|
Bob
Northern and Company, Realtors, agrees
to do the following: |
| 1. |
What
is a "Real Estate Salesman"?
|
| |
A
"Real Estate Salesman" is
a person licensed by the "Professional
and Occupational Department" of
the State of Virginia. The applicant
must take and pass basic prerequisite
courses to be eligible to sit for the
Virginia Real Estate Salesman's Test.
The salesman also has to pass a criminal
background check to be qualified for
licensure. Once the salesman passes
the written test by the State of Virginia
to become a "Real Estate Salesman",
he is licensed to sell homes and land
in Virginia. The salesman's license
must be held by a "Real Estate
Broker" who supervises the salesman.
|
| 2. |
What
is a "Real Estate Broker"?
|
| |
A
"Real Estate Broker" has higher
educational and experience requirements
than a "Real Estate Salesman".
In order to become a "Real Estate
Broker", an applicant must have
been gainfully employed as a real estate
salesman for at least 36 of the preceding
42 months. An applicant to become a
"Real Estate Broker" must
take and pass additional courses as
a prerequisite to sitting for the "Real
Estate Broker's" exam. This exam
is longer and more stringent than the
salesman's exam. A real estate broker
can choose to work as the "Head
Broker" and have his own company,
or he can choose to work for another
real estate broker as an "Associate
Broker". |
| 3. |
What
is a "Realtor"? |
| |
A
"Realtor" can be either a
real estate salesman or real estate
broker. In addition to observing the
laws of their state, Realtors subscribe
to a self imposed code of ethics through
their Local, State and National Association
of Realtors, which is a higher standard
of conduct than the state law.
|
| 4. |
What
is a "GRI"? |
| |
A
"G.R.I." is a "Graduate
of the Realtor's Institute".
Receipt of the "G.R.I." Designation
is generally considered the first step
of advanced learning through the Association
of Realtors. G.R.I. education is presented
to Realtors by the Local and State Associations
of Realtors. There are different "Modules"
covered to increase the agents knowledge
about marketing, ethics, laws, construction,
business management etc.
|
| 5. |
What
is a "C.R.S."? |
| |
A
"C.R.S." Designation means
Certified Residential Specialist.
This designation denotes that an agent
has been in the real estate business
for at least two years and has sold
at least 80 homes. Only 2% of all agents
nationally have received this certification
of achievement.
|
| 6. |
What
is a C.R.B.? |
| |
A
"C.R.B." means Certified Real
Estate Brokerage Manager.
This designation denotes that the agent
has managed a real estate office in
the capacity of a real estate broker
for a minimum of five years. Generally
C.R.B.'s are the most experienced agents
in the real estate business.
|
7. |
What
is an “A.B.R.”? |
| |
The
Accredited Buyer Representative (ABR®)
designation is the benchmark of excellence
in buyer representation. This coveted
designation is awarded to real estate
practitioners by the Real Estate Buyer's
Agent Council ("REBAC") of
the National Association of REALTORS |
8. |
What
is a “Realtor Emeritus”?
|
| |
A
Realtor Emeritus is one of the highest
honors given by the National Association
of Realtors. A Realtor Emeritus is a
time tested real estate professional
who has adhered to the highest ethics
and disciplines of the real estate profession
and has a minimum of 40 years of experience.
|
