\nRepresentative (ABR)<\/td>\n
\nwork primarily with homebuyers<\/td>\n
\n(SRS)<\/td>\n
\nspecialize in listing properties<\/td>\n
\n(CRS)<\/td>\n
\nrecognition and training for selling
\nproperties<\/td>\n
\n(MRP)<\/td>\n
\nmilitary families find and finance
\nproperties<\/td>\n
\n(SRES)<\/td>\n
\nin working with maturing
\nhomebuyers and sellers<\/td>\n
\n(CRE)<\/td>\n
\nvolume of sales and active
\ncommunity involvement<\/td>\n
\n Investment Member (CCIM)<\/td>\n
\nand brokers<\/td>\n
\nSpecialist (CIPS)<\/td>\n
\n buyers and international investors<\/td>\n
\n(LHC)<\/td>\n
\nreal estate agents<\/td>\n
\n(CPM)<\/td>\n
<\/p>\n
1. Accredited Buyer\u2019s Representative (ABR)<\/h3>\n\n![\"ABR](\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\")
<\/figure>\n<\/div>\n\n- \n
\t\t<\/p>\n
\t\t
\n\t\t\t
\n\t\t\tCost:
\n\t\t\t<\/span>
\n\t\t\tFree for the online course (for NAR members)\t\t<\/span> <\/p>\n<\/li>\n- \n
\t\t<\/p>\n
\t\t
\n\t\t\t
\n\t\t\tBest for:
\n\t\t\t<\/span>
\n\t\t\tResidential realtors who want to work primarily with homebuyers\t\t<\/span> <\/p>\n<\/li>\n- \n
\t\t<\/p>\n
\t\t
\n\t\t\t
\n\t\t\tTime commitment:
\n\t\t\t<\/span>
\n\t\t\tTwo-day course\t\t<\/span> <\/p>\n<\/li>\n- \n
\t\t<\/p>\n
\t\t
\n\t\t\t
\n\t\t\tWhere to get it:
\n\t\t\t<\/span>
\n\t\t\tNational Association of Realtors<\/a>\t\t<\/span> <\/p>\n<\/li>\n<\/ul>\nThe Accredited Buyer\u2019s Representative (ABR) designation might be the edge you need to work with buyers in a crowded market. ABR is the most popular of all the National Association of Realtors certifications. It includes valuable education about working with buyers, ongoing resources, and updates about the industry. This skill set will help you attract, communicate, and convert buyers more successfully and make transactions run more smoothly. <\/p>\n
Before starting the two-day course, you must complete at least five transactions as a buyer\u2019s agent and be a member of the NAR. However, once you earn the ABR designation, the NAR provides ongoing education, resources, marketing tools, and networking opportunities.<\/p>\n
2. Seller Representative Specialist (SRS)<\/h3>\n\n<\/figure>\n<\/div>\n\n- \n
\t\t<\/p>\n
\t\t
\n\t\t\t
\n\t\t\tCost:
\n\t\t\t<\/span>
\n\t\t\t$295\t\t<\/span> <\/p>\n<\/li>\n- \n
\t\t<\/p>\n
\t\t
\n\t\t\t
\n\t\t\tBest for:
\n\t\t\t<\/span>
\n\t\t\tResidential realtors wanting to specialize in listing properties for sale\t\t<\/span> <\/p>\n<\/li>\n- \n
\t\t<\/p>\n
\t\t
\n\t\t\t
\n\t\t\tTime commitment:
\n\t\t\t<\/span>
\n\t\t\tAbout a week\t\t<\/span> <\/p>\n<\/li>\n- \n
\t\t<\/p>\n
\t\t
\n\t\t\t
\n\t\t\tWhere to get it:
\n\t\t\t<\/span>
\n\t\t\tReal Estate Business Institute (REBI)<\/a>\t\t<\/span> <\/p>\n<\/li>\n<\/ul>\nLike the ABR, the SRS is the go-to certification for residential realtors who want to stand out as listing agents. Having this designation gives homeowners actual proof that you know how to sell homes. Plus, the SRS designation is one of the few that will appear on your National Realtor Database System record, showing that you\u2019re recognized by the country’s most prominent professional trade organization for your excellence as a listing agent.<\/p>\n
3. Certified Residential Specialist (CRS)<\/h3>\n\n<\/figure>\n<\/div>\n\n- \n
\t\t<\/p>\n
\t\t
\n\t\t\t
\n\t\t\tCost:
\n\t\t\t<\/span>
\n\t\t\t$99 application fee, $195 annual membership fee, $2,000+ for classes\t\t<\/span> <\/p>\n<\/li>\n- \n
\t\t<\/p>\n
\t\t
\n\t\t\t
\n\t\t\tBest for:
\n\t\t\t<\/span>
\n\t\t\tResidential realtors who want the highest recognition and training for selling properties\t\t<\/span> <\/p>\n<\/li>\n- \n
\t\t<\/p>\n
\t\t
\n\t\t\t
\n\t\t\tTime commitment:
\n\t\t\t<\/span>
\n\t\t\t4 to 6 weeks\t\t<\/span> <\/p>\n<\/li>\n- \n
\t\t<\/p>\n
\t\t
\n\t\t\t
\n\t\t\tWhere to get it:
\n\t\t\t<\/span>
\n\t\t\tResidential Real Estate Council<\/a>\t\t<\/span> <\/p>\n<\/li>\n<\/ul>\nThe CRS designation is much more intensive than the ABR and SRS, which means it has a higher cost and is generally more valued by clients. It\u2019s focused primarily on listing and selling, so it\u2019s only available to experienced agents (with at least 60 completed transactions or $30 million in sales in the last five years).<\/p>\n
