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Have You Ever Seen this next to a Real Estate Professional's
Name?
Joe Agent, GRI, ABR, ALC, CAM, CRB, CRS, ePRO, RCE,
RAA, etc.
You get the picture. Doesn't it just drive you crazy
not knowing what the designations stand for
almost to the
point that you aren't impressed and don't really care? Well, we
want you to care because each designation is earned by completing
a specialized program and involves lots of hours of intense studying.
Explanation of Professional Designations used by
Real Estate Agents:
These professional designations are ways that real
estate professionals display their expertise, education or concentration
to potential clients. Some of these designations require memberships
in organizations, with annual dues and many times huge expenditures
for continuing education. One rule is "the more money it costs,
the more it probably means something."
To be called a Realtor, a real estate professional
must be a member of the National Association of Realtors. There
are over 750,000 members. However, if someone is NOT identifying
themselves as a Realtor, they are probably not a member - and therefore,
not a Realtor (Realtor is a registered trademarked name). Realtors
are expected to fulfill minimum education requirements and abide
by a published code of ethics. I have seen enough faces in my real
estate days that tell me "I am not impressed." So, I decided
to find and list for you each and every designation (that I could
possibly find) and its definition as follows:
Designation Definitions:
GRI
- Graduate, REALTOR® Institute is a nationally recognized educational
institute dedicated to furthering the fundamental knowledge and
skills of REALTORS® with less than five years experience. The
GRI series is also available to more experienced real estate practitioners
to help them stay current on timely issues and to freshen and reinforce
their basic skills. The GRI designation is earned by completing
a national program of specialized and advanced education for the
licensed REALTOR®. It involves intense study, covering many
special aspects of real estate such as residential marketing, cost
basis, appreciation methods, investment real estate, construction,
real estate tax concepts, exchanges, capital gains, and various
types of mortgage programs. This designation may only be earned
after successfully completing a rigorous educational program. This
program requires 92 hours of live course instruction from a statewide
faculty selected because of extensive experience in their own areas
of expertise.
ABR
- Accredited Buyer Representative is a designation from the Real
Estate Buyer's Agent Council that trains experienced REALTORS®
in specifically representing the real estate consumer. The ABR designation
is awarded to real estate practitioners who complete a comprehensive
two-day REBAC course in buyer representation, achieve a passing
grade on the written examination, demonstrate practical experience
by completing and closing five real estate transactions in which
the candidate functioned as a buyer's representative and who maintain
a membership in good standing with the National Association of REALTORS®
and the Real Estate BUYER'S AGENT Council.
ABRM
- Accredited Buyer Representative Manager is geared to real estate
firm brokers, owners and managers that have or wish to incorporate
buyer representation into their daily practice, designees have taken
and passed both the ABR® and ABRM course and provided documentation
of past management experience. The ABRM designation is awarded real
estate practitioners who complete a comprehensive two-day REBAC
ABR® course in buyer representation and passing or challenging
the written examination, complete the comprehensive one-day REBAC
ABRM course in buyer representation, successfully passing the written
examination, certification that the Owner/Developer/manager has overseen
a minimum of 25 real estate transactions that involved a buyer agent
or had more than 2 years of experience in the oversight of buyer
representatives and be a member in good standing with the National
Association of REALTORS® and the Real Estate Buyer's Agent Council.
ALC
- Accredited Land Consultant are the recognized experts in land
brokerage transactions of five specialized types: (1) farms and
ranches; (2) undeveloped tracts of land; (3) transitional and development
land; (4) subdivision and wholesaling of lots; and (5) site selection
and assemblage of land parcels. Acquire valuable skills through
educational offerings leading to the ALC designation. The ALC designation
is awarded to a petitioner that is a member in good standing of
the Realtors Land Institute, has 3 or more years of experience as
a REALTOR®, successfully complete five RLI Land University core
courses and one RLI Land University elective course in Investment
Analysis, Subdivision Development, Agricultural Land, Transitional
Land, Tax Ideas with Exchanging and Creative Real Estate, Tax Ideas
and Strategies for Selling Real Estate, Site Selection, and Land
Planning and Design.
