NAR’s Alphabet Soup
By Charles Turner
ABR, Accredited Buyer Representative.
REBAC (Real Estate Buyer’s Agent Council)
ABRM, Accredited Buyer Representative Manager
REBAC (Real Estate Buyer’s Agent Council)
ALC, Accredited Land Consultant
CCIM, Certified Commercial Investment Member®
CIPS, Certified International Property Specialist
CPM, CERTIFIED PROPERTY MANAGER®
Institute of Real Estate Management (IREM)
CRB, Certified Real Estate Brokerage Manager
CRS®, Certified Residential Specialist®.
CRE, Counselor of Real Estate
GAA, General Accredited Appraiser
GRI Graduate REALTOR Institute
PMN, Performance Management Network
RCE, REALTOR® association Certified Executive.
Residential Accredited Appraiser
SRES®, Senior Real Estate Specialist
SIOR, Society of Industrial and Office REALTORS®
NAR Family Certifications
At Home with Diversity Certification
e-PRO®
REPAs, Real Estate Professional Assistants
Resort & Second-Home Markets Certification
You forgot one:
REO: Real Estate Owned (by the bank)
oh, and there’s:
NOD: Notice of Default
Sorry to change the subject from acronyms, but now I’m really worried. I’ve gotta admit I’ve been sort of entertained watching the housing market slump move through the country and I was glad about the prospect of housing becoming more affordable for people. I’m still glad houses will become more affordable over the next few years. And I think it’s a good thing when speculation is shaken out of a market and the mindset moves back to the old-fashioned idea of hard work and saving.
But now with all the turmoil in the credit markets…
So what’s got me really worried? News came in last night that AHM (American Home Mortgage), supposedly one of the safer lenders (they don’t do subprime) has pulled their declared dividend because of liquidity problems. That’s unprecedented. It seems rather ominous.