Mimi Foster, Voted Colorado Springs Best Realtor (Falcon Property Solutions)

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Rainmaker
5,524,489
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Mimi,

We did not ever subscrible to renting designation.  The course work is no doubt helpful.  However, the public does not understand lots of alphabet soup.  A

Apr 03, 2017 07:22 AM
Ambassador
1,813,120
Alan May
Jameson Sotheby's International Realty - Evanston, IL
A moving experience!

I'm letting my expire, as we speak, also.

I feel the same... never had a referral, the public doesn't understand, other Realtors don't give a .... fig.  I just don't see any reason to continue to send money year after year after year.

Apr 03, 2017 07:52 AM
Rainmaker
1,213,550
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

That is understandable Mimi Foster I suppose it's like a garden, you reap what you sow. I expect from it, but I work in it. I didn't do it for the public, I did this one for me, it had been a goal of mine.

I give referrals out 4-5 times per month on there.

I have not received a referral yet.

I do take some of the webinars.

But I'm in less than a year. 

Doesn't sound like you are using your CRS to get your CRS benefits. It's a contact designation, I think you have to work it or it doesn't produce much. But, I'm new to the designation last November. Let's see how I feel after a couple years in.

Apr 03, 2017 07:23 AM
Ambassador
5,357,189
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

I have seen a few rainers really work the designation and gain referrals and plenty of networking time.

Apr 03, 2017 08:31 PM
Ambassador
3,723,311
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

I gave up my ABR and my SRES but not the CRS. I have benefited from my CRS

Apr 03, 2017 07:45 PM
Ambassador
3,036,752
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Why so hard to let go ... fear comes to my mind. Fear of what might happen if you do let it go.  You have listed all the reasons to let it go ... you don't need it and your life won't change without it ... let it go!!!

Apr 03, 2017 09:27 AM
Rainmaker
507,733
Susie Kay
Ultra Real Estate Dallas Fort Worth - Plano, TX
North Dallas Specialist

Mimi, if there's no benefit then yes, let it go.

Apr 03, 2017 08:55 AM
Rainmaker
5,571,310
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

I think Jeff Dowler would be a good source for an answer to that question....

when I was actively working, I had 9 designations and kept all of them up to date every year... paid for all of them .... only I knew what they represented, but the general public knew I put an effort my real estate education....again, I had 9 of them!!!!

Apr 03, 2017 08:36 AM
Rainmaker
144,616
Julie Larson Realtor® Sarasota FL 941-882-0322
PalmerHouse Properties Florida - 941-882-0322 | Serving Sarasota, Manatee & Charlotte Counties - Sarasota, FL
When you're thinking of moving...ThinkSuncoast.com

I took a class last year and was disppointed to learn that it didn't count for my continuing education. However, the gentleman I sat next to gave me a referral and I closed on it within 2 months of receiving the referral. So, it was worth taking that class!!!

Apr 03, 2017 08:20 AM
Rainer
258,899
Mick Michaud
Distinctly Texas Lifestyle Properties, LLC Office:682/498-3107 - Granbury, TX
Your Texas Lifestyle is Here!

Let's face it, the information in the courses is helpful for our knowledge and skills.  The designation part of it is really internal to the industry and cocktail parties.  You know, mine is bigger than yours bragging rights.  And it generates ongoing income to the association. 

The public doesn't know and really doesn't care. 

Apr 03, 2017 07:57 AM
Rainmaker
808,847
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

I am having the same dilemna Mimi Foster but I have until the end of the year to decide. There are a few faithful CRS members here, Jeff Dowler, Anna Bannana - I maybe have gotten a referral or two but I don't work it. I actually just got a call for a referral last week and I think I lost it because I told her I am managing broker and the referral would work more directly with my husband, who is awesome, got his license at the same time as me, has tons of experience, has sold more homes than I have now that I stepped away from actively selling all the time, that he is a broker as well, BUT he isn't a CRS.....sigh...Anyway, sounds like it is what you make of it and if you use it, go to the events, network and meet people it is worth it, but if you don't it is throwing money down the drain yearly to have three letters behind your name that the public doesn't care a lick about.-Kasey.

Anna Banana Kruchten, CRS Jeff Dowler

Apr 03, 2017 07:54 AM
Ambassador
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Liz and Bill Spear
RE/MAX Alliance 513.520.5305 www.LizTour.com - Mason, OH
RE/MAX Alliance Cincinnati & Dayton suburbs

I'd heard it was great for referrals, but we're 2+ years in and nada so far.  One call for a possibility, then crickets.

Apr 03, 2017 07:52 AM
Rainmaker
1,635,442
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Lend Smart Mortgage, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

I never pursued that donkey's tail so I can'd hold a valid opinion. Have a great Monday!