It takes weeks of rigorous training and an investment of over $2,000, so it isn\u2019t the right fit for every agent. However, it\u2019s well-known as the highest certification that residential agents can earn, so it is a valuable use of your time and effort. In addition to specialized education, community, and support, this designation includes subscriptions to multiple publications and provides branded marketing materials and an online directory.<\/p>\n
4. Military Relocation Professional (MRP)<\/h3>\n\n<\/figure>\n<\/div>\n\n- \n
\t\t<\/p>\n
\t\t
\n\t\t\t
\n\t\t\tCost:
\n\t\t\t<\/span>
\n\t\t\t$195\t\t<\/span> <\/p>\n<\/li>\n- \n
\t\t<\/p>\n
\t\t
\n\t\t\t
\n\t\t\tBest for:
\n\t\t\t<\/span>
\n\t\t\tRealtors who specialize in helping military families find and finance properties\t\t<\/span> <\/p>\n<\/li>\n- \n
\t\t<\/p>\n
\t\t
\n\t\t\t
\n\t\t\tTime commitment:
\n\t\t\t<\/span>
\n\t\t\tOne day\t\t<\/span> <\/p>\n<\/li>\n- \n
\t\t<\/p>\n
\t\t
\n\t\t\t
\n\t\t\tWhere to get it:
\n\t\t\t<\/span>
\n\t\t\tNational Association of Realtors<\/a>\t\t<\/span> <\/p>\n<\/li>\n<\/ul>\nThe MRP designation gives you specific training on serving military clients with unique needs, challenges, and VA financing. This program is an NAR certification course that goes in-depth to help you understand the military market. The MRP is an ideal designation to work for if you\u2019re interested in working with military families and want to stand out as their go-to resource when they\u2019re relocating to your area.<\/p>\n
5. Seniors Real Estate Specialist (SRES)<\/h3>\n\n<\/figure>\n<\/div>\n\n- \n
\t\t<\/p>\n
\t\t
\n\t\t\t
\n\t\t\tCost:
\n\t\t\t<\/span>
\n\t\t\t$295 plus $99 per year to the SRES Council\t\t<\/span> <\/p>\n<\/li>\n- \n
\t\t<\/p>\n
\t\t
\n\t\t\t
\n\t\t\tBest for:
\n\t\t\t<\/span>
\n\t\t\tResidential realtors wanting to specialize in working with maturing homebuyers and sellers\t\t<\/span> <\/p>\n<\/li>\n- \n
\t\t<\/p>\n
\t\t
\n\t\t\t
\n\t\t\tTime commitment:
\n\t\t\t<\/span>
\n\t\t\tTwo days\t\t<\/span> <\/p>\n<\/li>\n- \n
\t\t<\/p>\n
\t\t
\n\t\t\t
\n\t\t\tWhere to get it:
\n\t\t\t<\/span>
\n\t\t\tNational Association of Realtors<\/a>\t\t<\/span> <\/p>\n<\/li>\n<\/ul>\nThe SRES designation is for those wanting to work with older homebuyers and sellers, helping you identify and understand their specific needs and considerations. For example, the SRES course includes education on various housing options for senior buyers or homeowners and how to use pensions, 401(k) accounts, and IRAs to finance properties. <\/p>\n
The resources in this course will help you support older clientele and minimize stress on all sides of a transaction\u2014making you highly respected within this niche. Plus, the course is offered by the NAR, so it comes with additional benefits like newsletters, an SRES member database, and marketing scripts and materials.<\/p>\n
6. Counselor of Real Estate (CRE)<\/h3>\n\n<\/figure>\n<\/div>\n\n- \n
\t\t<\/p>\n
\t\t
\n\t\t\t
\n\t\t\tCost:
\n\t\t\t<\/span>
\n\t\t\t$2,500 plus annual dues of $1,950\t\t<\/span> <\/p>\n<\/li>\n- \n
\t\t<\/p>\n
\t\t
\n\t\t\t
\n\t\t\tBest for:
\n\t\t\t<\/span>
\n\t\t\tExperienced agents with a high volume of sales and active community involvement\t\t<\/span> <\/p>\n<\/li>\n- \n
\t\t<\/p>\n
\t\t
\n\t\t\t
\n\t\t\tTime commitment:
\n\t\t\t<\/span>
\n\t\t\t2 to 3 months\t\t<\/span> <\/p>\n<\/li>\n- \n
\t\t<\/p>\n
\t\t
\n\t\t\t
\n\t\t\tWhere to get it:
\n\t\t\t<\/span>
\n\t\t\tThe Counselors of Real Estate<\/a>\t\t<\/span> <\/p>\n<\/li>\n<\/ul>\nThe CRE is as much an award as it is a designation. Unlike all the other real estate designations I\u2019ve recommended, this one is only available by invitation. You must have at least ten years of experience and stand out with innovation, problem-solving, and community involvement. Although there\u2019s no course to be a CRE, members get access to an active networking group and a weekly email with industry news and updates. CREs are typically nominated by other CREs, so networking with experienced agents will be critical if you want to earn this certification.<\/p>\n
7. Certified Commercial Investment Member (CCIM)<\/h3>\n\n<\/figure>\n<\/div>\n\n- \n
\t\t<\/p>\n
\t\t
\n\t\t\t
\n\t\t\tCost:
\n\t\t\t<\/span>
\n\t\t\t$5,496 to $8,074 for tuition, plus $695 per year\t\t<\/span> <\/p>\n<\/li>\n- \n
\t\t<\/p>\n
\t\t
\n\t\t\t
\n\t\t\tBest for:
\n\t\t\t<\/span>
\n\t\t\tCommercial real estate agents and brokers\t\t<\/span> <\/p>\n<\/li>\n- \n
\t\t<\/p>\n
\t\t
\n\t\t\t
\n\t\t\tTime commitment:
\n\t\t\t<\/span>
\n\t\t\t1 to 3 years\t\t<\/span> <\/p>\n<\/li>\n- \n
\t\t<\/p>\n
\t\t
\n\t\t\t
\n\t\t\tWhere to get it:
