Edgartown, MA (PRWEB) February 8, 2007
Fred J. Roven, owner/broker of Martha's Vineyard Buyer Agents, has been awarded the Resort and Second Home Property Specialist (RSPS®) designation by the NATIONAL ASSOCIATION OF REALTORS® (NAR). Fred completed the required training while in New Orleans last fall where he also volunteered with Habitat for Humanity for two weeks at Musicians Village. Musicians Village is a self contained re-construction project in New Orleans to encourage the return of Jazz musicians to the city.
The RSPS is a new certification offered by NAR for resort & second-home REALTORS around the world. The RSPS core certification requirements include the NAR Resort & Second-Home Market Course and the RLI (Realtor Land Institute Tax-Deferred (1031) Exchange Course. Fred joins a limited number of real estate professionals in North America who have earned the RSPS® designation.
"The new certification program recognizes the vitality of the second home market," said Ben Blair, 2005 chair of the NAR Resort & Second-Home Committee. "Serving the resort and vacation real estate market has come of age at a time when the second home market has never been stronger and savvy buyers increasingly demand the expertise of a real estate professional with proven knowledge of resort and second-home market conditions."
A 2005 NAR study showed substantial growth in the second-home market. The study indicated that investment property and vacation homes make up a significant portion of the overall housing market, accounting for more than one-third of residential transactions. Acquiring a second home has grown in popularity over the last 10 years and in particular since 2003. Sales of second homes increased 16 percent in 2004 from the year before. NAR also estimates that 36 percent of buyers who purchased a second home bought a property that was more than 100 miles away from their primary residence.
Fred J. Roven ABR®, RSPS®
Martha's Vineyard Buyer Agents