What do all those letters mean behind a REALTOR®'s name and how do they benefit you?
Those letters represent the designations - or educational credentials – of a real estate professional. And it can mean an easier, faster, better real estate transaction for you.
Let's be frank, making a move can be an exciting and also a stressful time. At the same time, real estate transactions have become increasingly complicated. Working with a REALTOR® provides important assistance with the home buying and selling process. You can expect specialized assistance in the buying or selling process when you look for a REALTOR® with advanced designations.
Here is a short list of designations and what they mean to you:
The ABR (Accredited Buyer Representative) or CRS (Certified Residential Specialist) designations tell me that the REALTOR® will be working for my interest in finding a home. They have taken the time to get the extra training and understand the buying process.
The training for a CRS (Certified Residential Specialist) says they can help me sell my home faster, on better terms, and for more money.
e-PRO means the buyer or seller deals with someone who is familiar with the internet and using the latest equipment to sell my house. The NATIONAL ASSOCIATION OF REALTORS® is the first major trade group to offer certification for online professionalism.
Look for these designations: IREM (Institute of Real Estate Management), ARM(Accredited Residential Manager), or CPM (Certified Property Manager). These REALTORS® know what it takes to manage my property so I get the highest return on my investment.
The RSPS (Resort & Second-Home Property Specialist) is educated in the resort & Second-Home Market. This is someone who facilitates the buying, selling, or management of properties for investment, development, retirement, or second homes in a resort, recreational and/or vacation destination.
With two out of every 100 people 60 and older living in the state, SRES (Seniors Real Estate Specialist) specializes in gaining the trust and respect of the above 55 market about real estate goals, concerns, and the unique needs of seniors.
The PMN (Performance Management Network) designation focuses on negotiating strategies and tactics, among other business management topics. These REALTORS® have the systems in place to help you move quickly.
The GRI designation (Graduate REALTOR® Institute) is the graduate degree of Real Estate. These Agents study contract law, professional standards, financing and other real estate practices. I know when I work with a GRI; they perform their service with a strong educational foundation.
The world of real estate has changed dramatically in the past decade. A designation today gives you an indication of a specialty area within the real estate industry. Designations tell you that the agent has taken the time to further their education. Ultimately you benefit from their expertise.
In a diverse city like Wilmington, you have the chance to work with an expert in almost any situation.
NAR's newest designation, the Green Designation, illustrates the definition of green professionalism, excellence, and leadership for today's REALTORS®. REALTORS® with this designation understand the environmental impacts and concerns you might have when buying and will offer you the knowledge you need to make a GREEN decision in purchasing your next home or property. This designation addresses concerns with residential, commercial, and property management issues and is the only green designation recognized by NAR.