This topic contains 3 replies, has 1 voice, and was last updated by Anonymous 8 years, 2 months ago.
- April 30, 2011 at 3:53 am #417493
Who said they reduced it? If anything they’ve increased the requirement, in particular credit and income requirements.
- April 30, 2011 at 3:53 am #417494
loan criteria is constantly in flux. From day to day everything changes. Right now it is actually tighter than it was a few weeks ago. Two years ago it was about how you are describing it.
Two years from now it will be very different in some other way.
- April 30, 2011 at 3:53 am #417495
It was back in the late 90’s. It was a Democratic plan to get the “poor and underprivileged” into home ownership.
It may have worked too, except the “poor” decided that a home was not enough, they must live in a mini-mansion.
Couple this with the middle class objecting to the lower class moving in next door and they too bought homes they could not afford in an effort to keep their children away from the drugs and gang bangers that suddenly invaded the middle class neighborhoods.
- May 4, 2011 at 3:51 am #200431
A friend buying a house in Lake Arrowhead was told by her RE salesperson she was certified in a bunch of alphabet soup designations. So she came to me to ask if I heard of any of them, most I did not so I did some digging. Too funny for words!
There in fact is a certification for a Resort and Second-Home Property Specialist*! Who knew!* The requirements are rigorous as you can imagine for the industry. Per the NAR:
***** “In order to achieve the RSPS Certification, REALTORS are required to take two core courses.”
So to get this “coveted” certification one must basically complete 2 take home exams probably not lasting more than an hour or two.
This got me wondering what other “certifications” are being peddled out there. Here is a sample:
[FONT=Verdana, Arial, Helvetica, sans-serif]CBPS (Certified Broker Pricing Specialist)
[/FONT][FONT=Verdana, Arial, Helvetica, sans-serif]CRS (Certified Residential Specialist)
[/FONT][FONT=Verdana, Arial, Helvetica, sans-serif]SRES (Seniors Real Estate Specialist)
[/FONT][FONT=Verdana, Arial, Helvetica, sans-serif][/FONT][FONT=Verdana, Arial, Helvetica, sans-serif][/FONT]
Who know you needed training and could get some kind of annointment to sell to seniors [SRES]. Would love to be a fly on the wall listening to those classes!
Then the industry cannot understand why so many are skeptical of their “profession” .
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