MAPS Coaching now offering CDPE designation training!
Keller Williams® Realty Inc., the third-largest real estate company in the United States, announced today an agreement with the Distressed Property Institute, LLC (DPI), to bring the industry-leading CDPE designation training to its agents. In accordance with Keller Williams Realty’s high service standards, the company partnered with the DPI to offer its CDPE training courses to its sales associates nationwide as a part of its Mega Achievement Productivity Systems (MAPS) Coaching program.
“Being the real estate company of choice for a new generation of real estate professionals means adapting quickly and effectively to market changes,” said Dianna Kokoszka, president of MAPS Coaching, a division of Keller Williams Realty. “Short sales are an ever-expanding part of today’s real estate market, and the CDPE designation will provide our associates across the country with the ability to better assist distressed homeowners, help stabilize communities and remain a vital part of their markets.”
In a short sale transaction, homeowners sell their property for less than the mortgage amount in order to avoid the foreclosure process.
The Institute, based in Austin, Texas, has trained more than 17,000 real estate professionals since its January 2008 inception, making CDPE the fastest-growing designation in real estate industry history. Through a survey of its membership, CDPE-designated agents reported an average 49 percent decrease in short sale processing time. In addition, these agents typically list seven-times, and close five-times as many properties as the average National Association of REALTORS® agent.
“It’s a privilege to receive the endorsement from a prestigious real estate institution such as Keller Williams Realty’s MAPS Coaching program,” Alex Charfen, co-founder and CEO of the Institute, said. “With a strong agent-base across the country, Keller Williams Realty associates are in an incredible position to positively affect the lives of millions of distressed homeowners. The CDPE designation will help these agents provide solutions to homeowners facing foreclosure, and help communities recover from the current housing crisis.”
The administration’s Making Home Affordable (MHA) program recently released details of its Home Affordable Foreclosure Alternatives (HAFA) initiative that would incentivize lienholders, investors and homeowners to pursue foreclosure-avoidance options—including short sales—should a mortgage modification prove unsuccessful. A key element of this initiative is the involvement of real estate agents in the process. According to the Mortgage Bankers Association’s (MBA) 2009 3rd Quarter National Delinquency Survey, one in seven homeowners is not making mortgage payments. The delinquency rate for that quarter was also the highest ever recorded, based on MBA data since 1972.