Auctioneers who have earned the Accredited Auctioneer Real Estate (AARE) designation have completed a three-part course on auctioning real estate at auction. The AARE designation is a warded by the National Auctioneers Association Education Institute, formally known as the Auction Marketing Institute . All members who hold the AARE designation must (1) successfully complete three two-day courses (2) pass comprehensive exams -on marketing real estate at auction and real estate financing, (3) submit an auction summary report on a real estate auction and (4) show proof of conducting a minimum of 10 real estate auctions.
The AARE program is focuses on real estate at auction and is taught in three two-day courses in different locations around the country.
AARE 102 focuses on marketing real estate at auction. Topics include marketing residential, agricultural, commercial and industrial properties and the tools and resources needed to get business.
AARE 201 focuses on the financial considerations of an auction, including financial and investment decisions, basic investment calculations, techniques and problems for evaluating cash flow, holding period analysis and problems, and tax consequences. Instructors for the course are Indiana University business faculty, leading auctioneers in the United States and professionals who serve the industry.
AARE 202 is the capstone course and revolved around a multi-parcel auction involving residential, commercial, industrial real estate and raw acreage. Working in groups, auctioneers evaluate the property, design a proposal for the client, plan, conduct and prepare a post auction report.
Maintaining the designation requires adherence to NAA bylaws, standards of practice and code of ethics as well as earning a minimum of 24 hours of continuing education every three years.