\n\t\t\t<\/span>
\n\t\t\tThe CCIM Institute<\/a>\t\t<\/span> <\/p>\n<\/li>\n<\/ul>\nThe CCIM is the gold standard of commercial real estate designations. Legally, any licensed real estate agent can work on a commercial real estate deal. Still, building a real estate niche<\/a> in commercial properties will be extremely challenging without this designation. It\u2019s only available to earn if you have a solid real estate resume, with at least three commercial transactions under your belt and $10 million in sales.<\/p>\nThe CCIM is more like a college program than a simple certification course, requiring a few years of dedication and a large financial investment. However, being a commercial real estate agent<\/a> generally results in a significantly higher income so the effort will pay off.<\/p>\n8. Certified International Property Specialist (CIPS)<\/h3>\n\n<\/figure>\n<\/div>\n\n- \n
\t\t<\/p>\n
\t\t
\n\t\t\t
\n\t\t\tCost:
\n\t\t\t<\/span>
\n\t\t\t$149 for the course, $75 application fee, and $220 in annual dues\t\t<\/span> <\/p>\n<\/li>\n- \n
\t\t<\/p>\n
\t\t
\n\t\t\t
\n\t\t\tBest for:
\n\t\t\t<\/span>
\n\t\t\tAgents who work with foreign buyers and international investors\t\t<\/span> <\/p>\n<\/li>\n- \n
\t\t<\/p>\n
\t\t
\n\t\t\t
\n\t\t\tTime commitment:
\n\t\t\t<\/span>
\n\t\t\t6 to 8 weeks\t\t<\/span> <\/p>\n<\/li>\n- \n
\t\t<\/p>\n
\t\t
\n\t\t\t
\n\t\t\tWhere to get it:
\n\t\t\t<\/span>
\n\t\t\tNational Association of Realtors<\/a>\t\t<\/span> <\/p>\n<\/li>\n<\/ul>\nThis designation is for agents who want specialized knowledge about the intricacies of international real estate transactions. Like other niche designations, foreign buyers and investors have specific challenges, and this course helps you understand their challenges and potential solutions. Plus, CIPS designation holders get branded, customizable marketing tools and an online directory to help them market more effectively to international buyers. <\/p>\n
To get this designation, you must have at least three transactions involving foreign parties and meet a minimum threshold of international business experience or foreign language mastery. These requirements will exclude a lot of realtors, but if you put in the effort, this is an affordable designation in a very lucrative specialty.<\/p>\n
9. Luxury Homes Certification (LHC)<\/h3>\n\n<\/figure>\n<\/div>\n\n- \n
\t\t<\/p>\n
\t\t
\n\t\t\t
\n\t\t\tCost:
\n\t\t\t<\/span>
\n\t\t\t$99 to $259, depending on your membership to the Residential Resource Council and course format (live classroom or online self-study)\t\t<\/span> <\/p>\n<\/li>\n- \n
\t\t<\/p>\n
\t\t
\n\t\t\t
\n\t\t\tBest for:
\n\t\t\t<\/span>
\n\t\t\tLuxury real estate agents\t\t<\/span> <\/p>\n<\/li>\n- \n
\t\t<\/p>\n
\t\t
\n\t\t\t
\n\t\t\tTime commitment:
\n\t\t\t<\/span>
\n\t\t\t13 hours\t\t<\/span> <\/p>\n<\/li>\n- \n
\t\t<\/p>\n
\t\t
\n\t\t\t
\n\t\t\tWhere to get it:
\n\t\t\t<\/span>
\n\t\t\tResidential Real Estate Council<\/a>\t\t<\/span> <\/p>\n<\/li>\n<\/ul>\nThe LHS designation is designed for agents already working with high-end properties or wanting to become luxury real estate agents<\/a>. The only requirement to earn this certification is that you\u2019re a member of the NAR, and it\u2019s one of the most affordable options on this list. The 13-hour course includes details on how to price luxury homes with unique home features, negotiation tactics, and how to start working with luxury real estate. <\/p>\nThere is also a complete module on how to be successful in this niche. The LHC is an excellent certification to work towards because it will increase your chances of working in a market that will directly increase your potential income, and it\u2019s relatively easy to qualify for and complete.<\/p>\n
10. Certified Property Manager (CPM)<\/h3>\n\n<\/figure>\n<\/div>\n\n- \n
\t\t<\/p>\n
\t\t
\n\t\t\t
\n\t\t\tCost:
\n\t\t\t<\/span>
\n\t\t\t$7,600 to $8,600\t\t<\/span> <\/p>\n<\/li>\n- \n
\t\t<\/p>\n
\t\t
\n\t\t\t
\n\t\t\tBest for:
\n\t\t\t<\/span>
\n\t\t\tCurrent property managers\t\t<\/span> <\/p>\n<\/li>\n- \n
\t\t<\/p>\n
\t\t
\n\t\t\t
\n\t\t\tTime commitment:
\n\t\t\t<\/span>
\n\t\t\t14 to 18 months\t\t<\/span> <\/p>\n<\/li>\n- \n
\t\t<\/p>\n
\t\t
\n\t\t\t
\n\t\t\tWhere to get it:
\n\t\t\t<\/span>
