ABR, the Accredited Buyer Representative designation, conferred by the Real Estate Buyer's Agent Council® (REBAC), confirms an agent's mastery of buyer representation. Agents who have earned the ABR designation have demonstrated experience in buyer representation by completing and closing a minimum of five real estate transactions in which they functioned as a buyer's representative. Two key areas emphasized in ABR training are how to identify potential problems with a property and how to negotiate the best price on behalf of the buyer. REBAC is an affiliate of the National Association of Realtors®.
Less than 5 percent of all Realtors hold the CRS designation.
The Certified Residential Specialist designation, conferred by the Council of Residential Specialists®, recognizes real estate agents for proven experience in marketing residential property. To earn the designation, agents must complete a program of advanced study covering areas such as investment real estate and real estate-related taxes. The Council of Residential Specialists is an affiliate of the National Association of Realtors. It is awarded only to those who complete strict educational requirements, combined with experience and sales results.
The GRI® (Graduate, Realtor Institute) designation is obtained by attending a specific, intensive series of a minimum of 90 hours of classroom instruction, covering subjects in contract law, professional standards, sales and marketing, finance, and risk reduction. The subject matter has been chosen to educate practitioners about local, state and national real estate practices that affect them, their clients and customers. GRI courses are taught by leading real estate professionals from around the country.
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"Location, Location, Location"
A common and phrase in real estate is "Location, location, location". What does this phrase really mean?
"Location" is repeated to emphasize how important the location is to the resale value of a home. A careful choice of location can maximize positive influences on future resale value, and minimize potential negative influences.
A "bad" neighborhood has a drastic impact on the resale value of a home. Almost anything on a home can be repaired, replaced, or remodeled to make it more livable and/or more saleable. But the area around the home cannot be changed by one homeowner. The only way to sell a home in a bad or declining area is to reduce the price and even then it may take a long time to sell.
"Bad" can mean an area where the homes are not maintained properly. It can also mean a street that has become a heavy traffic artery where it is noisy, or dangerous to try to cross the street.
While no one can accurately predict that a neighborhood will remain the same or improve a sharp real estate agent is aware of trends in the area that might affect the neighborhood in the future. This is especially important if you are moving to a new city and unfamiliar with the area.