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Asked by Tina Pilot, Brick, NJ Wed Feb 16, 2011

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Answers

32
Stevens & Ma…, Agent, Centerville, MA
Mon Sep 17, 2012
Both are great designations to have.
4 votes
I know my agent has lots of designations. Which shows they are constantly getting the education required to sell homes. I think some are harder to accomplish like GRI?
Flag Tue Oct 23, 2012
My agent Kriss had many of these designations and it showed!
Flag Sat Oct 20, 2012
Thanks for the interest.
Flag Fri Oct 12, 2012
It is nice to know you have that designation.
Flag Mon Sep 17, 2012
Akil Walker, Agent, Upper Marlboro, MD
Fri Dec 9, 2011
Tina,

I have both designations as well. The CDPE course was a lot more informative and is always ongoing with emails and webinar updates on the short sale process CDPE has example packets for the short sale process you can use long after you have completed the training. Also, they allow you to return and take the class for minimal fee, which I believe is pretty cool.

I took the SFR course first and a lot people told me that I would gain a lot more knowledge from the CDPE course, and they were right. So I would CDPE hands down.
2 votes
Thanks for sharing your response.
Flag Fri Oct 12, 2012
Thanks for sharing your response.
Flag Fri Oct 12, 2012
Troy Sage, Agent, Temecula, CA
Fri Feb 18, 2011
I have both SFR and CDPE. It's very hard to compare. SFR took me roughly 30 minutes to read the material and take the test (no brainer). CDPE is a full 2 day class that not only walks you through the entire Short Sale process, but the class explains where the market has come from, where it could be going, and helps agents understand the Do's and Don'ts of Shorts Sales. I consider SFR the High School Diploma of Short Sales, but CDPE is the Masters Degree in Short Sales. Alex Charfen and the people at CDPE have had their thumb on the pulse of Short Sales since 2008. As a CDPE we are consistently being kept up to date with new happenings with the banks, federal government, and the CDPE always seems to be just one step ahead of the pack when it comes to new news regarding Short Sales. I can't say enough as to how CDPE has helped me over double my business, but more importantly has allowed me to help more homeowners in distress than any other certification. CDPE is not just content, it's content wrapped around a system of Tools, Forms, and Checklist that will get you to a successful closing.
Web Reference:  http://www.SageHelps.com
2 votes
Dan Desmond, Agent, Forked River, NJ
Fri Dec 9, 2011
I have both and think CDPE and the entire organization is superior.
1 vote
Pacita Dimac…, Agent, Oakland, CA
Fri Feb 18, 2011
I took the 2-day CDPE class and highly recommended it to my broker at that time. Since then, he has also brought many of the agents at his brokerage to attend the class.

When I joined my current brokerage, I was glad to see that taking the CDPE class is required for any agent listing/selling short sale.

I attended the refresher 1-day class held at one of training centers at my company, and was impressed again by the depth of what CDPE offers. And they're constantly adding services, such as webinars. There are blogs and forums. It's an ongoing learning experience.

If you're going to sell distressed properties, you owe it to youself and your clients to be a CDPE.
1 vote
Thanks for your response.
Flag Thu Oct 18, 2012
Daniel Sando…, , Long Beach, CA
Fri Feb 18, 2011
You want to know the truth....I highly advice CDPE, its a 2 day class and its alot that you need to learn. The sfr is party of the nar but it tries to cram everything in one day and everyone comes out like asking questions how to still do a short sale. Everyone in my office that took SFR still ask me question about the process...And they dont teach to much about the short sale process, but they start talking about other topics that are not part of the short sale process..Bank of america and chase have reconized cdpe as a great disignation, as i have it all over my website and my forms....
1 vote
Linda S. Cef…, Agent, Franklin, WI
Fri Feb 18, 2011
Lynn,

I beg to differ. I just received four referrals, one was a distressed property and they were all referred by the same person who, after finding out about my in-depth education and experience with short sales, has put his faith and trust in me.