\n\t\t\tInstitute of Real Estate Management (IREM)<\/a>\t\t<\/span> <\/p>\n<\/li>\n<\/ul>\nThe CPM certification is the dominant professional accreditation in the property management industry. The CPM is not an entry-level program for brand-new agents but for licensed professionals already managing properties. To receive the CRM designation, you must be a NAR member, complete a one-year candidacy, and be interviewed and approved by a representative of your local Institute of Real Estate Management (IREM) chapter.<\/p>\n
After that, there are eight to ten courses (depending on your choice of electives) to complete. You\u2019ll need 36 months of qualifying property management experience by graduation. Even though this certification requires a considerable investment of time and money, the IREM says that those with this designation make more than double<\/a> the average property manager.<\/p>\n\n<\/span>\n<\/div>\n\nNote:<\/strong> The CPM is the main certification program for property managers, but it isn\u2019t the only one. If you want even more of a specialty within the property management industry, check out other certifications like the Accredited Residential Manager (ARM)<\/a> or Accredited Commercial Manager (ACoM\u00ae)<\/a>.<\/p>\n<\/div>\n<\/div>\nFAQs<\/h2>\n\nWhat are the best real estate designations?
\n\t\t\t\t<\/h3>\n
<\/div>\n
\nA few of the most well-known real estate designations are the Accredited Buyer\u2019s Representative (ABR), Seller Representative Specialist (SRS), and Certified Residential Specialist (CRS). However, the best real estate designation depends on each agent\u2019s individual goals. For example, if you want to work in commercial real estate, then a commercial real estate designation like Certified Commercial Investment Member (CCIM) would be best for you.<\/p>\n<\/div>\n
\n\nWhat does the designation \u201cRealtor\u201d refer to?
\n\t\t\t\t<\/h3>\n
<\/div>\n
\nThe Realtor designation is for licensed real estate agents who are National Association of Realtors (NAR) members. Not every real estate agent is a realtor, but every realtor is a licensed agent. To learn more about what it means to be a Realtor, read Realtor vs Real Estate Agent: What\u2019s the Difference?<\/a><\/p>\n<\/div>\n
\n\nWhat is the difference between a certification and a designation?
\n\t\t\t\t<\/h3>\n
<\/div>\n
\nReal estate designations and certifications are very similar. The real difference between the two is that designees have to pay annual dues, while those who hold certifications only need to pay an initial application fee.<\/p>\n<\/div>\n
\nBringing It All Together<\/h2>\n
Real estate designations aren\u2019t a requirement for a successful real estate career, but they can be instrumental in helping agents build their skillset, reputation, or niche. Understanding some of the best realtor designations, you will choose the right one for your real estate career.<\/p>\n
The post 10 Real Estate Designations & Certifications That Make You Money<\/a> appeared first on The Close<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Real estate designations and certifications are special endorsements to add to your real estate expertise arsenal. They aren\u2019t required, but they go a long way in making you stand out from the crowd and building trust. Trade organizations and other real estate institutions offer real estate designations and include the education and support you need to develop a stronger skillset or start working in a specialty, like buyers, luxury homes, or investors. The right real estate certificates for you depend … Continue reading “10 Real Estate Designations & Certifications That Make You Money”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":893,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/ferraro-zugibe.com\/index.php\/wp-json\/wp\/v2\/posts\/891"}],"collection":[{"href":"https:\/\/ferraro-zugibe.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ferraro-zugibe.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ferraro-zugibe.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ferraro-zugibe.com\/index.php\/wp-json\/wp\/v2\/comments?post=891"}],"version-history":[{"count":2,"href":"https:\/\/ferraro-zugibe.com\/index.php\/wp-json\/wp\/v2\/posts\/891\/revisions"}],"predecessor-version":[{"id":904,"href":"https:\/\/ferraro-zugibe.com\/index.php\/wp-json\/wp\/v2\/posts\/891\/revisions\/904"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ferraro-zugibe.com\/index.php\/wp-json\/wp\/v2\/media\/893"}],"wp:attachment":[{"href":"https:\/\/ferraro-zugibe.com\/index.php\/wp-json\/wp\/v2\/media?parent=891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ferraro-zugibe.com\/index.php\/wp-json\/wp\/v2\/categories?post=891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ferraro-zugibe.com\/index.php\/wp-json\/wp\/v2\/tags?post=891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"ABR](\"https:\/\/ferraro-zugibe.com\/wp-content\/uploads\/2024\/09\/Logo_ABR_Designation.png\"){kind=logo}
