The Real Estate Investment Securities Association (Reisa) has launched a professional designation that it says will give direct participation industry professionals, financial advisors and registered representatives across the nation a higher profile.
The Direct Participation Professional (DPP) designation gives professionals who earn it "increased credibility and recognition within the industry. In addition, it gives them enhanced value to clients,'' said Reisa spokeswoman Jill Delaney.
Reisa is a national, non-profit trade association for professionals who offer and distribute securitized real estate investments. Members include real estate sponsors, broker-dealers, registered representatives, financial advisors and affiliated businesses such as law, accounting and real estate brokerage firms.
A direct participation investment, or a direct participation plan, is a business venture designed to let investors participate directly in the cash flow and tax benefits of the underlying investment. DPPs are generally passive investments that invest in real estate or energy-related ventures.
Delaney says DPP certification candidates must meet eligibility requirements, complete a program of study and pass an online examination. The program was developed in response to a growing need for increased education for registered representatives and financial advisors. Candidates are given a study packet to take an online exam to get the DPP designation, which can be renewed in one year, she said.
The designation program will officially launch at the Reisa Annual Conference on October 16-18, with two required foundation courses being offered to attendees in addition to other eligible sessions: Best Practices in Direct Participation Programs and Fundamentals of Direct Participation Programs.
For more information, go to www.reisa.org/dpp or contact Reisa at 866.353.8422 or [email protected].