I was told that banks are now going to be requiring that the agents that are allowed to work on their short sales be certified. Has anyone heard about this?
I am a believer that if you have experience in short sales and a group , like this one, to help with random questions it should be sufficient.
Is this all a hype so the NAR or local boards can get Realtors to pay for more courses?
Licensing is coming but it won't mean much as there are really good agents who can close a short sale and really bad agents who let something fall between the cracks, same goes for the bank side.
I was in a meeting where the lender said over 300K short sales were initiated in Equator and only 70K closed. The bank wants to work with competent agents, and yes we all know that the bank employees have not made it easy either but there is an argument for truly understanding what is at stake and being proficient at processing short sales.
Joe - who are you pushing the issue of licensing with?