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Business Briefcase Dec. 24, 2009

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By The Staff

 RE/MAX agents earn certifications

Kristian Ruble and Keith Stratton of RE/MAX Performance Realty in Shelbyville have earned the Certified Distressed Property Expert designation, having completed extensive training in foreclosure avoidance and short sales.

Short sales allow the cash-strapped seller to repay the mortgage at the price that the home sells for, even though it is lower than what is owed on the property. With plummeting property values, this can save many people from foreclosure and even bankruptcy.  More and more lenders are willing to consider short sales because they are much less costly than foreclosures.

"This CDPE designation has been invaluable as we work with sellers and lenders on complicated short sales," Ruble said. "It is so rewarding to be able to help sellers save their homes from foreclosures."

 The Distressed Property Institute opened in January 2008 and provides training onsite and online.  The CDPE is the premier designation for Realtors helping homeowners in distress and handling short sale. Out of approximately 1,200,000 Realtors in the US only 13,000 have this CDPE designation.

 Ruble can be reached at 633-8578, Stratton at 321-0954.

 

Franchising outlook: Slow growth in 2010

The Franchised Business Economic Outlook, prepared for the International Franchise Association by PricewaterhouseCoopers, officers sober predictions for 2010.

The report includes trends for 10 business lines that rely on the franchising model: quick service restaurants, table/full service restaurants, retail food, lodging, real estate, business services, personal services, automotive, commercial and residential services, and retail products/services.

The number of jobs available in franchised businesses is expected to increase by 36,000 jobs, or a gain of 0.4 percent. The total number of jobs decreased in 2009 by 400,000. The largest increases are predicted for real estate (1.3 percent), quick service restaurants (0.8 percent), retail food (0.7 percent), and personal services (0.7 percent).

In 2010, the overall economic output of franchise businesses is expected to increase by 2.8 percent to $868.3 billion, up from $844.7 billion in 2009. The greatest increase in output is expected from three areas: personal services (4.4 percent), quick service restaurants (3.2 percent), and business services (2.6 percent).

The number of establishments opened is predicted to increase by 2 percent, to 901,093 in 2010 from 883,292 in 2009. Increases are predicted for four sectors: quick service restaurants (3.1 percent), real estate (3.0 percent), retail food (2.4 percent), and retail products and services (2.3 percent).

 

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