203k Training FREE Through November 
By Deborah Ball Kearns, RE/MAX Editor
Updated 11/14/11 

 – a real estate training, support and marketing membership initiative focused on the FHA 203k Rehab Loan program – is offering its 203k Specialist certification and one year of membership FREE to RE/MAX Associates. This promotion expires Nov. 30. 

Sign up now. Use coupon code RBUFreeA (for the 203k Specialist).

A second package that includes both the 203k Specialist and the Residential Construction Certified training is available to RE/MAX Associates for the discounted rate of $200 (plus $9.95 shipping and handling). Use coupon code RBU200B for this CD-ROM/booklet course, which normally retails for $599.

Real estate veterans Dennis and Teresa Walsh created the REbuildUSA program ($399 retail), in partnership with Lowe's and Bank of America, to help agents educate homebuyers about the FHA 203k loan option. All three companies are RE/MAX Approved Suppliers.

FHA 203k loans allow borrowers to apply for a single mortgage loan to finance both the purchase and the rehabilitation of an eligible property. In 2008, less than 7,000 203k loans were processed in the U.S., says Dennis Walsh. That number has surged in the past 18 months, with more than 30,000 homebuyers taking advantage of the special financing, he says.

"A lot of industry experts agree that this is just the beginning; we’ll see 203k financing become an even bigger part of the market moving forward," Teresa Walsh says. "We need more agents on board with the program so they can make their clients aware that this option is available; most consumers don’t even know it exists."

Satisfied specialists
Some RE/MAX agents who have earned the 203k Specialist certification from REbuildUSA say the expertise and marketing materials are invaluable tools when assisting buyers in today’s market. Here’s what they have to say about REbuildUSA:

"Between the 203k training and the REbuildUSA program, I feel I'm equipped to take advantage of sales opportunities around me that most others are simply not aware of. I believe it will be instrumental in getting my foot in the door as I pursue asset managers who are responsible for lender-owned properties. I've done a few of these transactions with great results, and I’m gearing up to make it an integral part of my business. I highly recommend the program!"

– Helene Cass, RE/MAX Fine Properties, Scottsdale, Ariz.

"I’ve been in real estate for more than 30 years, but you’re never too experienced to gain more market knowledge. Through the REbuildUSA program, I have a prime opportunity to share this option with homebuyers who now have the ability to purchase properties they wouldn’t have been able to afford using a conventional or standard FHA loan. It's a huge advantage for a buyer considering a fixer-upper. Agents should become certified and know the ins and outs of 203k loans; this certification is definitely worth it (and it’s free)."

– Jerry Fitzer, RE/MAX Del Oro, Arroyo Grande, Calif.

More program details
REbuildUSA members enjoy these powerful benefits:

  • Free Leads – Driven to 203k Specialists through consumer marketing campaigns by Lowe's, REbuildUSA and its partners. Additionally, in its stores nationwide, Lowe’s produces co-branded brochures promoting 203k loans, as well as a co-branded landing page on its website aimed at consumer education.

  • REbuildUSA Project Portal – An exclusive online technology platform offers you the most effective way to get your renovation deals closed quickly and easily. In as little as five minutes, you can input renovation projects into the portal to tap into the Lowe's nationwide network of more than 1,700 stores and 10,000 licensed installers.

  • 203k Specialist Designation Training – Real estate's most comprehensive 203k training provides practical information, strategies, marketing ideas and organizational tools to position you as an expert and help you increase your business success by specializing in this rapidly growing area of real estate.

  • REbuildUSA Membership Center – Your online home for marketing tools, information and resources designed to help you develop and grow your 203k business, including press releases, logos, yard signs, forms, social media, member forums, blogs and more.

  • REbuildUSA Approved Lenders – A nationwide network of FHA-approved 203k loan specialists – including RE/MAX preferred lender, Bank of America – who provide the highest level of professional service to support your business and get your transactions closed.

  • Increased Listing Success – Differentiate yourself as a real estate marketing professional who can open up listings to many more buyers through your expertise as a 203k Specialist. You'll be able to show prospects how they can use 203k financing to make a home their own.

For more information, visit rebuildusa.com or call (877) USA 203K.

RE/MAX Affiliates may share this article, provided they do not charge for it and this notice is included. All other rights reserved.