Broker

To use the term 'broker' in Texas, an individual must have 900 hours of training in excess of those required for a salesman's license and must pass a rigorous state examination. The individual must also have practiced as a licensed real estate salesperson for at least two years.

G.R.I.

(Graduate REALTOR® Institute) An individual using this designation has taken all the institute's required courses, including three, one-week courses covering such topics as marketing, contracts, counseling, law, and ethics, among others. They must also have passed an exam upon completion of each segment. Fewer than 10 percent of REALTORS® nationwide have this designation.

C.R.S.

(Certified Residential Specialist-- the next step after the G.R.I.) The REALTORS® National Marketing Institute awards this designation only to those who complete all required CRS courses, sell a certain volume, complete elective requirements and pass exams on each course. Courses cover residential marketing, investments, taxes and the systems and methods used by the top-selling agents around the country. The C.R.S. designation is the highest designation for residential real estate and has been earned by less than 3% of the 600,000+ REALTORs® in the United States.

C.R.P.

(Certified Relocation Professional) The prestigious Employee Relocation Council, an institute supported by most of the top 500 companies in the United States, awards this designation. To receive this designation, an individual must meet years of service requirements and pass a difficult comprehensive exam on all aspects of employee-relocation. Less than 1% of the 600,000+ REALTORS® in the U.S. have achieved this designation. For a list of CRP REALTORS® in your area, see the National Index of Relocation Professionals or contact the Dallas Real Estate Relocation Resource.

Buyer Broker, Buyer Representative, Buyer Agent

These terms indicate that the REALTOR® represents, and is the agent for, the Buyer. The agent is obligated by written agreement to protect the Buyer's interests and to negotiate the best price possible. Despite this arrangement, the agent may still collect a fee from the Seller.

dallasrelo, inc. © 1998, 1999, 2000, 2001, 2002, 2003, 2004, 2005, 2006, 2007, 2008