Apr 03, 2017 07:40 AM
Rainmaker
3,069,934
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

I let mine expire

Apr 03, 2017 07:33 AM
Rainmaker
6,540,283
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thanks for sharing your decision. It can be very difficult to justify the annual dues for designations.

Apr 03, 2017 07:33 AM
Rainmaker
4,053,902
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Only you know if it's right to make that decision. 

Apr 03, 2017 07:32 AM
Rainmaker
3,995,106
Richard Weeks
Dallas, TX
REALTOR®, Broker

I have never had a designation which required a renewal fee.

Apr 03, 2017 07:24 AM
Rainmaker
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Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I let two IT certs go this year that I was holding onto "just in case."  Even though I was paying nominal "non-practicing" maintenance fees only on them.  Didn't like the politics of the organization when I went to renew and realistically I have two years to renew them w/o any real penalty. 

Apr 03, 2017 05:34 PM
Ambassador
2,563,831
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

   Paying for designations is like buying leads.  It works for a very few people; for most others it is money down the drain.  Do what you think is right.

Apr 03, 2017 09:09 AM
Rainmaker
1,525,205
Sybil Campbell
Fernandina Beach, FL
Referral Agent Amelia Island Florida

I never received a referral from my dsignations either!

Apr 03, 2017 09:08 AM
Rainmaker
4,156,931
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

A big fan of some designation courses for the knowledge. Not a big fan of continued membership. Have dropped many designations bcause membership had no benefits and a high cost of renewal!

Apr 03, 2017 08:11 AM
Rainmaker
3,321,246
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

I have let all and any go. The consumers of the world have no clue what they are and what they mean. They do not get me 1 extra clients and money and time got to be better spent for me. 

Apr 03, 2017 07:37 AM
Ambassador
924,393
Mimi Foster
Falcon Property Solutions - Colorado Springs, CO
Voted Colorado Springs Best Realtor

Debe Maxwell, CRS ~ your kind words touched me a lot. It holds true in this as much as anything, you get out of it what you put into it. I've never received one referral in at least a decade, maybe two, and I tend to draw from AR when I need to send a referral because I've received so many from here. But I'll look at that and consider what you've said. Thank you.

Apr 04, 2017 07:36 PM
Rainmaker
3,967,187
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

I would have mix feeling about dropping it.  I think ten years ago it was worth it but not so much now.

 

Apr 04, 2017 01:01 PM
Rainmaker
3,985,837
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

In almost 20 years no one has ever asked me for mine

Apr 03, 2017 08:20 PM
Ambassador
3,986,660
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

I feel like it is the most valuable of the designations. What about your free Inman subscription that is included and the free education? I use the referral network to find quality agents and get referral too. It is one designation I will not be giving up.

Apr 03, 2017 08:08 PM
Rainmaker
4,433,583
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I might do it too.

Apr 03, 2017 07:49 PM
Ambassador
4,200,509
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Hi Mimi Foster!  It's certainly your call...but, I have to say, if I had to let all of my designations all go but, one, I would keep my CRS. I love the seminars, the education and the quality of agents who receive and send referrals is absolutely top notch. 

I would also suggest tweaking your CRS profile - to reflect more of YOU, Mimi - we all love you and if other CRS agents saw what we see, you would get all of the CRS referrals for your area!  Show them what you've got!

Apr 03, 2017 06:56 PM
Ambassador
3,258,460
Anna Banana Kruchten CRS, CRB, Phoenix Broker
HomeSmart Real Estate BR030809000 - Phoenix, AZ
602-380-4886

Mimi that is the one designation that I'll keep  as I do refer out and have received many referrals from other CRS agents around the country. If I had not gotten any referrals I'd be thinking twice about  1) is there anything I could do create biz with other CRS folks or 2) maybe it's time to do what I'm doing because that brings in clients and let it go.

Apr 03, 2017 03:36 PM
Rainmaker
1,157,485
FN LN
Toronto, ON

You will have an annuity of additional profit every year by not renewing.  If it doesn't serve a purpose, don't renew.

Apr 03, 2017 03:01 PM
Rainmaker
845,920
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

Let it go. You can always takes steps to reinstate it if you decide you miss it.

Apr 03, 2017 11:54 AM
Rainmaker
1,716,018
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg Real Estate

Yes Mimi years ago & I could care less & it didn't cost me any business whatsoever. They guilt you into paying year after year. It's a good mind trick they've done on you.

DO IT -- I think like Nike!

Apr 03, 2017 10:04 AM
Rainmaker
4,799,481
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I'm with you.

Apr 08, 2017 06:28 AM