Depending on the nature of the business, there are several types of certifications available today. Common certifications include: minority business enterprise (MBE); women business enterprise (WBE); disadvantaged business enterprise (DBE); SBA 8(a); HUBzone; veteran-owned small business (VOSB); service disabled veteran-owned small business (SDVOSB); women-owned small business (WOSB); business enterprises-owned by people with disabilities (BEPD) and “small business.”
While each certification has different criteria, there are similar criteria for many. For instance, all companies must be at least 51-percent owned by a person or a group claiming the certification status.1 The 51-percent owner must have unfettered control of the company. For federal and DBE certifications, the company must be a “small business” as determined by the Small Business Administration (SBA). A federal SDVOSB requires the business be “small,” at least 51 percent owned and operated by one or more service-disabled veterans whose management and daily business operations are controlled by service-disabled veterans, and the disability be service connected. While a HUBzoned firm must also be “small,” the criteria includes the location of the business and home addresses of the firm’s employees. State corporate laws and licensing laws are also criteria used to review applications for certification. There are special criteria that must be met depending on the certification type. For instance, while a 51- percent owner must have a personal net worth under $750,000 for DBE certification, the SBA 8(a) certification requires that the 51-percent owner have a personal net worth under $250,000.
Federal, state and local government agencies also have different gross business receipts criteria for determining small business certification eligibility.More information for your convenience:
For more information on diversity designations and certifications, visit the following websites:
NOTES: Links to third-party sites are provided for your convenience. Such sites are not within our control and may not follow the same privacy, security, or accessibility standards as ours. Therefore, NRBA is not responsible for the security, content or availability of third-party sites, their partners, or advertisers.
DOT, State, City and Other Diversity Certifications
Office of Minority Business Enterprise
CRS®, Certified Residential Specialist®
GRI,Graduate REALTOR® Institute
SFR,Short Sales & Foreclosures Resource
CDPE,Certified Distressed Property Expert
CRP,Certified Relocation Professional
I am native to the Maryland / DC area and licensed in both jurisdictions for more than 25 years. I possess a unique and strong knowledge of the different submarkets found in my marketplace. While I continue to offer full service residential brokerage services, I have acquired a specialty managing properties that may revert back to a lender or national investor. This includes timely occupancy checks, inspections, and evaluations, facilitating deeds in lieu and short sales, relocation assistance, evictions, lockouts, and trash outs. I manage HOA and code violation resolutions, work to erase water bills and reverse vacant property tax issues (DC) then, follow through to market a property to get the highest net for my client. Overseeing the management and sale of nationally owned properties has evolved considerably and, in many ways, parallels the more traditional real estate market. Some of my clients follow the AS IS sale path and, increasingly, some will make repairs to satisfy lender requirements, and some will complete major repairs allowing top dollar turnkey sales. The processes and marketing I have in place support the AS IS sale and any level of repairs warranted to get the desired result. Current and past clients include Truman Capital, Select Portfolio Servicing, Goldman Sachs, Prime Asset Fund, Nationstar, Mr. Cooper, AHP Servicing, AMIP Management, Colliers International, Computershare, Green River, LRES, Phoenix Asset Services, PNC, Wilmington Finance, USRES, Trustee Corps, Stonecrest Investments, Selene Finance, Shellpoint Mort servicing, REO America, Goodman Dean, PennyMac, MGIC, Meridian Asset Services, Mariners Companies, Keystone Asset Management, IndyMac, BSI Financial and others. Current access to asset management platforms includes Exceleras, Pyramid, Res.net, Cascade and Equator. I have worked with Xome, Auction.com, Hudson & Marshall, HUBZU, and Williams and Williams. I am a long-time member of the NRBA.
I service Montgomery, Prince Georges, Anne Arundel, Howard, Carroll, Calvert, Frederick and Baltimore Counties in Maryland and ALL of the District of Columbia (Washington DC).
I am licensed in Maryland and Washington D.C.