Health & Fitness
The CRS designation for realtors and what it means
The CRS designation for realtors and what it means.
CRS (Certified Residential Specialist) is an NAR (Nat’l. Assoc. of REALTORS®) recognized professional designation offered by the Council of Residential Specialists.
As reported on the CRS website, “The CRS Designation is the highest professional designation awarded to REALTORS® in the residential sales field. Fewer than 4 percent of all REALTORS® hold the CRS Designation.”
As you can see from the below requirements, if your agent has this designation, you are most likely to get a professional, full time, seasoned agent, as the requirements are as such:
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-75 transactions (completed) within any five years OR $25 million (in sales) within any five years;
- 25 transactions (with no time frame) or $8 million with a minimum of 10 transactions within any 2 years;
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-150 Transactions OR An average of $1 million per year of experience with a minimum of 40 transactions (i.e. 10 years=$10 mil, 15 years = $15 mil, 25 years=$25 mil, etc.);
-For Managers, directly oversee a minimum of 400 closed residential transactions OR Directly oversee $80 million in closed residential transactions OR Have 4 years of real estate management experience.
In addition, those who hold the CRS designation receive further education, tools and resources from the Council of Residential Specialists.
You can locate an agent with this designation through the following websites:
http://www.crs.com/ or call the council directly at 1-800-462-8841.
http://www.realtor.com/realestateagents/ you can search agents by their NAR (Nat’l.Assoc. of REALTORS®) designation. Note, you can verify NAR designations through this site, as NAR does a designation check.
If you would like to further check the status of your realtor, you can go to:
http://www.dre.ca.gov/gen_lic_info.html and go down to License Status Check and choose Real Estate Brokers and Salespersons. You can look up by name or DRE license number. However, this site will not verify their NAR or other designations and/or certification as a Realtor.