Tuesday, April 6, 2010

Realtor Designations Explained

Ever wonder what the credentials after a Realtor's name mean? Here are descriptions of some of the more important ones in the real estate industry.

Accredited Buyer Representation (ABR): This Realtor has met specific educational and practical experience criteria, including completion of a 2-day Real Estate Buyer's Agents Council (REBAC) core course. They've also passed a written exam on the legal and practical aspects of agency representation.

Graduate, Realtor Institute (GRI): This designation is for Realtors who are involved in residential real estate, who want a solid educational base of information for their practice. According to the National Association of Realtors, "The GRI program includes 90 hours of coursework on topics from marketing and servicing listed properties to real estate law."

e-Pro Internet Professional: This training program helps certify real estate professionals and teach them how to thrive in our ever developing technological world. This course teaches how to make an Internet presence, master email communication, create a web-marketing plan, and how to use aspects of ancillary technology such as PDAs, Smart Phones, Digital Cameras, Virtual Tours, and MLS systems. All valuable and necessary education when representing buyers and sellers.

Certified Residential Specialist (CRS): This is the highest designation awarded to sales associates, with less than four percent of Realtors holding this certification. It has been awarded since 1977 and recognizes agents who meet stringent requirements, such as 75 transactions within 5 years or $25,000,000 in sales in five years, among other stellar achievements.

When choosing a Realtor, look for agents with some of these credentials. Real Estate professionals who continue their education even after years of experience can be your most valuable asset in your search for a buyer or help in your search for a home.

For more information or real estate assistance, call me at 401-338-5102.