Washington, August 26, 2009
Nearly one-third of all existing homes sold recently were either short sales or foreclosures, according to National Association of RealtorsÂ® data. To help RealtorsÂ® meet the needs of home buyers and sellers who need these services, NAR has launched a new Short Sales and Foreclosure Certification Program (SFR).
â€œForeclosures and short sales can offer opportunities for home buyers, but itâ€™s extremely important to have the help of a real estate professional like a RealtorÂ® for these kinds of purchases,â€ said NAR President Charles McMillan, a broker with Coldwell Banker Residential Brokerage in Dallas-Fort Worth. â€œRealtorsÂ® add value to the real estate transaction with their extensive knowledge and market insights, and this new certification will help them serve a growing need.â€
The SFR certification program is offered by the Real Estate Buyerâ€™s Agent Council of NAR. The program includes training on how to manage short-sale, foreclosure, and real-estate owned transactions, and provides resources to help RealtorsÂ® stay current on national and state-specific information as the market for these distressed properties evolves.
To earn the certification, RealtorsÂ® must complete a one-day education program, either in-person or online, as well as three one-hour Webinars. The certification program will be offered at the REALTORSÂ® Conference & Expo in San Diego, Nov. 13-16.
â€œAs RealtorsÂ®, we believe that any family that loses their home to foreclosure is one family too many,â€ said McMillan. â€œUnfortunately, there are situations in which people just cannot afford to keep their homes. A short sale can help families protect their credit by avoiding a foreclosure. When a foreclosed or REO property is sold, it helps the surrounding community by reducing the impact of those properties on home values in the immediate area.â€
For more information regarding the SFR Certification visit www.realtorSFR.org.
The National Association of RealtorsÂ®, â€œThe Voice for Real Estate,â€ is Americaâ€™s largest trade association, representing 1.2 million members involved in all aspects of the residential and commercial real estate industries.
Bennington VT, Press Release