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Hank Bailey

Associate Broker

Designations and Certifications



 

Hank Bailey has been awarded the Accredited Buyer’s Representation (ABR) designation by the Real Estate Buyer’s Agent Council. (REBAC) of the NATIONAL ASSOCIATION OF REALTORS (NAR).

Hank joins more than 30,000 real estate professionals in North America who have earned the ABR designation. All were required to successfully complete a comprehensive course in buyer representation and an elective course focusing on a buyer representation specialty, both in addition to submitting documentation verifying professional experience in representing Buyers in a certain number of transactions. 

REBAC, founded in 1988, is the world's largest association of real estate professionals focusing specifically on representing the real estate buyer. There are more than 40,000 active members of the organization world-wide.  THE NATIONAL ASSOCIATION OF REALTORS, "The Voice for Real Estate," is the world's largest professional association, representing over 1,000,000 members involved in all aspects of the real estate industry.

One of the oldest and most prestigious professional designations dating back to 1977, the Certified Residential Specialist (CRS) is the highest credential awarded to residential sales agents, managers and brokers.

Education

  • Up to 48 CRS course credits, depending on the agent's history regarding the number of transactions and gross sales experience.
  • 32 elective credits
  • Elective credits can also be awarded for other designations and certifications, a bachelor’s degree, and high production volume.

Volume Requirements

  • U.S. CRS Designees under Pro-Program; Minimum of 150 home sales transactions with an average of at least $1 million in average sales volume annually for a 10 year time frame minimum.  (Through Q3 of 2015 Hank met qualification production requirements with more than 300 lifetime residential home sales and more than $45 million in sales volume since 2010 alone.)

 

A Seniors Real Estate Specialist® is experienced and knowledgeable in meeting your specific needs and that can make all the difference in the world.

As we age, we demand specialists in our health needs, so why not in our housing and equity needs as well? An SRES® brings:

  • A customized approach to your situation, working to fit your living situation in with your overall life plan
  • Expertise and patience throughout the transaction
  • An awareness of options and a network of solid, reliable referrals to help you in the process
  • A variety of choices to reduce out of pocket expenses, gain cash, or create or defer income streams to either stay independent or obtain financial assistance

The National Association of REALTORS® offers the SFR certification to REALTORS® who want to help both buyers and sellers navigate these complicated transactions, as demand for professional expertise with distressed sales grows. 

According to a recent NAR survey, nearly one-third of all existing homes sold recently were either short sales or foreclosures.  For many real estate professionals, short sales and foreclosures are the new “traditional” transaction.  REALTORS® who have earned the SFR certification know how to help sellers maneuver the complexities of short sales as well as help buyers pursue short sale and foreclosure opportunities.

“As leading advocates for home ownership, REALTORS® believe that any family that loses its home to foreclosure is one family too many, but unfortunately, there are situations in which people just cannot afford to keep their homes, and a foreclosure or a short sale results,” said 2009 NAR President Charles McMillan, a broker with Coldwell Banker Residential Brokerage in Dallas-Fort Worth. “Foreclosures and short sales can offer opportunities for home buyers and benefit the larger community, as well, but it’s extremely important to have the help of a real estate professional like a REALTOR® who has earned the SFR certification for these kinds of purchases.” 

The certification program includes training on how to qualify sellers for short sales, negotiate with lenders, protect buyers, and limit risk, and provides resources to help REALTORS® stay current on national and state-specific information as the market for these distressed properties evolves.