Hmmm, you mean like this?
(setq Pt1 (getpoint"\nPick point for the elevation: "))
(command "-insert" "spot" pt1 1.0 1.0 0.0)
(setq Pt2 (getpoint Pt1 "\nPick elevation label point: "))
(setq BkName (if (> (car Pt2) (car Pt1)) "SpotRight1" "SpotLeft1"))