Here are brief descriptions of various terms and designations that you may see associated with a REALTOR®.
- REALTOR®
- These persons are usually the owner, partner, or corporate officer of a real estate firm. They must be actively involved in the real estate profession.
- REALTOR-ASSOCIATE®
- These persons are actively involved in the real estate profession but are usually affiliated with or employed by a REALTOR®.
- ABR — Accredited Buyer Representative
- These persons have passed the Real Estate Buyer’s Agent Council (REBAC) ABR course and provided documentation of buyer agency experience.
- ABRM — Accredited Buyer Representative Manager
- These persons have passed both the REBAC ABR and ABRM courses, and provided documentation of management experience.
- ALC — Accredited Land Consultant
- These persons have specialized in one of 5 land brokerage areas: farms and ranches; undeveloped tracts of land; transitional and development land; subdivision and wholesaling of lots; site selection, and assemblage of land parcels. Completion of specific REALTORS® Land Institute (RLI) courses and extensive experience is required.
- CRB — Certified Real Estate Brokerage Management
- These persons have completed the Council of Real Estate Brokerage Managers educational and professional requirements in brokerage management.
- CRS — Certified Residential Specialists
- These persons have completed advanced training in selling residential properties. They must also have extensive experience. Council of Residential Specialists.
- GRI — Graduate REALTOR® Institute
- These persons have completed coursework in areas such as marketing and servicing listings and real estate law.
Prepared for Corning Credit Union by Remar Sutton & Associates, July 2004. Reviewed and updated May 2007. All rights reserved.
