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Salesperson:
A licensed real estate agent, working under a
"Principle Broker".
Broker:
A licensed real estate agent who has been in the
business for at least 2 years, and has taken 90 hours of instruction. A test is
required for obtaining "Broker" status. A broker may open his or her
own office, or continue to work under a "Principle Broker".
Executive Broker:
A Broker with supervisory duties in an office.
Principle Broker:
The head of an office. Usually the owner, but not
necessarily. Responsible for all licensees working in the office.
A member of the National Association of Realtors.
Only a member of NAR is allowed to use the term Realtor.
GRI (Graduate of the Realtor's
Institute):
A professional designation. Earned by taking many
courses offered from the institute. Usually takes two years to achieve.
NAR's latest designation for agents using Internet
and email marketing. Earned by completing an on-line course that covers all
aspects of marketing real estate on the Internet and using email for
customer/client contacts.
ABR (Accredited Buyer's Representative):
A professional designation. Given to those who take
an intensive course designed to prepare the agent to represent buyers. Not
common but becoming more so.
CRS (Certified Residential
Specialist):
A professional designation. Earned by taking
courses offered through the CRS program. Only about 4 percent of real estate
agents hold this designation.
Given to agents that achieve a high level of
production during a single year.
Only awarded to those who achieve the highest
levels of production during a single year. Not to be confused with actual money
received!
*Lifetime Member:
Given to agents who are Million or Multi-Million
Dollar Club producers for three consecutive years.
*These designations are no longer given and are
replaced by the following:
Award for Excellence:
Given by the Arkansas Association of Realtors for
superior production during the year. This award recognizes levels of
achievement, and presents awards according to the following levels:
Bronze
Silver
Gold
Platinum
Diamond
Faucette School of Real Estate is licensed by the
Arkansas State Board of Private Career Education
Paul R. Bynum is an Executive Broker (License #
EB00044289), with
Coldwell Banker Faucette Real Estate Company in Fayetteville
Entire contents of website Ó 2004 by Paul R. Bynum
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