Pick a real estate agent - Select an agent with the right credentials
Just as doctors specialize, so do real estate agents. And even generalists will get additional training in some areas.
So that alphabet soup after the name can be an indication that the person has taken additional classes in a certain
specialty of real estate sales. Here's what some of the designations mean:
- CRS (Certified Residential Specialist): Completed additional training in handling residential real estate.
- ABR (Accredited Buyer's Representative): Completed additional education in representing buyers in a transaction.
- SRES (Seniors Real Estate Specialist): Completed training aimed at helping buyers and sellers in the 50-plus age range.
If the agent calls himself a Realtor with a capital "R," that means he's a member of the National Association of
Realtors. By hiring a Realtor, "the most important thing you get is an agent who formally pledges to support the code of
ethics," says Phipps.
Five years ago, one-third of real estate licensees were Realtors, he says. "Now, it's half."
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