RISMEDIA, May 23, 2007-“With the real estate industry saturated with too many agents, earning multiple designations has become more popular than ever before as a method to distinguish yourself from the masses” says Tom Mitchell, SVP of RealtyU. “Knowledge is key for successful agents,” he said.
According to Marc Gould vice president of Business Specialties, for the National Association of Realtors, “A designation tells you if an agent is serious about their career; that they’re willing to go out and get a higher level of training.”
Last year, NAR the largest provider and manger of designations, accounted for 20 of the total number of 63 real estate designations listed by RealtyU.
Since the previous survey, various new designations have been launched, says Mitchell and he is expecting that the final number this year will be over 80.
According to NAR research, Realtors with a designation earned a median annual income of $82,900; double that of $40,900 for those without a NAR designation. But strangely enough they also report that 74% of Realtors do not hold one of their designations and 90% do not hold a single NAR certification.
Now the time has come for everyone to review the list of designations, logos and contact details and help correct any errors. To view the current master list, go to http://www.coursedates.com/designations.htm. For any changes and updates e-mail Tom Mitchell at Mitchell@RealtyU.com.