AMO - Accredited Management Organization
is a professional designation provided by the Institute of Real
Estate Management (IREM) to companies, not individuals, who engage
in property management with residential, commercial and industrial
properties.
CAM
- Certified Apartment Manager is a nationally recognized certification
and education program for resident managers. Upon completion of
the CAM course, the resident manager has been equipped with the
proven management tools and techniques to cope with the diverse
problems of apartment management, maintenance, resident relations
and marketing.
CBR
- Certified Buyer Representative is a by REALTOR® Boards and
Associations throughout the United States. REALTORS® with the
CBR designation are taught the street skills necessary to both help
buyers find their desired property and to help them negotiate for
that property in a non-adversarial manner, a course sponsored by
REALTOR® Boards and Associations throughout the United States.
This designation may be earned by completing 3 consecutive days
of intensive buyer agency training.
CCIM
- Certified Commercial Investment Member designation
has been the mark of a professional in commercial and investment
real estate since 1968. The CCIM can be earned by REALTORS®
as well as mortgage bankers, tax or real estate attorneys, financial
planners and managers, investment advisors, officers of development
companies and other real estate professionals. This designation
may be earned after successfully completing four graduate-level
courses and an introductory overview course.
CIPS
- Certified International Property Specialist
is an international real estate education course sponsored by REALTOR®
Boards and Associations throughout the United States. Designees
are relied upon as a resource for experts in the international real
estate market. This designation may be earned after successfully
completing an intensive seven-day program of study focusing on critical
aspects of transnational transactions, including currency and exchange
rate issues, and cross-cultural relationships, regional market conditions,
investment performance, tax issues and more. U.S. members must be
a REALTOR® and a member of the National Association of REALTORS®.
CPM
- Certified Property Manager designation is the oldest and most
prestigious achievement in property management. It is awarded to
property managers whose experience, education and ethical standards
warrant such distinction. CPMs are experts in managing apartments,
office buildings, commercial centers and homeowners' associations
and are informed on tax laws insurance regulations, and critical
investment factors. To become a CPM, one must complete a combination
of core and elective requirements. One will need 260 points --160
required points and 100 elective points - in addition to meeting
some other criteria unrelated to the point system.
CRB
- Certified Real Estate Brokerage Manager has
been a symbol of management excellence in real estate brokerage
since 1969. The program is open to REALTORS® who want to learn
every aspect of brokerage management, human behavior skills, recruitment
and training techniques. The designation helps to develop sound
financial and marketing programs and information how to communicate
effectively. The CRB designation is earned by successfully completing
eighteen credits, have a minimum of 75 transactions within the last
five consecutive years, and accumulate 10 points by having either
bachelor's, master's or Ph.D. in real estate, or one of the following
designations: CCIM, CIPS, CPM, CRB, GRI. They may also accumulated
points by taking CRS Courses in addition to the three required core
CRS Courses or by completing transactions the last five consecutive
years, in addition to the 75 core transactions required. Applicants
are required to submit a letter from their local board verifying
current membership.
CRE
- Counselor of Real Estate is a member of The Counselors of Real
Estate, an international group of recognized professionals who provide
seasoned, objective advice on real property and land-related matters.
Only 1,000 practitioners throughout the world carry the CRE designation.
Membership is by invitation only. Membership is selective, extended
by invitation only on either a sponsored or self-initiated basis.
The organization's CRE® Designation (The Counselor of Real Estate)
is awarded to all members in recognition of superior problem solving
ability in various areas of specialization such as litigation support,
asset management, valuation, feasibility studies, acquisitions and/or
dispositions, and general analysis.
CRIA
- Certified Realty Investment Associate is a
designation from the Realty Investment Association of California
(RIAOC), for attendees at a series of 12 - 3-hour seminars covering
the practical aspects of Commercial and Investment real estate.
