Being a short sale agent in Temecula, I understand the difficulties of the job and how complicated it may get during the whole process. Well, National Association of REALTORS® has come up with a program to help realtors throughout the country. Short Sales and Foreclosure Resource Certification, also called as SFR®, is designed to help agents in understanding the basic concepts of short sales and how to handle foreclosure transactions successfully.
SFR® framework is designed to fulfill the basic qualities of managing short sales and foreclosures in real estate agents. As one of the responsible members of short sale agent community I would like to explain some basic information about the course.
Important aspects of Short Sales and Foreclosure Resource Certification
SFR® contains detailed course and training for understanding these transactions. Some important points discussed in this certification are discussed below.
•How to qualify sellers for short sale proceedings?
•How to direct distressed sellers to finance, legal, and tax professionals for help?
•Tips for developing attractive short sales package
•How to safeguard your discussed commission?
•How to negotiate with lenders?
•How to limit the risks involved in overall process?
•How to tap into the demands of the buyer?
•How to protect your buyer?
In short, it will help in boosting the confidence of agents while handling short sales and foreclosures. According to some experts, after considering the large number of short sales and foreclosures in our country this was a necessary step to boost the confidence of agents as well as sellers.
How to get SFR® certified?
The steps to get Short Sales and Foreclosure Resource Certification are discussed in this part of the article. I have a rich experience as short sales expert in Temecula and I am also SFR certified..
1.You should be a member of the National Association of REALTORS®.
2.You have to complete one out of the available courses.
a) REBAC’s Short Sales and Foreclosure Course: What Real Estate Professionals Need to Know
b) CRS 111: Short sales and Foreclosure: Protect Your Client’s Interest
c) CRS112: Guiding the Buyer in Distressed Property Market
3.You have to fulfill the elective requirement.
a) View free of cost three 1-hour webinar.
b) Complete on day HAFA Short Sales- U.S. Treasury, Fannie Mae, and Freddie Mac Program Course
4.Submit official SFR application along with the $175 fees.
With my rich experience as a successful short sale agent in Temecula, I also have my SFR Certification. If any agents are considering this certification please feel free to contact me. I'd be happy to answer any questions.
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