Real Estate Designations: What Do They Mean?

Buying a home is likely the most expensive purchase you’ll make in your lifetime, so you want to be sure that you’re getting the best deal possible. To do so requires the help of an experienced real estate broker in Spring, TX. Having the right agent on your team can mean selling your home faster or getting the best deal for the forever home you’re trying to buy.

In our last blog, we shared tips for finding the right agent to meet your needs, but what more can you do besides interviewing prospective agents and asking the right questions? Just like doctors have specialties, so do real estate agents, many of whom get additional training in particular areas. Those letters found after a real estate agents name indicates that the agent has received specialized training in a specific area of real estate.

But what do the alphabet-soup acronyms mean? Here is a list of the most popular real estate designations and their meaning:

ABR (Accredited Buyer’s Representative) – This course is for real estate agents who represent buyers as a buyer’s agent. An agent who has earned this designation may elect to work as a listing agent or a buyer’s agent.

CRS (Certified Residential Specialist) – Agents who hold a CRS designation earn four times more than average agents.

GRI (Graduate Realtor Institute) – Approved by the National Association of Realtors and offered through state realtor associations, this course covers law, practice, finance, taxes, exchanges and more.

SRES (Seniors Real Estate Specialist) – Sponsored by the National Association of Realtors, the SRES designation is for agents who work with buyers and sellers over the age of 55.

Broker – A real estate broker is a person who represents sellers or buyers of real estate or property. Brokers and agents are licensed by the state to negotiate sales agreements and manage the documentation required for closing real estate transactions.

When you are looking to buy a home or sell your home, put your trust in our real estate brokers in Spring, TX. We’d be honored to help you with all of your real estate needs.