And I would hope that anyone finding themselves in this situation would do their homework before hiring an agent. Many agents do not have successful short sales because they don't have a clue on how to get through them.
Web Reference:  http://www.lindacefalu.com
1 vote
allan erps,A…, Agent, Pearl River, NY
Thu Feb 17, 2011
Great info here from my colleagues! Will be signing up for the CDPE when available!!
1 vote
Jim Patton, Agent, Turlock, CA
Wed Feb 16, 2011
Tina I have both and by far CDPE is the best. CDPE much more in depth and offers you tons of tools to make you a successful agent. Without a doubt the best money spent was on getting my CDPE.
1 vote
Jose Enrique…, Agent, Miami, FL
Wed Feb 16, 2011
CDPE is the best in my opinion, I have been CDPE since December, 2008 no regrets
Web Reference:  http://www.humasanre.com
1 vote
Baglio Real…, Agent, Stillwater, MN
Wed Feb 16, 2011
Tina,
I dont know much about the SFR designation, but i can tell you with out question that my CDPE will take me to the next level. During these tough economic times in the real estate industry of which I have been an agent for 16+ years I have found a true advocate in CDPE.
1 vote
Hazel Graham, Agent, Florence, MS
Wed Feb 16, 2011
Tina, I've had both and the CDPE is by far the best. It has all the forms that you need and gives you a step by step as to how to do short sales. Short sales has been my busness for the past year and with out my CDPE I would not have a "clue" Hope this helped.
Hazel Graham
Re/Max Alliance
1 vote
Will Beecher…, Agent, Albuquerque, NM
Sat Feb 28, 2015
I have both but SFR is only one recognized by NAR. Not sure what happened with CDPE with NAR?
They are both good courses.
0 votes
Gita Bantwal, Agent, Jamison, PA
Thu Sep 27, 2012
I have the CDPE. I have learned a lot from it.
0 votes
Joanne Berna…, Agent, Northfield, NJ
Thu Sep 27, 2012
I have just completed the course and have gotten the official SFR designation. Although, I have done short sales and learned the ropes the hard way, I wanted to sharpen my knowledge as the prediction is for a new wave of foreclosures and short sales and I want to be positioned to help my clients and have the trust of the lenders that I do meet the qualifications necessary to properly handle these often difficult deals!
Joanne Bernardini, SFR, CSSA
Coldwwell Banker Casa Bella Realtors
Linwood, NJ
C609-947-2451
0 votes
inna ivchenko, Agent, Calabasas, CA
Wed Sep 19, 2012
Tina, you posted your question last year, can you share your experience: which designation you chose and if it benefited your client in any way while representing a homeowner in such difficult time( default)?
0 votes
Carmen Brode…, Agent, Scottsdale, AZ
Wed Sep 19, 2012
I don't think the public really cares about either designation.
0 votes
Dan Desmond, Agent, Forked River, NJ
Mon Sep 17, 2012
I have and value both with CDPE more on depth nuts and bolts wise.
0 votes
Dan Desmond, Agent, Forked River, NJ
Mon Sep 17, 2012
I have and value both with CDPE more on depth nuts and bolts wise.
0 votes
Brenda Feria, Agent, Richmond, VA
Sat Dec 10, 2011
Any agent taking short sale listings should invest in the CDPE designation because short sale listinga are very complicated and require a lot of knowledge and expertise to get them closed. Unless the short sale listing agent hires an attorney or title company to negotiate with the bank or banks, rarely do they close. The listing agent actually has to negotiate with ALL parties of the loan to reach an agreement. A buyer's agent should invest in this designation, so that they can better understand and inform their client of what to expect and if the listing agent doesn't have a clue, advise the client to go to move on. A lot of time is wasted on agents who think they understand a short sale. I decided not to be one of them. That is why I took this class. In a market where 1 in every 7 mortgages is either under water or 30, 60 or 90+ days late, we all need to do our very best, not just for ourselves, but for our clients. Short sales and foreclosures are going to be with us for a long time.
0 votes
Donna Ferrell…, Agent, Los Angeles, CA
Wed Dec 7, 2011
It would appear all of them, I have two cans of Alphabet soup, I have the:

