

2.

3.

4.

5.

6.

7.

8.

9.

10.


Provide the following information, if applicable:

______________________________________________________________
Depository Trust Company ("DTC")
Participant Number

By:____________________________________________________________________________
Name:
Title:

_______________________________________________________________________________
DTC Basic Subscription Confirmation
Number(s)