<\/figure>\n<\/div>\n- \n
- \n
\t\t
<\/p>\n\t\t
\n\t\t\t
\n\t\t\tCost:
\n\t\t\t<\/span>
\n\t\t\tFree for the online course (for NAR members)\t\t<\/span> <\/p>\n<\/li>\n- \n
\t\t
<\/p>\n\t\t
\n\t\t\t
\n\t\t\tBest for:
\n\t\t\t<\/span>
\n\t\t\tResidential realtors who want to work primarily with homebuyers\t\t<\/span> <\/p>\n<\/li>\n- \n
\t\t
<\/p>\n\t\t
\n\t\t\t
\n\t\t\tTime commitment:
\n\t\t\t<\/span>
\n\t\t\tTwo-day course\t\t<\/span> <\/p>\n<\/li>\n- \n
\t\t
<\/p>\n\t\t
\n\t\t\t
\n\t\t\tWhere to get it:
\n\t\t\t<\/span>
\n\t\t\tNational Association of Realtors<\/a>\t\t<\/span> <\/p>\n<\/li>\n<\/ul>\nThe Accredited Buyer\u2019s Representative (ABR) designation might be the edge you need to work with buyers in a crowded market. ABR is the most popular of all the National Association of Realtors certifications. It includes valuable education about working with buyers, ongoing resources, and updates about the industry. This skill set will help you attract, communicate, and convert buyers more successfully and make transactions run more smoothly. <\/p>\n
Before starting the two-day course, you must complete at least five transactions as a buyer\u2019s agent and be a member of the NAR. However, once you earn the ABR designation, the NAR provides ongoing education, resources, marketing tools, and networking opportunities.<\/p>\n
2. Seller Representative Specialist (SRS)<\/h3>\n
\n<\/figure>\n<\/div>\n- \n
- \n
\t\t
<\/p>\n\t\t
\n\t\t\t
\n\t\t\tCost:
\n\t\t\t<\/span>
\n\t\t\t$295\t\t<\/span> <\/p>\n<\/li>\n- \n
\t\t
<\/p>\n\t\t
\n\t\t\t
\n\t\t\tBest for:
\n\t\t\t<\/span>
\n\t\t\tResidential realtors wanting to specialize in listing properties for sale\t\t<\/span> <\/p>\n<\/li>\n- \n
\t\t
<\/p>\n\t\t
\n\t\t\t
\n\t\t\tTime commitment:
\n\t\t\t<\/span>
\n\t\t\tAbout a week\t\t<\/span> <\/p>\n<\/li>\n- \n
\t\t
<\/p>\n\t\t
\n\t\t\t
\n\t\t\tWhere to get it:
\n\t\t\t<\/span>
\n\t\t\tReal Estate Business Institute (REBI)<\/a>\t\t<\/span> <\/p>\n<\/li>\n<\/ul>\nLike the ABR, the SRS is the go-to certification for residential realtors who want to stand out as listing agents. Having this designation gives homeowners actual proof that you know how to sell homes. Plus, the SRS designation is one of the few that will appear on your National Realtor Database System record, showing that you\u2019re recognized by the country’s most prominent professional trade organization for your excellence as a listing agent.<\/p>\n
3. Certified Residential Specialist (CRS)<\/h3>\n
\n<\/figure>\n<\/div>\n- \n
- \n
\t\t
<\/p>\n\t\t
\n\t\t\t
\n\t\t\tCost:
\n\t\t\t<\/span>
\n\t\t\t$99 application fee, $195 annual membership fee, $2,000+ for classes\t\t<\/span> <\/p>\n<\/li>\n- \n
\t\t
<\/p>\n\t\t
\n\t\t\t
\n\t\t\tBest for:
\n\t\t\t<\/span>
\n\t\t\tResidential realtors who want the highest recognition and training for selling properties\t\t<\/span> <\/p>\n<\/li>\n- \n
\t\t
<\/p>\n\t\t
\n\t\t\t
\n\t\t\tTime commitment:
\n\t\t\t<\/span>
\n\t\t\t4 to 6 weeks\t\t<\/span> <\/p>\n<\/li>\n- \n
\t\t
<\/p>\n\t\t
\n\t\t\t
\n\t\t\tWhere to get it:
\n\t\t\t<\/span>
\n\t\t\tResidential Real Estate Council<\/a>\t\t<\/span> <\/p>\n<\/li>\n<\/ul>\nThe CRS designation is much more intensive than the ABR and SRS, which means it has a higher cost and is generally more valued by clients. It\u2019s focused primarily on listing and selling, so it\u2019s only available to experienced agents (with at least 60 completed transactions or $30 million in sales in the last five years).<\/p>\n
It takes weeks of rigorous training and an investment of over $2,000, so it isn\u2019t the right fit for every agent. However, it\u2019s well-known as the highest certification that residential agents can earn, so it is a valuable use of your time and effort. In addition to specialized education, community, and support, this designation includes subscriptions to multiple publications and provides branded marketing materials and an online directory.<\/p>\n
4. Military Relocation Professional (MRP)<\/h3>\n
\n<\/figure>\n<\/div>\n- \n
- \n
\t\t
<\/p>\n\t\t
\n\t\t\t
