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The Seniors Real Estate Specialist (SRES) designation is awarded by the SRES Council to
Realtor
Real estate agents and real estate brokers are people who represent sellers or buyers of real estate or real property. While a broker may work independently, an agent usually works under a licensed broker to represent clients. Brokers and agent ...
s who have successfully completed coursework on the
real estate needs of home buyers age 50+.
Distinctive needs, factors, and considerations for this segment of the population include:
*
Housing for Older Persons Act (HOPA)
*
reverse mortgage
A reverse mortgage is a mortgage loan, usually secured by a residential property, that enables the borrower to access the unencumbered value of the property. The loans are typically promoted to older homeowners and typically do not require monthl ...
s
*
pension
A pension (; ) is a fund into which amounts are paid regularly during an individual's working career, and from which periodic payments are made to support the person's retirement from work. A pension may be either a " defined benefit plan", wh ...
s,
401(k)
In the United States, a 401(k) plan is an employer-sponsored, defined-contribution, personal pension (savings) account, as defined in subsection 401(k) of the U.S. Internal Revenue Code. Periodic employee contributions come directly out of their ...
accounts, and
IRA
*
Medicare,
Medicaid
Medicaid is a government program in the United States that provides health insurance for adults and children with limited income and resources. The program is partially funded and primarily managed by U.S. state, state governments, which also h ...
, and
Social Security
Welfare spending is a type of government support intended to ensure that members of a society can meet basic human needs such as food and shelter. Social security may either be synonymous with welfare, or refer specifically to social insurance ...
*
mortgage finance and loan schemes and scams
History
* 1997 - created by the Senior Advantage Real Estate Council
* March 2007 - recognized by the
National Association of Realtors
The National Association of Realtors (NAR) is an American trade association for those who work in the real estate industry. it had over 1.5 million members, making it the largest trade association in the United States including NAR's institute ...
See also
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Real estate professional designations
References
External links
SRES Home Page
{{Real estate
Real estate in the United States
Professional titles and certifications