{"id":1304,"date":"2007-04-15T12:35:46","date_gmt":"2007-04-15T19:35:46","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=1304"},"modified":"2007-04-20T16:07:16","modified_gmt":"2007-04-20T23:07:16","slug":"designations-real-education-marketing-give-me-a-break","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1304\/designations-real-education-marketing-give-me-a-break\/","title":{"rendered":"Designations — Real Education — Marketing — Give Me A Break"},"content":{"rendered":"

I apologize in advance for the War and Peace length of this post. And also to those who, even though my intent is good, will become offended at the thoughts offered. My intention here is to offer real clarification to real estate investors as to what is really required in order to give them advice.<\/p>\n

For those who may think I feel threatened by this newly acquired knowledge being acquired by mortgage brokers, think again. Michael Cook<\/a> is just 26 years old. Most mortgage brokers with this 18 hour designation could study real estate investing for another year and wouldn’t know what Michael has already forgotten. Real estate investment brokers\/advisors will more likely be cleaning up the messes made by those who think they’re qualified to give advice in that arena. The other day Brian Brady wrote a thoughtful post<\/a> on Certified Mortgage Planning Specialist — CMPS. Before I continue what is sure to be a full scale Dennis Miller rant<\/em>, I want to make two things very clear.<\/p>\n

Brian Brady does know about the subjects taught in the 18 hours marathon of education they offer. He spent six years on Wall Street before entering the lending industry. You can’t fake it through six years — at least not on that<\/em> street. \ud83d\ude42 In fact, it’s my contention Brian could teach most if not all the 18 hours offered in return for this new designation.<\/em><\/p>\n

Though I don’t take the designation seriously, I certainly don’t extend that opinion to the folks who earn it. They mean well. Brian had it right when he said there are many pros for whom he holds respect and admiration who either already have a CMPS or are headed that way.<\/p>\n

Speaking only for myself, it boggles the mind how these folks think they can hand out real estate investment advice with 18 hours of education. That couldn’t possibly make them qualified to even be my assistant.<\/p>\n

Is that too harsh? Too bad.<\/p>\n

Here are just three of the subjects on which they will be advising their borrowers:<\/p>\n