10,000 RE/MAX Agents Achieve the CDPE Designation: RE/MAX Delivers on Commitment to Assist Distressed Homeowners

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RE/MAX International has 10,000 of its agents earn the Certified Distressed Property Expert® (CDPE) designation, with training in foreclosure avoidance options, including short sales. Chairman and Co-founder Dave Liniger achieves the goal set almost one year ago.

After earning the designation myself, I quickly realized that CDPE training could equip our agents with the skills they would need to help homeowners facing foreclosure, and in fact, agent surveys prove that’s the case

The Distressed Property Institute, LLC has confirmed that RE/MAX International has reached the goal it announced a year ago to have 10,000 of its agents earn the Certified Distressed Property Expert® (CDPE) designation. In March 2009, RE/MAX Chairman and Co-founder Dave Liniger ambitiously promised that by the end of the year, 10,000 RE/MAX agents would earn the CDPE designation in an effort to help stem the rising tide of foreclosures. RE/MAX agents have met that goal and now hold approximately 60 percent of all CDPE designations in the United States.

“After earning the designation myself, I quickly realized that CDPE training could equip our agents with the skills they would need to help homeowners facing foreclosure, and in fact, agent surveys prove that’s the case,” Liniger said. “CDPE training is invaluable in this marketplace and has provided the skills and resources that have made many agents successful during a difficult time.”

“This astounding milestone is a recognition of the dedication RE/MAX has shown to not only affect the real estate industry and U.S. economy, but also their agents’ communities,” Alex Charfen, co-founder and CEO of the Institute, said. “Millions of U.S. homeowners are in need of real solutions. With its industry vision and agent education, we look forward to our continued work with RE/MAX to help solve the current foreclosure crisis.”

The CDPE designation trains agents in foreclosure-avoidance alternatives, including short sales. A short sale is a real estate transaction in which a home is sold for less than the amount owed on the mortgage. According to the Mortgage Bankers Association’s National Delinquency Survey, 15.02 percent of all U.S. mortgages in the fourth quarter of 2009 were either delinquent or in the foreclosure process, which translates into approximately 1 in 6 homeowners nationwide facing financial hardships.

For homeowners who owe more on their mortgages than what their houses are currently worth, a swiftly executed short sale is often the best alternative to foreclosure. Agents with the CDPE designation assist distressed sellers based upon their individual needs, which contributes to their consistently higher success rates with short sale transactions.

About REMAX International, Inc.
RE/MAX was founded in 1973 by Dave and Gail Liniger. From a single office in Denver, Colorado, it has grown into a global network of nearly 100,000 Sales Associates in more than 75 countries, an international presence greater than any of its competitors. Nobody in the world sells more real estate than RE/MAX.

RE/MAX has been honored as the leading real estate franchise in “The 2009 Franchise Times Top 200.” And for 9 of the last 11 years RE/MAX has been recognized as the top real estate franchise in the, “Franchise 500 Survey,” by Entrepreneur magazine.

Today, all U.S. home listings in thousands of cities and towns can be found at http://www.remax.com, the most visited real estate franchise website. (ComScore Jan.-June 2009, Compete.com Feb. 2008-June 2009, Hitwise Jan.-June 2009)

RE/MAX International is proud of its Premier Community Citizenship, which has raised over $100 million for deserving organizations like Susan G. Komen for the Cure®, Children’s Miracle Network and The Sentinels of Freedom Foundation.

For information on RE/MAX International, visit: http://www.remax.com or http://www.joinremax.com.

About the Distressed Property Institute, LLC
The Distressed Property Institute trains real estate professionals to engage with and assist homeowners facing hardships. The Institute has developed a curriculum to provide the tools and knowledge to handle distressed properties, including Short Sales, deeds-in-lieu, mortgage modifications, forbearance, refinances, reinstatements and, if that fails, how to help homeowners through the foreclosure process. After completing a comprehensive on-site or online course, graduates are awarded the CDPE designation.

About the CDPE Designation
The CDPE designation provides real estate industry professionals with detailed information on how to engage with and assist homeowners in distress. CDPE is the fastest-growing designation in the history of the real estate industry, and has been endorsed by RE/MAX International and other major U.S. brokerages and industry icons, including: Brian Buffini, founder of Buffini & Company; Howard Brinton, founder of STAR POWER® Systems; Joe Stumpf, founder and national spokesperson of By Referral Only®; Allen Chiang, Chairman of the Asian Real Estate Association of America (AREAA); and Tino Diaz, Chairman and President of the National Association of Hispanic Real Estate Professionals (NAHREP). For more information about the Distressed Property Institute and the CDPE Designation, visit http://www.cdpe.com.

Contact: RE/MAX International Inc.
Cory Jo Vasquez
Public Relations Manager
(303) 796-3667

Contact: The Distressed Property Institute, LLC
Adam Pedowitz
Media Relations
(512) 501-2588

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