June 6th - 2003

Get your MVA!

Who would want an MVA - Residential (Market Value Appraiser) designation?

Who would want an MVA - Residential (Market Value Appraiser) designation? Anyone wishing to raise their profile, earn additional income and 20 CEU credits at the same time.

An MVA-Residential designation is a professional designation for REALTORS who have at least five years current experience in the local real estate market and have completed an educational program in the field of residential appraisal.

Designees are active in their communities and their knowledge and constant exposure to real estate prices enables them to provide lenders with appraisal reports that realistically reflect current market values. REALTORS with an MVA-Residential designation can earn extra income by doing appraisals for banks and other organizations requiring residential market value reports.

Anyone who earns an MVA-Residential designation will also earn 20 continuing education credits (CEU’s) towards RECO’s licensing requirements.

Sid Steiner, a REALTOR in Parry Sound has held his MVA-Residential designation since 1992. “My MVA-Residential designation gives me credibility – something people can judge me by,” says Steiner. “It gets me into a lot of homes that I normally wouldn’t have reason to and I make a lot of contacts in those homes. I may just be doing a bank appraisal, but when the time comes, many people end up remembering my name and calling me to help them buy or sell a home.”

Steiner became an appraiser for Royal Bank about a year ago and last year did almost 140 appraisals. He says not only is the additional income worth it, but doing so many appraisals has made him more in tune with market trends. “I really feel my MVA gives me an edge when it comes time to list a home – it’s so important to get the vendor as much money as possible while at the same time, not over or under pricing.”

Kingston REALTOR Ron Campbell says his MVA-Residential designation lends credibility that can have an impact when he’s competing for listings. “Any extra credits behind your name are going to add to your overall package,” says Campbell. “When people see I’ve got my broker’s license and my MVA, I feel it increases their confidence in my name.”

Find out more about obtaining your MVA-Residential designation, contact Annabelle Estores at 1-800-265-OREA (6732) ext. 244.

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For more information contact

Ontario Real Estate Association

Jean-Adrien Delicano

Senior Manager, Media Relations

JeanAdrienD@orea.com

416-445-9910 ext. 246

Ontario Real Estate Association
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The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

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