Graduate, REALTOR® Institute (GRI) Designation
The GRI designation is a powerful tool to attract and build new business. You’ll increase your skill level across the entire landscape of real estate with in-depth training in legal and regulatory issues, technology, professional standards, and the sales process.
Earning a GRI can make a difference in your business and potentially boost your income. REALTORS® with at least one designation:
- Earned a median of $61,000 while those without the designation earned a median income of $33,500, a difference of $27,600. (Source: 2013 NARMember Profile)
- Reported that they were better able to serve and protect their increasingly sophisticated clients because of their understanding of new technology, laws, and procedures.
The GRI designation is awarded only to those REALTORS® who have completed the required GRI Curriculum. The GRI program is delivered by the New Mexico Association of REALTORS® and meets the standards established by the National Association of REALTORS®. GRI does not require annual renewal as long as you remain an active member in good standing of the National Association of REALTORS®.
The cost of the GRI is a one-time application fee to NMAR with submission of credits: $50. Course fees will vary depending upon instructor and class.
The GRI Curriculum consists of 40 hours of GRI Core Courses, plus 24 hours of courses selected by the candidate from specific categories of New Mexico Real Estate Commission (NMREC) approved continuing education courses. A student has five (5) years to complete all designation requirements. Courses may be taken in any order.
Electives must include courses from each of the GRI “core competency” area as defined by the National Association of REALTORS®:
- Market Knowledge: Neighborhoods and property amenities, considerations for housing types, developing CMAs and impact of MLS, financing options and home-buying programs, inspections and appraisals/valuations
- Business Skills: Prospecting, buyer and seller services, creating your niche market, negotiations, creating and implementing your brand
- Systems and Tools: Record retention, form platforms and applications, website portals, marketing tools, hardware and software to streamline your business.
- Avoiding Setbacks, Fines, and Lawsuits: Professional standards, contract to close, risk management, agency relationships, and advertising.