SRES study guide
SRES · Work through your exam, one topic at a time.
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 study guide has 4 sections and about 1,305 words.
01The 50+ Market: Needs, Priorities and Motivations
The "50+ market" spans roughly thirty-five years of life. Leading-edge Boomers, trailing Boomers and the Silent Generation share a marketing category, not a housing brief.
314 words, about 2 min02Retirement, Downsizing and Life Transitions
Retirement and downsizing rarely happen in one step. Triggers include a retirement date, death or divorce, a health diagnosis or fall, caregiving burden, a pension lump sum, or an adult child relocating.
335 words, about 2 min03Financial and Legal Considerations: Mortgages, Pensions and Taxes
Retirees often qualify on Social Security, pension, annuity and IRA withdrawals, or through asset-depletion underwriting. A reverse mortgage (HECM) requires the youngest borrower to be 62 or older and the home to be the principal residence with existing liens paid off; the borrower keeps title, must pay taxes, insurance and upkeep, and may take a lump sum, a line of credit or monthly payments.
346 words, about 2 min04Senior Housing Options and Their Social and Financial Implications
Match the setting to the person's activities of daily living (ADLs) - bathing, dressing, eating, toileting, transferring and continence. Aging in place: home modifications and in-home care; often best emotionally, not always cheapest.
310 words, about 2 min