|
Term
|
Definition
|
|
ABR
|
The Accredited Buyer Representative
A buyer's agent represents the buyer in a real estate transaction for a fee; just as a seller's agent is hired to obtain the price and sale terms sought by the seller. Offered through the National Association of REALTORS® Real Estate Buyer's Agent Council, 430 N. Michigan Ave., Chicago, IL 60611 (800) 648-6224. www.REBAC.net
|
|
ABRM
|
Accredited Buyer Representative Manager
Geared toward real estate firm brokers, owners or managers who want 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. Offered through the National Association of REALTORS® Real Estate Buyer's Agent Council, 430 N. Michigan Ave., Chicago, IL 60611 (800) 648-6224. www.REBAC.net
|
|
AHWD
|
At Home with Diversity Program
At Home With Diversity (AHWD) is an NAR certification program designed to present a picture of the changing face of the real estate industry. More information can be found here from the National Association of REALTORS®.
|
|
ALC
|
Accredited Land Consultant
The REALTORS® Land Institute (RLI) is a membership organization created for and by land experts, dedicated to building knowledge, building relationships, and building business for its members- the extraordinary real estate professionals - who broker, lease, sell, develop, and manage our most precious resource: the land. Originally named the Farm & Land Institute, the organization was founded in 1944 and was originally an affiliate organization of the National Association of REALTORS®. Read more about the REALTORS® Land Institute history. Members of the REALTORS® Land Institute may earn the prestigious Accredited Land Consultant (ALC) Designation, which is conferred to only those land specialists who complete a rigorous education program and who achieve a volume of successful land transactions. Contact (800) 441-LAND (5263).www.rliland.com
|
|
AMO
|
Accredited Management Organization
The AMO accreditation is the only recognition of excellence given to real estate management firms. The requirements are now more relevant than ever to real estate managers, their clients, and the assets they manage. To earn the AMO accreditation, real estate management firms must now meet even more standards and abide by a new AMO Code of Professional Ethics - all based on Best Practices: Real Estate Management Service. www.irem.org
|
|
ARA
|
Accredited Rural Appraiser
The Accredited Rural Appraiser conducts valuation work on a wide range of property types that exist in rural parts of the country. These properties are often among the most complex properties from a valuation standpoint and require a sophisticated valuation expert to properly appraise them. American Society of Farm Managers and Rural Appraisers
|
|
ARM
|
Accredited Residential Manager
The certification awarded by the Institute of Real Estate Management (IREM) to specialists who manage residential properties. For more information, contact IREM at 312-329-6000. www.irem.org
|
|
ASA
|
Accredited Senior Appraiser
This describes professionals who perform valuations in all specialties for government agencies, banking/leasing institutions, financial, insurance companies, wealth management advisors or consumers. This includes appraisals of businesses, gems & jewelry, machinery & equipment, personal property and real property. These credentials are also for those professionals who perform appraisal report reviews or related management services. www.appraisers.org
|
|
ASP
|
Accredited Staging Professional
This describes professionals who want to start, build and run a profitable staging business or for professionals interested in adding the ASP® designation and Staging services as part of their current real estate, home redecorating or design business. International Association of Home Staging Professionals
|
|
CAHR
|
Certified Affordable Housing Member
Awarded by the Columbus REALTORS® to members who have committed their time and obtained experience in working the affordable (priced $215,000 and below) housing market.
|
|
CAI
|
Certified Auctioneers Institute
The Certified Auctioneers Institute is the most prestigious designation awarded in the auction industry. For more information visit the National Auctioneers Association.
|
|
CCIM
|
Certified Commercial Investment Member
CCIMs are recognized experts in commercial real estate brokerage, leasing, asset management, valuation, and investment analysis. The CCIM designation is offered by the Commercial Investment Real Estate Institute, 430 N. Michigan Ave., Chicago, IL 60611 (800) 621-7027. www.ccim.com
|
|
CDPE
|
Certified Distressed Property Expert®
A person with this designation has a thorough understanding of complex issues in today’s turbulent real estate industry and knowledge of foreclosure avoidance options available to homeowners. CDPEs can provide solutions, specifically short sales, for homeowners facing market hardships. www.cdpe.com
|
|
CIPS
|
Certified International Property Specialist
REALTORS® who hold the CIPS designation have been involved in a number of international real estate transactions. The CIPS designation is offered by NAR's International Section, 430 N. Michigan Ave., Chicago, IL 60611 (800) 354-2831
|
|
CPM
|
Certified Property Manager
REALTORS® who earn the CPM are property management specialists who have successfully completed intensive training in a variety of property management skills and situations. The CPM is offered by the Institute of Real Estate Management, 430 N. Michigan Ave., Chicago, IL 60611 (800) 837-0706. www.irem.org
|
|
CRB
|
Certified Real Estate Brokerage Manager
The CRB designation is recognized in the real estate profession as the symbol of management excellence and is awarded to brokerage owners and managers. The CRB designation is offered by the Real Estate Brokerage Manager's Council, 430 N. Michigan Ave., Chicago, IL 60611 (800) 621-8738. www.crb.com
|
|
CRE
|
Counselor of Real Estate
Real estate professionals who hold the CRE designation provide objective real estate advice to investors, builders and financial institutions. The designation is awarded to all members of The Counselors of Real Estate, an NAR affiliate that offers membership by invitation only, on either a self-initiated or sponsored basis. Members include practitioners of prominent real estate, financial, legal and accounting firms, as well as government and academic leaders. The Counselors of Real Estate is located at, 430 N. Michigan Ave., Chicago, IL 60611 312/329-8428. www.cre.org
|
|
CREM
|
Certified Real Estate Mentor
Certified Real Estate Mentor (CREM) is a Columbus REALTORS®’ designation program that trains a REALTOR® to be a mentor for other REALTORS®, assuring that shared knowledge, experience and wisdom help elevate professionalism in the industry and helps newer agents, team leaders, and other real estate agents with their real estate success. For information, contact Columbus REALTORS®. CREM Application.
