Tuition- Due to special grants from the National Association of Realtors, the tuition for this course is $30 for realtors and $175 for non-members.

 Short Sales and Foreclosures (SFR) Certification

Nearly one-third of all existing homes sold recently were either short sales or foreclosures, according to National Association of Realtors^® data. To help Realtors^® meet the needs of home buyers and sellers who need these services, NAR has launched a new Short Sales and Foreclosure Resource (SFR) Certification. The SFR certification program is offered by the Real Estate Buyer’s Agent Council (REBAC) of NAR. The program includes training on how to manage short sale, foreclosure, and real-estate owned transactions, and provides resources to help Realtors^® stay current on national and state-specific information as the market for these distressed properties evolves.

To earn the certification, Realtors^® must complete a one-day education program as well as three one-hour Webinars.  Applicants interested in obtaining the SFR certification will need to complete a one-day short sales and foreclosure course offered by either REBAC or CRS. There is a fee for the one day Short Sales and Foreclosures Course.  As an incentive NAR will not be charging any fees for the 3 additional webinars and Application Fee for the SFR certification through 12/31/09 - this is being waived through right tools right now - the certification application fee normally would cost $175.00.

This will be the only Short Sales and Foreclosure certification that is recognized by NAR and the SFR will appear in the members profile on realtor.com and realtor.org to identify the member as someone who has taken additional education in this field.

Important to note: The Application for the SFR Certification and Three one-hour webinars will not be ready until early October.

If you have taken Short Sales and Foreclosures course in the past - the students would need to take the 3 webinars which will be available in October and fill out the application for the certification in order to obtain the SFR certification. They would have also needed to pass the exam at the end of the REBAC foreclosure/short sales course.

This course is an approved ABR elective