A standard?

Could this be the beginning of standardized training?REO Insider joins forces with Real Estate Educate to launch the Open Door Institute, the first open real estate network of its kind.DALLAS, TX—January 28, 2010—REO Insider, the only trade publication dedicated to corporate-owned real estate management (REO), announced that it has joined forces with Missouri-based Real Estate Educate, Inc. to form the Open Door Institute, an organization committed to connecting professionals that buy, sell, and manage distressed residential and commercial real estate. As a truly inclusive network, the Open Door Institute will focus on setting meaningful industry standards for real estate professionals conducting business within the REO industry.“Recovery in the ailing real estate markets is dependent on an ability to open doors for professionals that work with REO properties, connecting them to education that matters as well as connecting them to the broader real estate market,” said Paul Jackson, publisher at REO Insider and an executive director at the Open Door Institute.“Foreclosed properties no longer live in a separate world from the rest of the real estate market.”The Open Door Institute will offer networking and training opportunities for real estate agents and brokers, property investors, maintenance professionals and contractors, and more. “There are many underserved groups, like property investors, that have never had a group like this to join,” said Jackson.Through the partnership, REO Insider will provide the Open Door Institute with access to its leading industry media platforms; the publication will also market the Open Door, and organize live training and networking events nationwide. Real Estate Educate will open its platform of standardized training to members, to equip them for business in the REO sector.Already utilized by acclaimed training providers such as DefaultSchool.com, Real Estate Educate’s online training programs are currently one of a few available educational offerings officially recognized by major lenders/servicers.Real Estate Educate also operates GoHomeBuyer.com, a consumer-focused website that offers free homebuying education. With membership in the Open Door, real estate professionals can connect their businesses directly to consumers via GoHomeBuyer.com.“We see a need to set meaningful standards within REO, for many corporate sellers, and we’re addressing that need head on,” said David Parrish, CEO at Real Estate Educate and an executive director at the Open Door Institute. “Our clients have reiterated to us time and again the importance of ensuring that education remains at the forefront of managing their real estate operations.”Available training programs for Open Door members span renovation lending to green real estate and short sale certification programs—all developed in conjunction with corporations, banks and asset managers.The newly-formed group already has the support of numerous lender/servicers, including Denver-based PMH Financial.“We’re excited to work with our industry peers to help determine solutions to elevate real estate management,” said David Boxall, Vice President, Product Development at PMH Financial and an executive director at the Open Door Institute.The Open Door Institute will accept memberships in February. Visit http://www.opendoorinstitute.com for more information, or call 866-229-1294
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Comments

  • $$$$$ cha ching.
  • Ok, so the unamious opinion is that this is just another money grabbing scheme a group of organizations has put together to increase their cash flow and profit margins during lean times and take advantage of those people trying to get whatever step up on the next guys they can.....

    If someone can just bring some sanity to the certification/standardization
  • I done paying for this cert and that cert. Enough is enough until someone shows me that it really means something! A nationally recognized cert that all AMC's and lenders support. Until then....enough!
  • I guess the grass is always greener for the new reo companies, after all they are the ones taking our green.
  • OMG! kaching, kaching, kaching....so many people with hands in my pockets.....none of them are to help the industry, it is to line their pockets!
  • Like in another blog post, another fee to pay...This ends with REOPro I hope!
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