Membership Matters 2021

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NAR Acronyms Does it seem sometimes like you are speaking a different language with all of your real estate acronyms? Here’s a simple guide to help you understand the lingo...

ABR

ADF AE AEC

AEI

ALC

Accredited Buyer Representative, a certification of NAR for buyer representation

Applicant Data Form, used to submit qualifications for RCE designation

Association Executive, also the Chief Executive Officer of the Association. Association Executives Committee, a committee of NAR that makes recommendations on behalf of AEs Association Executives Institute, an annual NAR education conference for AEs

Accredited Land Consultant, a designation awarded by the REALTORS® Land Institute. Affiliate A class of membership in a board for those in industry interested in board (bankers, attorneys, etc.) ARELLO Association of Real Estate License Law Officials Block R The trademarked “R” design denoting REALTOR®, with specific requirements for its placement and use BOD Board of Directors CAE Certified Association Executive, a designation awarded by ASAE CCIM Certified Commercial Investment Member, a designation awarded by the CCIM Institute

CIPS

COE CFR

CPM CRB

CREA CRS

CRT

Certified International Property Specialist, a NAR designation focused on International real estate REALTORS® Code of Ethics Campaign Finance Reform, rules/laws that impact PAC contributions Certified Property Manager, a designation awarded by IREM Certified Real Estate Broker Manager, a designation awarded by the Council of R.E. Brokerage Managers Canadian Real Estate Association, the national association for Canada Certified Residential Specialist, a designation awarded by the Council of Residential Specialists

Center for Realtor® Technology, a division of NAR focused on technology, products, programs, and issues Crystal R Investor in RPAC at $2,500 level (which includes lower amount in subsequent years to sustain) Delegate Representative on NAR’s Delegate Body, casts votes by number of members in Board, to change NAR Constitution D&O Directors & Officers insurance, another term used to describe professional liability insurance for associations.

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