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Akil Walker, Real Estate Pro in Bowie, MD

Has anyone seen a benefit from the "advanced" portion of the CDPE compared to the regular CDPE designation?

Asked by Akil Walker, Bowie, MD Mon Jan 16, 2012

I had an advanced CDPE but dropped the advanced portion and monthly charges, and return to a regular CDPE. Has anyone seen benefits from advanced CDPE portion.

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The only value I have seen is on a franchise basis. REOs will only be sent to agents with some distressed property designation. This is a bank to franchise relationship.

With the exception of the above I have to agree with Laura and Roxanne. There is a perception of value, but the true validation is in the money. No one to date has been jumping up and down with any results to report.

Seems agents will buy anything! There's a new 'investment' certification coming to your email soon. Really! Do you think an investor will ask for your certification or do they want to hear about your deal.

OMG, IMA, TWT might be a good set of letters for some to collect.
1 vote Thank Flag Link Tue Jan 17, 2012
Hi Akil
I have the CDPE & opted for the advanced service portion with the monthly fee a few months ago. It is supposed to have advantages but I haven't seen any change yet either. I guess I'll give it a chance to see if I benefit from it by Spring also.
1 vote Thank Flag Link Mon Jan 16, 2012
Good afternoon,
I have the regular CDPE but in Maryland you also have to have a Credit Service Business License thru DLLR if you are doing short sales. There are two types of credit service business: credit repair and loss mitigation. My license is for loss mitigation. This law was placed into effect for short sales in 2010. Before I got this license I asked DLLR if this applied to real estate agents and at first I was told no but then a month later I received a call from the assistant atty general and he stated that they changed their mind. Please call me at 410-320-8343 if you have any questions. Be careful if you are doing short sales without this license and the agreements that need to put in place with the sellers besides the listing agreement because you breaking MD Law and there are fines, and/or jail time.
1 vote Thank Flag Link Mon Jan 16, 2012
Honestly I don't see the need for this or the other short sale designation. I list short sales and no one ever asks if I am certified, just if I have listed them before. I agree with Laura about using an outside negiator as well.
1 vote Thank Flag Link Mon Jan 16, 2012
Hi Akil,

Due to the new regulations on short sale negotiations and the possible ramifications after sale (deficiency judgements etc.) I've actually opted to use a professional negotiator so that the only portion of the sale I handle is the marketing and contract. We've had great success in getting short sales approved and deficiencies waived with a local firm. I think it's GREAT to have the designation but for the knowledge not the practical application. I've not heard anyone say that the advance (payment) is of benefit.
1 vote Thank Flag Link Mon Jan 16, 2012
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