I'm really not sure what goes on in the CDPE (Certified Distressed Property Expert) class. I've heard the class is excellent. So good in fact, that some agents I know are taking it twice. I think that's just great. I really wish I had time to go, however, I'm pretty busy managing 30 or so short sales at time. Those pesky closings get into the way.
In all seriousness, I'm for education and I'm one the biggest proponents of it, considering how there is almost no actual education given to Reatlors coming into the business, let alone something that would discuss the properties that are available in this current market.
My question is why do the people that take this class feel like their ultimate argument on the phone can be ended with "I'm a CDPE!" In fact, let's cover what I have heard from folks just this past week.
Agent: "Are you going to submit my offer directly to the bank?"
ME: "No, I will submit the offer to the owner first."
Agent: "You must submit the offer to the bank!"
ME: "... I'll need to submit it to the owner first."
Agent: "WELL I'M A CDPE AND I KNOW HOW TO DO THESE SHORT SALES!"
Agent: "I'd like to offer $125K"
ME: "The bank approval was for $135K."
Agent: "Just submit the offer to the bank and let's see what we get."
ME: "I'll submit the offer to my seller, who most likely will counter you to $135K since that's what was approved."
Agent: "I'M CDPE!"
Agent: "... what do you think about Bank of America."
ME: "they are slow, hard to deal with, but I prefer them over some others."
Agent: "I avoid them."
ME: "You can refer them to me if you like. I'll send you a referral check in 9 months when we are done." *laughs*
Agent: "I'm CDPE, I can handle them."
Oddly the only thing I can think of when people say those things is the scene from Point Break where Keanu Reeves says, "I'm an FBI agent." My thoughts run from sarcasm to sadness. CDPE is great for getting yourself up to speed on the current properties of the market, but if you haven't closed at least 5 of these, then you really shouldn't be spouting off at anyone.
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