Are you looking for a certified residential specialist in New Orleans? Maybe you have heard about this type of certification and don’t know what it means. You might wonder what makes them different from other real estate professionals.
The CRS designation comes from the Residential Real Estate Council (RRC). It is also the highest designation residential real estate professionals can achieve. When you see this designation, it tells you its holder has met significant standards for training and experience.
This post will take a closer look at what it means to be a certified residential specialist.
Certified Residential Specialist in New Orleans
A Focus on Residential Real Estate
The first requirement is that the individual needs to be a residential real estate professional. That means professionals must hold a license to qualify. Along with that, the professional should focus on residential real estate. As the name suggests, the program is for professionals specializing in buying and selling residential real estate.
High Standards for Training and Education
There are two paths to certification: the 60/30/30 program and the pro program. Under the 60/30/30 program, you need at least 30 hours of RRC training. With the pro program, you need at least 16 credits of RRC education for certification.
The CRS designation is only for experienced real estate professionals. Not only that, but you need to meet specific experience requirements. For the 60/30/30 program, professionals need either $30 million in volume or over 60 transactions over the last five years. Under the pro program, an applicant needs over ten years as a licensed agent. It also requires over 150 or at least 40 transactions with an average of $1 million per year.
Good Standing and Reputation
The Residential Real Estate Council also has high ethical standards for CRS holders. To start, you must be a member of the RRC and have good standing to apply. The RRC also has an extensive code of conduct for members and CRS holders. Ethics violations can result in the individual losing their CRS designation.
Achieving a CRS designation is a significant accomplishment for a real estate professional. Once they have it, they also need to work to maintain it. CRS holders have to meet various requirements for continued education each year. They also need to attend various trade events. These requirements ensure that CRS holders stay current with the latest trends and standards of the industry.
Property Management in New Orleans
Contact Redfish Property Management for property management services in New Orleans. Along with being a property management expert, Billy Borrouso is also a CRS holder. With his skills and experience, he can help you get more from your rental properties.
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