|
|
CRS
|
Certified Residential Specialist
Residential salespeople who hold the CRS designation specialize in listing properties, selling, and investing, as well as mortgage financing and computer applications. The CRS designation is offered by the Residential Real Estate Council, 430 N. Michigan Ave., Suite 300, Chicago, IL 60611 (800) 462-8841. www.crs.com
|
|
e-PRO
|
Internet Certification Program
The e-PRO Certification Program is designed to keep agents on top of changes and help them thrive in the world of online real estate. For more info, visit e-PRO® (nar.realtor)
|
|
EBA
|
Exclusive Buyer Agent
320 W. Sabal Palm Place, Ste. 150, Longwood, FL 32779 (407) 767-7700. www.naeba.com/
|
|
GAA
|
General Accredited Appraiser
Awarded to appraisers whose education and experience exceed state appraisal certification requirements and is supported the National Association of REALTORS®.
|
|
Green
|
Green Designation
A sustainable property designation, the NAR Green designation is an educational program for residential, and commercial REALTORS® and property managers. For more information visit www.greenresourcecouncil.org.
|
|
GRI
|
Graduate, REALTOR® Institute
Awarded to REALTORS® who complete the 90-hour course which provides sound fundamental training in the critical skills and knowledge areas of the real estate business. Awarded by the Ohio Association of REALTORS®, 200 East Town Street, Columbus, Ohio 43215 (614) 228-6675. www.ohiorealtors.org
|
|
LTG
|
Leadership Training Graduate
Awarded to REALTORS® who have completed courses in personal and professional development. Offered by the Women's Council of REALTORS® (800) 245-8512. www.wcr.org
|
|
MAI
|
Member Appraisal Institute
MAI professional membership designation is held by appraisers who are experienced in the valuation of commercial, industrial, residential, and other types of properties and advise clients on real estate investment decisions. Offered by the Appraisal Institute, 875 N. Michigan Ave., Suite 2400, Chicago, IL 60611-1980, (312) 335-4100. www.appraisalinstitute.org
|
|
PMN
|
Performance Management Network
The Performance Management Network (PMN) designation focuses on developing negotiations strategies and tactics, networking and referrals, business planning and systems, personal performance management and leadership development. More info.
|
|
PSA
|
Pricing Strategy Advisor (PSA)
The Pricing Strategy Advisor (PSA) certification is specifically designed to enhance your skills in pricing properties, creating CMAs, working with appraisers, and guiding clients through the anxieties and misperceptions they often have about home values. More information.
|
|
RAA
|
Residential Accredited Appraiser
Members who hold these accreditations are state certified appraisers and must meet a specific number of hours of experience and education that exceed the state requirements. NAR's Real Estate Appraisal Section is located at 430 North Michigan Avenue Chicago, Illinois 60611 (800) 874-6500 ext. 8393. www.realtors.org and put 'RAA' in the Search field.
|
|
REBAC
|
Real Estate Buyers Council
Designates members of the Real Estate Buyers Council which focuses on all aspects of buyer representation. For more information, contact REBAC at (800) 648-6224. www.rebac.net
|
|
SFR
|
Short Sales and Foreclosures Resource
REALTORS® with the SFR certification can be a trusted resource for short sales and foreclosures. Their ability to close short sales and foreclosures depends in part on the confidence in seeing these transactions through. This award is presented by National Association of REALTORS®. For more information e-mail SFR@realtors.org, call 877/510-7855 or visit https://sfr.realtor/.
|
|
SIOR
|
Society of Industrial and Office REALTORS®
The SIOR designation recognizes a specialization in commercial real estate. To earn the designation, members must complete two educational courses, provide five years of documented, full-time work experience and meet a specific dollar-volume in sales and number of transactions annually, as set by the local SIOR® chapter. The SIOR is offered by the Society of Industrial and Office REALTORS®, 700 11th St., N.W. Washington, D.C. 20005 (202) 449-8200. www.SIOR.com
|
|
SRES
|
Senior Real Estate Specialist
This course of study addresses the special needs and concerns of maturing Americans when buying or selling residential or investment properties. For more information, contact the SENIOR Advantage Real Estate Marketing Program, P. O. Box 1260, Murphys, CA 95247, (800) 500-4564. https://sres.realtor/
|
|
TRC
|
Transnational Referral Certification
Offered by NAR, this certification prepares REALTORS® to make and receive referrals using the Transnational Referral system developed by the National Association of REALTORS® and the International Consortium of Real Estate Associations (ICREA).
|
