What Do Those Terms and Initials Mean After a REALTOR's® Name?
- 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.
- (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.
- (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
- (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
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