\n\t\t\tCost:
\n\t\t\t<\/span>
\n\t\t\t$195\t\t<\/span> <\/p>\n<\/li>\n- \n
\t\t
<\/p>\n\t\t
\n\t\t\t
\n\t\t\tBest for:
\n\t\t\t<\/span>
\n\t\t\tRealtors who specialize in helping military families find and finance properties\t\t<\/span> <\/p>\n<\/li>\n- \n
\t\t
<\/p>\n\t\t
\n\t\t\t
\n\t\t\tTime commitment:
\n\t\t\t<\/span>
\n\t\t\tOne day\t\t<\/span> <\/p>\n<\/li>\n- \n
\t\t
<\/p>\n\t\t
\n\t\t\t
\n\t\t\tWhere to get it:
\n\t\t\t<\/span>
\n\t\t\tNational Association of Realtors<\/a>\t\t<\/span> <\/p>\n<\/li>\n<\/ul>\nThe MRP designation gives you specific training on serving military clients with unique needs, challenges, and VA financing. This program is an NAR certification course that goes in-depth to help you understand the military market. The MRP is an ideal designation to work for if you\u2019re interested in working with military families and want to stand out as their go-to resource when they\u2019re relocating to your area.<\/p>\n
5. Seniors Real Estate Specialist (SRES)<\/h3>\n
\n<\/figure>\n<\/div>\n- \n
- \n
\t\t
<\/p>\n\t\t
\n\t\t\t
\n\t\t\tCost:
\n\t\t\t<\/span>
\n\t\t\t$295 plus $99 per year to the SRES Council\t\t<\/span> <\/p>\n<\/li>\n- \n
\t\t
<\/p>\n\t\t
\n\t\t\t
\n\t\t\tBest for:
\n\t\t\t<\/span>
\n\t\t\tResidential realtors wanting to specialize in working with maturing homebuyers and sellers\t\t<\/span> <\/p>\n<\/li>\n- \n
\t\t
<\/p>\n\t\t
\n\t\t\t
\n\t\t\tTime commitment:
\n\t\t\t<\/span>
\n\t\t\tTwo days\t\t<\/span> <\/p>\n<\/li>\n- \n
\t\t
<\/p>\n\t\t
\n\t\t\t
\n\t\t\tWhere to get it:
\n\t\t\t<\/span>
\n\t\t\tNational Association of Realtors<\/a>\t\t<\/span> <\/p>\n<\/li>\n<\/ul>\nThe SRES designation is for those wanting to work with older homebuyers and sellers, helping you identify and understand their specific needs and considerations. For example, the SRES course includes education on various housing options for senior buyers or homeowners and how to use pensions, 401(k) accounts, and IRAs to finance properties. <\/p>\n
The resources in this course will help you support older clientele and minimize stress on all sides of a transaction\u2014making you highly respected within this niche. Plus, the course is offered by the NAR, so it comes with additional benefits like newsletters, an SRES member database, and marketing scripts and materials.<\/p>\n
6. Counselor of Real Estate (CRE)<\/h3>\n
\n<\/figure>\n<\/div>\n- \n
- \n
\t\t
<\/p>\n\t\t
\n\t\t\t
\n\t\t\tCost:
\n\t\t\t<\/span>
\n\t\t\t$2,500 plus annual dues of $1,950\t\t<\/span> <\/p>\n<\/li>\n- \n
\t\t
<\/p>\n\t\t
\n\t\t\t
\n\t\t\tBest for:
\n\t\t\t<\/span>
\n\t\t\tExperienced agents with a high volume of sales and active community involvement\t\t<\/span> <\/p>\n<\/li>\n- \n
\t\t
<\/p>\n\t\t
\n\t\t\t
\n\t\t\tTime commitment:
\n\t\t\t<\/span>
\n\t\t\t2 to 3 months\t\t<\/span> <\/p>\n<\/li>\n- \n
\t\t
<\/p>\n\t\t
\n\t\t\t
\n\t\t\tWhere to get it:
\n\t\t\t<\/span>
\n\t\t\tThe Counselors of Real Estate<\/a>\t\t<\/span> <\/p>\n<\/li>\n<\/ul>\nThe CRE is as much an award as it is a designation. Unlike all the other real estate designations I\u2019ve recommended, this one is only available by invitation. You must have at least ten years of experience and stand out with innovation, problem-solving, and community involvement. Although there\u2019s no course to be a CRE, members get access to an active networking group and a weekly email with industry news and updates. CREs are typically nominated by other CREs, so networking with experienced agents will be critical if you want to earn this certification.<\/p>\n
7. Certified Commercial Investment Member (CCIM)<\/h3>\n
\n<\/figure>\n<\/div>\n- \n
- \n
\t\t
<\/p>\n\t\t
\n\t\t\t
\n\t\t\tCost:
\n\t\t\t<\/span>
\n\t\t\t$5,496 to $8,074 for tuition, plus $695 per year\t\t<\/span> <\/p>\n<\/li>\n- \n
\t\t
<\/p>\n\t\t
\n\t\t\t
\n\t\t\tBest for:
\n\t\t\t<\/span>
\n\t\t\tCommercial real estate agents and brokers\t\t<\/span> <\/p>\n<\/li>\n- \n
\t\t
<\/p>\n\t\t
\n\t\t\t
\n\t\t\tTime commitment:
\n\t\t\t<\/span>
\n\t\t\t1 to 3 years\t\t<\/span> <\/p>\n<\/li>\n- \n
\t\t
<\/p>\n\t\t
\n\t\t\t
\n\t\t\tWhere to get it:
\n\t\t\t<\/span>
\n\t\t\tThe CCIM Institute<\/a>\t\t<\/span> <\/p>\n<\/li>\n<\/ul>\nThe CCIM is the gold standard of commercial real estate designations. Legally, any licensed real estate agent can work on a commercial real estate deal. Still, building a real estate niche<\/a> in commercial properties will be extremely challenging without this designation. It\u2019s only available to earn if you have a solid real estate resume, with at least three commercial transactions under your belt and $10 million in sales.<\/p>\n
