Have you ever noticed letters behind a Realtors® name on their business card or listing signs (i.e. John Smith, ABR, CRS, GRI) or noticed someone wearing pins with these letters on them? If so, have you ever asked or looked into what those acronyms mean? For the majority, those acronyms stand for designations or certifications that Realtors® have spent time and money to further their education in Real Estate in order to better serve their clients. The value that these designations and certifications provide is undeniable when working with a Realtor®.
In order to help you decipher what some of these acronyms are, we’ve prepared a list for you. The next time you work with a Realtor® you’ll have a better understanding of how much they value continuing their education to provide you the best service possible.
ABR Accredited Buyer Representative, a certification of NAR for buyer representation
ALC Accredited Land Consultant, a designation awarded by the REALTORS® Land Institute
ARA Arkansas REALTORS® Association
CCIM Certified Commercial Investment Member, a designation awarded by the CCIM Institute
COE REALTORS® Code of Ethics
CPM Certified Property Manager, a designation awarded by IREM
CRB Certified Real Estate Brokerage Manager, a designation awarded by the Council of R.E. Brokerage Managers
CRS Certified Residential Specialist, a designation awarded by the Council of Residential Specialists
ePRO A technology certification provided by NAR
GRI Graduate, REALTOR® Institute, a NAR designation awarded at state association level
GRLA ARA’s Leadership Academy
LFRO Limited Function Referral Office, a company licensed for the sole purpose of providing referrals to another firm
MLS Multiple Listing Service; MLSs are private databases that are created, maintained and paid for by real estate professionals to help their clients buy and sell property
NAR National Association of REALTORS®
REALTOR® A trademarked term denoting membership in the National Association of REALTORS®; not a generic term; Not all real estate agents are REALTORS®
RLI REALTORS® Land Institute, an affiliate of NAR
SRES Senior Real Estate Specialist, a designation offered by the California Association of REALTORS®—selling to seniors
WCR Women's Council of REALTORS®, and affiliate of NAR primarily for women but open to men
Regulations regarding real estate, as with every sector of the business world are subject to change and may not come to the attention of most individuals. When purchasing and/or selling your property, it is important that you not only trust your Realtor® but trust that they are knowledgeable and dedicated to providing you with the best experience possible.
House to House is distributed weekly by the Arkansas REALTORS® Association. For more information on homeownership in Arkansas, readers may visit www.ArkansasRealtors.com.