REO Default Certified Professional (RDCPro)

Having completed Default School and earning the RDCPro designation, I thought I would share my experience with you all. On the topic of certifications, designations and education, I am of mixed mind. You may ask...Why? And the answer is simply because some of these programs are too much 'fluff,' just trying to suck a quick couple hundred dollars out of Realtors and thin on material. Some on the other hand are put together by honorable people, truly trying to offer value and improve their industry. You never really know for sure until you take the course(s).I am all for continuing your education throughout your career, but I am also leary of some programs and try to research them before jumping on board. Everything I could find about RDCPro and Default School pointed toward it being a good designation and the required courses being valuable, so I went for it.After completing it, I felt that the courses required for the RDCPro designation (taken through Default School and administered by RealEstateEducate.com) were both very legitimate courses. Almost everything in it was, in my opinion, quality material and meaningful. The designation requires the completion of 2 courses: REO Best Practices (formerly Learning the REO Ropes) and Advanced Evaluations.The REO Best Practices portion covered REO's from start to finish. Filled with information crucial to understanding the REO process and to keeping Asset Managers happy! The presentation was good and the information was legitimate, current and useful. I appreciated that there wasn't a bunch of what I would call 'filler' material in it.Advanced Evaluations was also done well. On this one I felt it did stretch the material a bit, but this is somewhat understandable in that it there is just less to doing BPO's than there it to REO's. While I personally got much more out of the Best Practices portion, the Advanced Evaluations portion did act as a good refresher.All in all, I think the RDCPro designation is wothwhile and definitely adds value. While it has not directly led to any additional REO listings, I think it will and even if it didn't I still would be glad I completed it. Expanding your knowledge and learning new things about your profession will never be a bad thing.I can't speak on any of the other REO designations, but I would say that I give the RDCPro a thumbs up for providing good, useful and current training.Best of luck and let me know your thoughts on any other training/designations you know about or have completed.
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  • There is a scandel unwinding in my home town where a professional claimed to be a Diplomate of the American College of Forensic Examiners. Then someone researched it and found out a house cat had joined the group which is really not a College like most people would think of a college. The cost to the Cats owner was $350.00 the cost to the cat, well he was now the only cat that is a member of the college

    The point could be made that the Cat was a Cat before the class and after the class and there is nothing that can take that away. The cat took no test and can do nothing wrong to lose his Diplomate status.

    When it comes down to it I think putting Broker behind your name does more with the larger accounts. I know most of the Asset Managers contract with the Brokers not the agents. The E & O policy goes in the name of the Broker. In my state California the Brokers Exam is seldom passed the first time. When I was there two attorneys were there to take it the second time. In California an attorney can not practice Real Estate without a licence. Some attoneys think they can just walk in and not study, as its just law then they find out it covers property management, commercial valuations, highest and best use, rental law, and the list goes on... and then the way the State writes the test. Well, if you want to put something hard behind your name, something that is not easy to get put Brokers Lic. State of Ca. there. (no disrespect to any attorney, the Brokers Exam is full of industry specific training and has little to do with Torts or Fraud, the names of National Trade Groups seldom show up in law suits but they show up on the Brokers exam.)

    When the FDIC finally announces their approved "Local Area Brokers" I bet they have something behind their name that they can lose, Broker.
  • Based on the content is it something that would benefit REO Vendors & Service Providers or is it exclusively geared towards Brokers and Agents?
  • I also have the RDCPro designation and have found it to be the most beneficial.
  • RDCpro was very good.I took 3 of their required courses required by the bank, in order to receive listings.I actually enjoyed the courses and decided after that I would sign up with 5 Star and take their courses. I took 1 course and it was very elementary. I declined any further courses from 5 Star
  • I have the designation and found the course to be one of the more useful ones available. Applying the lessons has improved the level of service I provide my clients. I would recommend it to anyone who is trying to learn how to do BPO's and hopefully, handle reo listings. They were required courses for one of my clients and after completing them has resulted in a total of 5 listings, more than enough to cover the cost and a cup of coffee besides.
  • I have the RDCPro designation. I thought this course had a lot to offer. I agree it provided useful & current training.
  • I have the RDCPro designation as well and I agree....it's pretty good
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