The CCIM is more like a college program than a simple certification course, requiring a few years of dedication and a large financial investment. However, being a commercial real estate agent<\/a> generally results in a significantly higher income so the effort will pay off.<\/p>\n
8. Certified International Property Specialist (CIPS)<\/h3>\n
\n<\/figure>\n<\/div>\n- \n
- \n
\t\t
<\/p>\n\t\t
\n\t\t\t
\n\t\t\tCost:
\n\t\t\t<\/span>
\n\t\t\t$149 for the course, $75 application fee, and $220 in annual dues\t\t<\/span> <\/p>\n<\/li>\n- \n
\t\t
<\/p>\n\t\t
\n\t\t\t
\n\t\t\tBest for:
\n\t\t\t<\/span>
\n\t\t\tAgents who work with foreign buyers and international investors\t\t<\/span> <\/p>\n<\/li>\n- \n
\t\t
<\/p>\n\t\t
\n\t\t\t
\n\t\t\tTime commitment:
\n\t\t\t<\/span>
\n\t\t\t6 to 8 weeks\t\t<\/span> <\/p>\n<\/li>\n- \n
\t\t
<\/p>\n\t\t
\n\t\t\t
\n\t\t\tWhere to get it:
\n\t\t\t<\/span>
\n\t\t\tNational Association of Realtors<\/a>\t\t<\/span> <\/p>\n<\/li>\n<\/ul>\nThis designation is for agents who want specialized knowledge about the intricacies of international real estate transactions. Like other niche designations, foreign buyers and investors have specific challenges, and this course helps you understand their challenges and potential solutions. Plus, CIPS designation holders get branded, customizable marketing tools and an online directory to help them market more effectively to international buyers. <\/p>\n
To get this designation, you must have at least three transactions involving foreign parties and meet a minimum threshold of international business experience or foreign language mastery. These requirements will exclude a lot of realtors, but if you put in the effort, this is an affordable designation in a very lucrative specialty.<\/p>\n
9. Luxury Homes Certification (LHC)<\/h3>\n
\n<\/figure>\n<\/div>\n- \n
- \n
\t\t
<\/p>\n\t\t
\n\t\t\t
\n\t\t\tCost:
\n\t\t\t<\/span>
\n\t\t\t$99 to $259, depending on your membership to the Residential Resource Council and course format (live classroom or online self-study)\t\t<\/span> <\/p>\n<\/li>\n- \n
\t\t
<\/p>\n\t\t
\n\t\t\t
\n\t\t\tBest for:
\n\t\t\t<\/span>
\n\t\t\tLuxury real estate agents\t\t<\/span> <\/p>\n<\/li>\n- \n
\t\t
<\/p>\n\t\t
\n\t\t\t
\n\t\t\tTime commitment:
\n\t\t\t<\/span>
\n\t\t\t13 hours\t\t<\/span> <\/p>\n<\/li>\n- \n
\t\t
<\/p>\n\t\t
\n\t\t\t
\n\t\t\tWhere to get it:
\n\t\t\t<\/span>
\n\t\t\tResidential Real Estate Council<\/a>\t\t<\/span> <\/p>\n<\/li>\n<\/ul>\nThe LHS designation is designed for agents already working with high-end properties or wanting to become luxury real estate agents<\/a>. The only requirement to earn this certification is that you\u2019re a member of the NAR, and it\u2019s one of the most affordable options on this list. The 13-hour course includes details on how to price luxury homes with unique home features, negotiation tactics, and how to start working with luxury real estate. <\/p>\n
There is also a complete module on how to be successful in this niche. The LHC is an excellent certification to work towards because it will increase your chances of working in a market that will directly increase your potential income, and it\u2019s relatively easy to qualify for and complete.<\/p>\n
10. Certified Property Manager (CPM)<\/h3>\n
\n<\/figure>\n<\/div>\n- \n
- \n
\t\t
<\/p>\n\t\t
\n\t\t\t
\n\t\t\tCost:
\n\t\t\t<\/span>
\n\t\t\t$7,600 to $8,600\t\t<\/span> <\/p>\n<\/li>\n- \n
\t\t
<\/p>\n\t\t
\n\t\t\t
\n\t\t\tBest for:
\n\t\t\t<\/span>
\n\t\t\tCurrent property managers\t\t<\/span> <\/p>\n<\/li>\n- \n
\t\t
<\/p>\n\t\t
\n\t\t\t
\n\t\t\tTime commitment:
\n\t\t\t<\/span>
\n\t\t\t14 to 18 months\t\t<\/span> <\/p>\n<\/li>\n- \n
\t\t
<\/p>\n\t\t
\n\t\t\t
\n\t\t\tWhere to get it:
\n\t\t\t<\/span>
\n\t\t\tInstitute of Real Estate Management (IREM)<\/a>\t\t<\/span> <\/p>\n<\/li>\n<\/ul>\nThe CPM certification is the dominant professional accreditation in the property management industry. The CPM is not an entry-level program for brand-new agents but for licensed professionals already managing properties. To receive the CRM designation, you must be a NAR member, complete a one-year candidacy, and be interviewed and approved by a representative of your local Institute of Real Estate Management (IREM) chapter.<\/p>\n
