What is SFR? Short Sales and Foreclosure Resource

Why is SFR unique? It's a specialization on distressed real estate. It's a nationally recognized certification of National Association of REALTORS®.

Was there any coursework requirement? All Short Sales and Foreclosure Resource Professionals must complete comprehensive coursework on how to qualify sellers for short sales, negotiate with lenders, protect buyers, and limit risk, 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 SFR® certification, REALTORS are required to be in good standing with the National Association of REALTORS®, and complete REBAC’s Short Sales and Foreclosures: What Real Estate Professionals Need to Know course. These transactions can be complicated to navigate for buyers and sellers and knowledge is key to assisting clients at a high level. While there is not a huge demand currently for this market, it's an essential tool to have to assist future client should the need arise.

Do you have to be a REALTOR® to get this designation? Yes, only members of the National Association of REALTORS® are able to obtain this certification.

How many agents hold this certification? Less than 1% of REALTORS throughout the country hold this designation.

Sellers who think they are out of options a REALTOR® with the SFR® certification can assist owners in understanding all their options.

By evaluating each individual’s situation, the SFR® can:

  • Explain the differences between a short sale and a foreclosure

  • Recommend finance, tax, and legal specialists

  • Suggest the seller to seek foreclosure avoidance assistance

  • Alert homeowners of rescue scams

Buyers who are open to unique opportunities a REALTOR® with the SFR® certification can guide a buyer through the distressed property transaction.

Through the process, the SFR® will:

  • Describe the differences between a short sale and a foreclosure

  • Counsel buyers and reduce risk

  • Guide the transaction from start to finish, including closing dates, inspection and appraisal

  • expectations.

  • Prepare the buyer for expected time frames for lender approval

Why use an SFR® ? Members of the National Association of REALTORS® who have earned the Short Sales and Foreclosure Resource certification understand distressed property transactions, and everything that is included. Working with an SFR® takes the stress out of distressed property transactions. I know that selling or buying a home in uncertain times can be scary, but I know how to make it happen. With unexpected opportunities everywhere, now is the time to sell or buy. 

I’m here for you. I’m your SFR®.