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The
Accredited Buyer Representative (ABR®) designation
is the
benchmark of excellence in buyer representation. This coveted
designation is awarded to real estate practitioners by the Real
Estate BUYERS AGENT Council (REBAC) of the NATIONAL ASSOCIATION
OF REALTORS® who met the specified educational and practical
experience criteria.
The criteria are:
Completed the comprehensive two-day REBAC course in buyer
representation
Successfully passed a written examination
Demonstrated a practical experience of having completed
five closed real estate transactions in the field of buyer
representation.
Received recommendations from two of the real estate
practitioners buyer clients.
Be a member in good standing with the NATIONAL ASSOCIATION
OF REALTORS®
Look for those real estate agents that proudly display the
ABR® designation and know that they are professionals in the
field of buyer representation.
Here are the
highlights from the
2005 Council membership survey for CRS Designees
CRS Designees earn an average of $160,500
annually, a 25 percent increase over the $120,000 earned in 2002.
This is more than 4 times the $38,300 median
income of REALTORS serving as sales associates. (Source:
2005 NAR Member Profile)
CRS Designees average a total of 32 transactions
per year with gross sales of $7 million annually.
CRS Designees represent the seller an average
of 20 times per year
CRS Designees represent the buyer an average
of 12 times per year
CRS Designees attribute a median 10 percent of
their income to holding the CRS Designation
CRS Designees have worked in residential real
estate for an average of 20 years.
CRS Designees have been members of the Council
for 10 years and held the CRS Designation for 9 years.
The majority of CRS Designees work as a sole
practitioner (69 percent). Less than a third (28 percent) works in
or leads a team.
CRS Designees are an average of 57 years old.
Some 67 percent of CRS Designees are women
while men make up 33 percent of the membership.
Some 51 percent of CRS Designees work for large
franchise companies versus 46 percent affiliated with independent
companies.
Why a
CRS?
Today, home buying and selling is faster, more complex, and more
competitive in every way. Our goal is to make the process a
little easier for you. The first step is choosing the right
REALTOR®.
EXPERIENCE - To earn the Certified Residential
Specialist (CRS) Designation, every REALTOR® must have
significant experience and volume of real estate transactions.
ETHICS - Every CRS Designee is required to maintain
membership in the NATIONAL ASSOCIATION OF REALTORS® and to abide
by its strict Code of Ethics.
A FOCUS ON HOME BUYING AND SELLING - To help make the
home buying and selling process more rewarding, every CRS
Designee must have a proven track record in the business, as
well as advanced education in related areas like finance,
technology and marketing. Work with the top 5%
TECHNOLOGY EXPERTISE- The training available to CRS
Designees includes a strong focus on technology and its
applications in the real estate business.
CRS®, Certified Residential Specialist®
Agents can maximize their potential by earning the CRS® Designation
and joining the organization that has served top-producing
residential sales agents since 1977. The more than 35,000 CRS®
Designees benefit from nationwide referral opportunities, a
professional image that attracts customers, and sales and marketing
support. The CRS® Designation is awarded to experienced REALTORS®
who complete advanced training in listing and selling, and meet
rigorous production requirements.
GRI
-- Graduate, Realtor Institute is a professional
designation for those who have graduated from the Realtor
Institute, also associated with the National Association of
Realtors. REALTORS with this designation have completed a
comprehensive education program in residential real estate.
This is a 90-hour program.
When
is a Real Estate Agent a REALTOR®?
When they are a member of the NATIONAL ASSOCIATION OF REALTORS®,
The Voice for Real Estate® -- the world's largest professional
association. The term REALTOR® is a registered collective
membership mark that identifies a real estate professional who
is a member of the NATIONAL ASSOCIATION OF REALTORS® and
subscribes to its strict Code of Ethics.
Founded in 1908, NAR has grown from its original nucleus of 120
to today's 720,000 members. NAR is composed REALTORS® who are
involved in residential and commercial real estate as brokers,
salespeople, property managers, appraisers, counselors and
others engaged in all aspects of the real estate industry.
Members belong to one or more of some 1,700 local
associations/boards and 54 state and territory associations of
REALTORS®. They can join one of our many institutes, societies
and councils. Additionally, NAR offers members the opportunity
to be active in our appraisal and international real estate
specialty sections. REALTORS® are pledged to a strict Code of
Ethics and Standards of Practice.
Working for America's property owners, the National Association
provides a facility for professional development, research and
exchange of information among its members and to the public and
government for the purpose of preserving the free enterprise
system and the right to own real property.
