Realtors offer May classes for ABR designationThe Greater...

Real Estate Watch

February 23, 1997

Realtors offer May classes for ABR designation

The Greater Baltimore Board of Realtors will begin to offer classes in May for real estate agents who will be seeking the Accredited Buyer Representative designation.

The ABR is a fairly new accreditation given by the Real Estate Buyer's Agent Council, which was recently acquired by the National Association of Realtors. The council, which keeps agents and brokers informed of all aspects of buyer's agency, will remain a separate organization but will be managed by the NAR.

Gayle Briscoe, president of the GBBR, said agents who desired to gain the accreditation previously had to go out of state to attend classes. That will change this spring and Briscoe, who just earned the ABR, will teach the class.

To gain the accreditation, agents must attend a two-day program, pass a written examination on legal and practical aspects of buyers agency representation, a practical experience requirement of acting as a buyer's representative in five documented transactions and be sponsored by two members who already hold the ABR designation.

For information, call the GBBR at 462-2500.

Median home prices highest in Honolulu

The NAR also released statistics for median home prices in the final quarter of 1996.

The highest: Honolulu at $333,500. The lowest: Cedar Falls, Iowa, at $61,300. The median price for Baltimore in the final three months of 1996 was $110,500.

The national median existing-home price for the fourth quarter was $117,600, up 3.8 percent from the same period in 1995. A total of 54 areas had price increases either equaling or exceeding that amount.

The highest increase was in New Orleans, where the median price of $89,300 jumped 15.5 percent from a year earlier.

Pub Date: 2/23/97

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