Real Estate Designations
Real estate mathematics can be very daunting and confusing. However, by beginning with a review of basic math skills and reinforcing what is already known, students will soon learn to apply real estate terminology and specific formulas to problems and tasks common in the....
Quick Answers: What Are Real Estate Designations?
To earn a real estate license, applicants complete 80 to 100 hours of real estate training. Then every few years, agents must pass continuing education to renew their licenses. But the learning and professional development doesn’t end there.
Real estate professional organizations offer real estate designations to real estate licensees. Designations are a great way for agents to demonstrate their real estate knowledge and expertise. Many designations focus on specific specialties.
What Are Real Estate Designations?
That collection of letters after an agent's name likely identifies a real estate designation. They're a common way agents expand their skills, develop a specialty, and increase their knowledge. Some designations offer exclusive tools and resources.
With specific designations, agents can communicate to prospective clients that they have expertise in particular markets, properties, or transactions. For example, designations can signal that an agent is well-versed in green buildings or skilled at helping senior clients.
The National Association of REALTORS, the largest real estate trade group, offers the most designations.
How Do You Get a Real Estate Designation?
To earn a real estate designation, you may be required to:
- Complete designation courses and elec.tive courses: Most designations require additional education
- Provide proof of the completion of a certain number of transactions in a subject area
- Have several years’ experiences as an active agent
- Be a member in a particular association
- Submit an application
- Successfully pass an exam
- Submit letters of recommendation
- Provide a resume and portfolio
- Pay a fee