Participants will become more knowledgeable and professional in
dealing with clients and in transactions with other agents. These
are "nuts and bolts" seminars presented by experienced
"hands-on" brokers and specialists in the field of Commercial
and Investment real estate.
CRS
- Certified Residential Specialist has been a symbol of achievement
in education and residential sales experience since 1977. The CRS
program is open to REALTORS® who want to keep abreast of the
latest sales and marketing techniques, enhance their professionalism,
and increase their earning power. This designation may be earned
after successfully completing CRS 200 plus two additional Council
courses and a minimum of 75 transactions within the last five consecutive
years.
CSP
- Certified New Home Sales Professional is a professional designation
provided by the National Association of Home Builders and requires
24 hours of course study.
e-PRO
- e-PRO is a new training program presented entirely online to certify
real estate agents and brokers as Internet Professionals. This designation
may be earned after successfully completing 5 areas presented entirely
online.
GAA
- General Accredited Appraiser. Certified general appraisers wishing
to increase their visibility should consider pursuing the GAA designation.
The GAA designation is awarded to appraisers whose education and
experience exceed state appraisal certification requirements and
is supported by the NATIONAL ASSOCIATION OF REALTORS®. This
designation may be earned by being a State General Appraiser. Have
a minimum of 1,000 hours experience in addition to the experience
required to obtain state certification and 60 hours of tested course
work in addition to the Appraiser Qualification Board's education
requirement at the time of certification.
LTG
- Leadership Training Graduate designation is awarded only by the
Women's Council of Realtors to those candidates who successfully
complete four one-day courses and meet specific requirements. Courses
include Excellence in Communications, Personal and Professional.
QSC
- Quality Service Certified® designation
may be the most important credential a real estate professional
can hold. A Quality Service Certified® sales professional is
held to a standard which requires accountability, reliability and
consistency - the ongoing delivery of quality service on each transaction.
The Quality Service Certification® training program can be completed
by attending a live presentation or by taking the course online.
RAA
- Residential Accredited Appraiser. Certified residential appraisers
wishing to increase their visibility should consider pursuing the
RAA designation. The RAA designation is awarded to appraisers whose
education and experience exceed state appraisal certification requirements
and is supported by the NATIONAL ASSOCIATION OF REALTORS® .
This designation may be earned by being a State Certified Residential
or General Appraiser. Have a minimum of 1,000 hours experience in
addition to the experience required to obtain state certification
and 45 hours of tested course work in addition to the Appraiser
Qualification Board's education requirement at the time of certification.
RCE
- REALTOR® Association Certified Executive. Association executives
interested in demonstrating commitment to the field of REALTOR®
association management should pursue the RCE designation. AEs are
recognized for their specialized industry knowledge and their association
achievements and experience. This designation may be earned by successfully
completing 3 exams and also meeting the following guidelines: RCE
is open to all full-time employees of a local or state association
of REALTORS®, wholly- owned REALTOR® association subsidiary
corporation, or regional multiple listing service owned by a REALTOR®
association. Also one must have 5 years REALTOR® association
experience and be a current CAE designee (Certified Association
Executive offered by ASAE).
SIOR
- Society of Industrial and Office REALTORS®. Individuals certified
with the SIOR designation are top producers in industrial and office
real estate brokerage, representing more than 800 offices in over
350 cities worldwide. The Society's mandatory recertification requirement
assures clients of the designee's excellence in the fast changing
commercial brokerage field. This designation may be earned after
successfully completing a comprehensive membership entrance examination;
or hold a CCIM or RICS designation; or complete thirty credit hours
of approved commercial real estate coursework based on various criteria
and completing the Society's ethics and professional standards module
(a half-day seminar).
SRES - Seniors Real
Estate Specialist is a professional designation provided by the Seniors
Advantage Real Estate Council for Realtors wanting to meet the special
needs and concerns of maturing Americans when buying or selling residential
or investment properties.
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