I am a Broker and have a few designations. Does that mean I'm more qualified than someone who doesn't have them and isn't a Broker? Not necessarily. It just means I've spent some extra time being educated than some others. The extra education doesn't hurt. What matters is if it's applied and not everyone who has designations applies their knowledge.
SR Realty http://www.RealtyBySR.com
Do I wish I had more designations behind my name? Certainly! But I'm so busy working, I don't have the time! ;-)
It would be worth adding that if I had spent $25,000 in order to append a train of letters after my name I MUST defend my choice or admit to being foolish.
Such designations, or instance CDPE, allow an real estate professional to market themselves as certified distressed property specialists. "I'm a specialists 'cause I paid for these here letters." And every year the agent gets to pay a little more to keep the letters sparking and bright.
The reality is, if you want a distressed property specialist, you need to find an agent who has successfully executed contracts and negotiations for buyers and sellers. As Jeanne suggested, the proof is in the results. PERIOD.
To suggest there is any validity in the alphabet train, one must confront the many redundant designations. Now which is better, CDPD or SFR? The alphabet train, for the most part, is a successful marketing ploy to separate agents from their money and feeds the egos of real estate people. The money is made by these organizations. Egos and guilt are very expensive travel companions.
Please don't confuse my comments and think the alphabet train is necessarily detrimental. It just isn't beneficial, in any way, to a home buyer or home seller.
Ask, 'What deals have you closed the last six months?" Then follow the bread crumbs.
Best of success to you,
Annette Lawrence, Broker/Associate
Remax Realtec Group, Palm Harbor, FL
727. 420. 4041
If nothing else these agents have shown the willingness to spend their hard earned monies and invested additional educational time, then it would normally be required, in order to render a more professional service to Buyer/Sellers.
Yes, additional education resulting in obtaining multiple designations can only be a good thing.
To put it in a more practical term, I would ask anyone, would you be inclined to use a General MD, or someone who is specialized, indeed he is a Certfied Surgeon for your heart operation ?
Cliff, hire whomever you feel confortable working with, and in the end with all things being equal I suggest that you select the agent with the multiple designations.
I think Jessica Ballas answered the question correctly below. We live in a society where intelligence is measured by how many certificates/designations you have earned for completion of courses. My advice is to interview a few Agents prior to making a decision. Find out there experience in the area and in Real Estate,Finance & etc. There is more to a good Agent that just designations that you will need to base your decision on.
You will be able to determine after interviewing several Agents which will be the right one for you.
In general I would say yes. The person with multiple designations has taken the time to attend specialized classes and in many cases continuing education to maintain their accreditation status. However, I've seen cases where such agents have little to no experience so my best answer is that a combination of provden experience AND accreditations would make for a better informed agent.
In my opinion it shows a person who is dedicated to their profession and willing to take the time to further their education in their field. It's no different then any other professional person, who goes the extra mile, to gain additional skills or training.
Some designations are harder to obtain then others. A Commercial Realtor with a CCIM designation represents the very elite in the Commercial Real Estate Field.
Certainly, in order to get a "certification," you have to "qualify." So those people are qualified for the requirements of that certification.
As a practical matter, only a very small percentage of agents will work only with buyers or only with sellers. You can check into the designation to find out what the requirements are.
I can tell you that very few of us have ever done a transaction with another agent and thought, "Gee, I bet that agent has (such and such) designation!" So perhaps the benefits aren't immediately apparent.
On the other hand, education is a valuable thing, so maybe it does make for a better agent.
All the best,
Perception is everything and those little alphabets after someone's name can be impressive and certainly can be an indication they are very serious about what they do.
In hiring a Realtor, most buyers and sellers first have to like the person. It is a long road with a lot of bumps and there has to be trust that you know your Realtor can handle the driving.
All Realtors can transact as seller brokers or buyer brokers; that indicates whom you represent.
If you are interviewing a Realtor to sell your house, interview more than one. I would like to know that they provide you with a written Marketing Plan (marketing is what home sales is all about) and show you on paper the recent sales for comparable properties in your area.
There are a lot of other items to look for in interviewing and selecting a Realtor. Feel free to give me a call at 631-425-6150 and I will be happy to discuss the various aspects.
This is about you and your comfort level; selling or purchasing a home is a big step.
There is a lot of smoke and mirrors in this business - do not fall prey to it!
Good luck and best,
Unwavering Commitment to Service, Unsurpassed Results