What Do the Designation Letters Really Mean?
Those letters that frequently appear after a Realtor’s name mean that he or she has invested the time, energy and financial resources to offer consumers an advanced level of knowledge and skills.
Realtors that complete courses of study to earn a professional designation are well prepared to guide clients through the dynamics of today’s real estate market with expertise.
Many designations also represent specialized training in a specific aspect of the industry such as working with senior home buyers and sellers.
ABR – Accredited Buyer’s Representative: An ABR is trained to thoroughly represent buyer-clients in real estate transactions and provide the quality of service and degree of fiduciary responsibility that sellers have customarily received. www.rebac.net
ASP - Accredited Staging Professional® Home Stager: An ASP professionally prepares homes for sale, so that they appeal to the most amount of buyers and generate the highest price in the least amount of time on market. https://www.stagedhomes.com/asps/asps.php
CLHMS - Certified Luxury Home Marketing Specialist™ designation assures affluent buyers and sellers that real estate professionals have the knowledge, experience, and unique skills to meet their needs. Members of The Institute who hold the CLHMS designation have documented performance in the TOP 10% of their residential markets and have successfully demonstrated their expertise in the luxury home and estate market. http://www.luxuryhomemarketing.com/
CRS - Certified Residential Specialist®: A CRS has acquired in-depth knowledge about business planning, listing presentations, negotiating and closing smoother transactions, working in the buyers’ and sellers’ best interest and building a referral business. www.crs.com
GRI - Graduate REALTOR® Institute: A GRI is committed to providing a high level of professional services with a strong educational foundation of knowledge and skills to navigate the current real estate climate. A GRI acts with professionalism and serves their clients and customers with the highest ethical standards. http://www.realtor.org/designations-and-certifications/gri
HECM FOR PURCHASE CERTIFICATION - Home Equity Conversion Mortgage (HECM) loans are offered to seniors who need to tap into their equity to cover living expenses. HECM loans can also be used to purchase a home. A purchase reverse mortgage is a non-recourse loan that enables senior homebuyers age 62 and older to purchase a home and make no monthly principal and interest payments for as long as they live in the home. http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/hecm/faqs_hecm
SRES - Senior Real Estate Specialist®: A SRES is trained to serve the real estate needs of the fastest growing market in real estate, clients age 50+. www.sres.org