The Value of Designations

By
Real Estate Agent with Coldwell Banker Elite 0225076067

In the day and age of foreclosures and short sales ruling our world, I believe it is so impressive to see so many taking advantage of their time to earn new designations relevant to today's economy. I'm finishing up the SFR designation through NAR. Many of the colleagues in my office have already done so. Years ago it seemed we only took the designations to have beside our name. Now, after taking this class, that NAR offers, I'm starting to realize that those of us who are taking advantage of the extra education, I've actually learned something! I've also realized that the pressure to rush through the class to get the designation is lost if you don't retain it and use it to better your business. This is what we are doing at my office.

                                                                                                   

I've taken numerous REO certification classes because the REO companies I represent often require training classes. I think I have 2 or 3 certifications now in REO. It is however, more specific to their system, and not so much what REO and the process represents. This class provided instruction throughout the process of a short sale and foreclosure and answered questions for me that after 3 years of REO I was unaware of. Thumbs up to NAR for an informational class that many of us will use in this economy!

Posted by

Melissa Stewart

Licensed Realtor in the Commonwealth of Virginia

Coldwell Banker Elite

(540) 809-4547

www.mykinggeorge.com

Comments (3)

Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Melissa....

In all honesty, sometimes I do not know what some of those designations mean. It apparently says that you know something, but unless the person clicks with you....the desigantions may not get a chance to go to work.

Apr 22, 2010 09:49 AM
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

I agree with Richie. When you are going to specialize in a particular type such as REOs or distressed properties, the more education the better. But there is always more to it than just alphabet soup. I just saw a Trulia post where an agent started crowing about her SFR certification to a REPRESENTED consumer and trying to entice them to contacting her. I though 'Geez Louise, you should have taken a COE class instead!' :)

Apr 22, 2010 09:55 AM
Melissa Stewart
Coldwell Banker Elite - King George, VA
Your King George Realtor!

I agree with both of you. I'll just say I've never been one that has been a huge person to pursue designations, and I'm really happy I took this one. I am one of the few in the office that work with REO, and when they had the training at our office, I thought, I'm not going to go, heck, I could teach it! But was impressed with it, it held my attention which is pretty hard to do. It isn't about the designation, it is all about better serving your client whether it be Freddie Mac or your next Buyer. Knowledge is power.

Apr 22, 2010 10:01 AM