Real estate designations are a great way to set yourself apart from the competition and show potential clients that you're committed to serving their needs. A real-estate designation is a certificate that you obtain by successfully completing specific courses.
There are a wide range of realtor designations available to you, and each one has its own unique benefits and payoff. The best designations will allow you to stand out, give you a focus, and show clients that you are able to help them achieve their real estate goals.
ABR - Accredited Buyers Representative Designation
This designation is great for new agents that want to be competitive in the buyer's marketplace. This designation is awarded to agents who are specially trained to help buyers through every stage of the home-buying process, from mortgage financing to closing. ABR can help you stand out among other agents in a busy market. This is especially true in hot markets where each agent is trying to do better than the other.
SRES - Senior Real Estate Specialist Designation
This niche program helps agents to meet the real estate needs for older Americans (50+). This designation gives you information about how seniors can reach retirement and housing goals. Additionally, it will allow you to access specialized marketing materials, scripts and consumer newsletters that will help you contact clients with concerns about downsizing and living on a fixed-income.
CRS – Certified Residential Specialist Designation
The CRS is a highly coveted designation that signifies a high level of professionalism and expertise in the residential real estate industry. It's an excellent choice for ambitious sales professionals, managers, and brokers who are serious and eager to grow their careers. You will need to have some transaction volume, experience, and be a member of both the NAR or the RRC.
GRI - Graduate, REALTOR(r) Institute Designation
GRI is a valuable real estate certification. You will receive in-depth training on legal issues, regulatory issues, technology standards, and sales. This certification will enable you to present yourself as a competent professional who is aware of industry trends, legal issues, and technological advancements.
PMN – Performance Management Network Designation
The PMN is a great real estate certification for agents who are interested in developing their leadership skills. It will help you hone your negotiation strategies, networking and referral skills, business planning, systems and personal performance.
RCE – REALTOR(r), Certified Executive Designation
The RCE professional designation is only available to association executives. RCE designers are motivated professionals with a goal-oriented mindset and a commitment for ongoing professional growth.
SRS-Seller Representative Specialist Designation
The SRS is another great real estate certification that will help you serve your seller clients with extra training in the sales process. This will allow your clients to receive a better service and help them sell faster.
FAQ
What are the disadvantages of a fixed-rate mortgage?
Fixed-rate loans are more expensive than adjustable-rate mortgages because they have higher initial costs. Additionally, if you decide not to sell your home by the end of the term you could lose a substantial amount due to the difference between your sale price and the outstanding balance.
What are the benefits associated with a fixed mortgage rate?
Fixed-rate mortgages guarantee that the interest rate will remain the same for the duration of the loan. This guarantees that your interest rate will not rise. Fixed-rate loans have lower monthly payments, because they are locked in for a specific term.
How many times may I refinance my home mortgage?
This depends on whether you are refinancing with another lender or using a mortgage broker. You can refinance in either of these cases once every five-year.
What should I do before I purchase a house in my area?
It all depends on how many years you plan to remain there. Save now if the goal is to stay for at most five years. You don't have too much to worry about if you plan on moving in the next two years.
Is it better buy or rent?
Renting is generally less expensive than buying a home. But, it's important to understand that you'll have to pay for additional expenses like utilities, repairs, and maintenance. The benefits of buying a house are not only obvious but also numerous. You'll have greater control over your living environment.
Statistics
- Based on your credit scores and other financial details, your lender offers you a 3.5% interest rate on loan. (investopedia.com)
- Some experts hypothesize that rates will hit five percent by the second half of 2018, but there has been no official confirmation one way or the other. (fortunebuilders.com)
- 10 years ago, homeownership was nearly 70%. (fortunebuilders.com)
- The FHA sets its desirable debt-to-income ratio at 43%. (fortunebuilders.com)
- Over the past year, mortgage rates have hovered between 3.9 and 4.5 percent—a less significant increase. (fortunebuilders.com)
External Links
How To
How to Locate Real Estate Agents
The real estate market is dominated by agents. They can sell properties and homes as well as provide property management and legal advice. You will find the best real estate agents with experience, knowledge and communication skills. You can look online for reviews and ask your friends and family to recommend qualified professionals. Consider hiring a local agent who is experienced in your area.
Realtors work with sellers and buyers of residential property. It is the job of a realtor to help clients sell or buy their home. In addition to helping clients find the perfect house, realtors also assist with negotiating contracts, managing inspections, and coordinating closing costs. Most realtors charge a commission fee based on the sale price of the property. However, some realtors don't charge a fee unless the transaction closes.
The National Association of Realtors(r) (NAR), offers many different types of real estate agents. NAR requires licensed realtors to pass a test. Certification is a requirement for all realtors. They must take a course, pass an exam and complete the required paperwork. NAR has set standards for professionals who are accredited as realtors.