CMCA, RCC, CDPE, CCAM, ACoM, CRS, AMS, SFR, ARM, CRS, CRB, GRI, CDPE

...(sigh) so far all they have done for me is a lot of reformatting the end of the page :(
0 votes
Congratulations on your designations! It shows you are a true professional.
Flag Mon Sep 17, 2012
gabriel palo…, Agent, Pompano Beach, FL
Wed Dec 7, 2011
B.F.E. location,location, location. We buyers agents will go to any length to please.
We do also think S.O.B is an important designation to all those that have buyers agent go to B.F.E and buy nothing. I am presently working on my most important designation as a buyers agent and I hope you wish me luck P.A.I .D Not to be confused for N.S.F but C.AS.H
0 votes
Jen Enderson, Agent, Kansas City, MO
Fri Feb 18, 2011
Daniel....my thoughts exactly! - Jen
0 votes
Dallas Texas, Agent, Dallas, TN
Fri Feb 18, 2011
I don't believe my clients give a darn one way or another .

Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
972-699-9111
http://www.lynn911.com
0 votes
Grace Hudson, Agent, Canyon Lake, CA
Fri Feb 18, 2011
I also have both SFR and CDPE and in my opinion there isn't any doubt that CDPE is by far superior. SFR is very basic and not specific. CDPE is so specific with exactly what to do to get your Short Sale Approval that it is a no brainer. Not to mention CDPE has input from all of the big banks and what they want from that when the banks see the CDPE designation on your paperwork they often jump your file forward because they know the Short Sale package is going to be done exactly how they want it. The success rate of Short Sale Approvals is huge with a CDPE designation. I hope this helps you. Good Luck Tina :-))
0 votes
Dan Desmond, Agent, Forked River, NJ
Fri Feb 18, 2011
I have both and value CDPE and everything about the Distressed Property Institute much more. I am enrolling in CIAS today.
Web Reference:  http://www.DanDesmond.com
0 votes
Jen Enderson, Agent, Kansas City, MO
Fri Feb 18, 2011
I have both designations. The CDPE is much more comprehensive. Alex does an excellent job explaining the background of what has led up to where we are in this industry. The CDPE course also gives you the tools such as forms and checklists. The course also helps you implement a system to help successfully close these types of transactions. As a CDPE we are consistently being kept up to date with new happenings with the banks, federal government, and the CDPE always seems to have their finger on the pulse when it comes to policy updates and news regarding Short Sales.
0 votes
Donna Levy,P…, Agent, Delray Beach, FL
Fri Feb 18, 2011
I also have taken both courses and find that the CDPE is far more complex and provides more up to date practical information to be able to help homeowners....
How can one compare two days of intense information to 3 hours of following a course?
0 votes
Steve Shoema…, Agent, Aurora, CO
Fri Feb 18, 2011
I took the SFR class when it first came out. I left after lunch, because I was bored to death. The CDPE class is very intense and takes 2 FULL days and the information is the best. There is no comparison here. CDPE versus SFR, CDPE wins, hands down.
0 votes
Sally K. Han…, Agent, Elm Grove, WI
Fri Feb 18, 2011
More knowledge is "more weight"....knowledge is power.....there are SFR instructors that will tell that course is just a very small tip of the ice berg....check the length, continuing education,....CDPE is all there is for short sales.
0 votes
Linda S. Cef…, Agent, Franklin, WI
Wed Feb 16, 2011
CDPE is working closely with the governing entities of mortgage holders. They are and have been instrumental in getting changes made. The course is very in depth, but the ongoing education, support and tools are great. I have taken another course through America's Home Rescue. It is a little easier to digest - goes at a simpler, slower pace.

Both are must haves if you are doing short sales!!!

Haven't taken the SFR, but my friends who have say that CDPE is better.
Web Reference:  http://www.lindacefalu.com
0 votes
Julia Huntsm…, Agent, Long Beach, CA
Wed Feb 16, 2011
I have both, and what I liked about the SFR is that it covers essential points quickly and is a good way for an agent to get into the basic issues. The CDPE program explores issues in a 2-day training on a more indepth basis, and offers many resources and ongoing involvement with their program, which is great.
Web Reference:  http://www.juliahuntsman.com
0 votes
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