SRES case studies
SRES · Put your knowledge to work in context.
The Seniors Real Estate Specialist® (SRES®) designation is a credential for REALTORS® who want to work confidently with buyers and sellers age 50 and older. It is presented by the Center for REALTOR® Development, and the published path has two parts: successful completion of the SRES® Designation Course, and maintaining active membership with the National Association of REALTORS® and CRD. The course can be taken online at your own pace or as an instructor-led class, offered in person or as a live interactive webinar. The blueprint weights four domains at 25% each: the needs, priorities and motivations of the 50+ market; retirement, downsizing and life transitions; financial and legal considerations such as mortgages, pensions and tax implications; and senior housing options with their social and financial implications. The SRES case studies are 5 cases and about 3,754 words.
1The Staircase Problem: Aging in Place on a Fixed Income
Margaret is 68, divorced, and retired after 31 years of teaching. Her income is 2,150 a month in Social Security plus a 340 pension, and she has 28,000 in savings.
719 words, about 4 min2Two Moves or One? The Stroke, the Spouse, and the Timing
Robert, 78, and Helen, 74, have been married 51 years and have owned their 3,900-square-foot home on two acres for 34 years. It is worth about $720,000 with no mortgage.
719 words, about 4 min3The Equity Is There, the Income Is Not
Frank, 74, and Alma, 69, have been married 44 years. Their home is worth about 615,000 and carries a 182,000 mortgage at 4.25%, refinanced four years ago to help their son; the payment, including taxes and insurance, is 1,190.
755 words, about 4 min4The Refundable Entrance Fee
Eleanor is 81 and widowed. She has 520,000 in liquid assets and a home worth about 430,000 with no mortgage.
791 words, about 4 min5The Deed, the Nursing Home, and the Five-Year Window
Louise is 84 and widowed. She owns her home free and clear, worth about 285,000, and has 60,000 in certificates of deposit.
770 words, about 4 min