CIPS Designation and TRC Certification

The Certified International Property Specialist designation connects the practitioner to an active global network of real estate professionals and these valuable network connections relate directly to higher incomes. A recent study found that REALTORS® with a CIPS designation earn more than double that of non-designee peers. Why? The difference is the CIPS Network. In addition to the prestigious CIPS designation, NAR is a founding partner in the International Consortium of Real Estate Associations (ICREA) which offers the Transnational Referral Certification. Together, these credentials demonstrate investment in and commitment to professionalism.

 

Certified International Property Specialist Designation

CIPS designees have demonstrated expertise in international real estate practice by completing education and experiential requirements. The CIPS designation focuses on educating real estate professionals about transaction principles of international real estate, including specifics on real estate markets, investment trends, marketing strategies, currency issues, and financing in Europe, the Americas, Africa, Middle East, Asia, and the Pacific Rim. Topics covered in the CIPS classes also include cultural diversity. Savvy real estate professionals use the CIPS designation to distinguish themselves in their local markets. Plus, CIPS designees earn more. Median income for CIPS designees is more than $100K, compared to less than $50K for non-designees. Twice as many CIPS designees earn more than $100K than REALTORS® in general.[1]

 

Transnational Referral Certification  

The Transnational Referral Certification course prepares real estate professionals to make and receive compensated referrals using the ICREA Transnational Referral System and integrate international referrals into their business plans. The course covers finding a referral partner, agreeing on compensation, meeting customer service standards, participating in the compensation dispute arbitration process, and using ICREA business tools.


[1] (Source: NAR Marketing Research, “2008 Certified International Property Specialist Survey”)

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