After that, there are eight to ten courses (depending on your choice of electives) to complete. You\u2019ll need 36 months of qualifying property management experience by graduation. Even though this certification requires a considerable investment of time and money, the IREM says that those with this designation make more than double<\/a> the average property manager.<\/p>\n
\n<\/span>\n<\/div>\n\nNote:<\/strong> The CPM is the main certification program for property managers, but it isn\u2019t the only one. If you want even more of a specialty within the property management industry, check out other certifications like the Accredited Residential Manager (ARM)<\/a> or Accredited Commercial Manager (ACoM\u00ae)<\/a>.<\/p>\n<\/div>\n<\/div>\n
FAQs<\/h2>\n
\nWhat are the best real estate designations?
\n\t\t\t\t<\/h3>\n<\/div>\n\nA few of the most well-known real estate designations are the Accredited Buyer\u2019s Representative (ABR), Seller Representative Specialist (SRS), and Certified Residential Specialist (CRS). However, the best real estate designation depends on each agent\u2019s individual goals. For example, if you want to work in commercial real estate, then a commercial real estate designation like Certified Commercial Investment Member (CCIM) would be best for you.<\/p>\n<\/div>\n
\n\nWhat does the designation \u201cRealtor\u201d refer to?
\n\t\t\t\t<\/h3>\n<\/div>\n\nThe Realtor designation is for licensed real estate agents who are National Association of Realtors (NAR) members. Not every real estate agent is a realtor, but every realtor is a licensed agent. To learn more about what it means to be a Realtor, read Realtor vs Real Estate Agent: What\u2019s the Difference?<\/a><\/p>\n<\/div>\n
\n\nWhat is the difference between a certification and a designation?
\n\t\t\t\t<\/h3>\n<\/div>\n\nReal estate designations and certifications are very similar. The real difference between the two is that designees have to pay annual dues, while those who hold certifications only need to pay an initial application fee.<\/p>\n<\/div>\n
\nBringing It All Together<\/h2>\n
Real estate designations aren\u2019t a requirement for a successful real estate career, but they can be instrumental in helping agents build their skillset, reputation, or niche. Understanding some of the best realtor designations, you will choose the right one for your real estate career.<\/p>\n
The post 10 Real Estate Designations & Certifications That Make You Money<\/a> appeared first on The Close<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"
Real estate designations and certifications are special endorsements to add to your real estate expertise arsenal. They aren\u2019t required, but they go a long way in making you stand out from the crowd and building trust. Trade organizations and other real estate institutions offer real estate designations and include the education and support you need to develop a stronger skillset or start working in a specialty, like buyers, luxury homes, or investors. The right real estate certificates for you depend … Continue reading “10 Real Estate Designations & Certifications That Make You Money”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":893,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/ferraro-zugibe.com\/index.php\/wp-json\/wp\/v2\/posts\/891"}],"collection":[{"href":"https:\/\/ferraro-zugibe.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ferraro-zugibe.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ferraro-zugibe.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ferraro-zugibe.com\/index.php\/wp-json\/wp\/v2\/comments?post=891"}],"version-history":[{"count":2,"href":"https:\/\/ferraro-zugibe.com\/index.php\/wp-json\/wp\/v2\/posts\/891\/revisions"}],"predecessor-version":[{"id":904,"href":"https:\/\/ferraro-zugibe.com\/index.php\/wp-json\/wp\/v2\/posts\/891\/revisions\/904"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ferraro-zugibe.com\/index.php\/wp-json\/wp\/v2\/media\/893"}],"wp:attachment":[{"href":"https:\/\/ferraro-zugibe.com\/index.php\/wp-json\/wp\/v2\/media?parent=891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ferraro-zugibe.com\/index.php\/wp-json\/wp\/v2\/categories?post=891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ferraro-zugibe.com\/index.php\/wp-json\/wp\/v2\/tags?post=891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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