First Service Realty - GMAC Real Estate

January 30, 2006 - Miami - Elba Hernandez, a top producer for FSR-GMAC Real Estate, was recently granted a Certified International Property Specialist designation. Granted by the National Association of Realtors, a CIPS designation is given to a Realtor® who has both hands-on experience in international real estate transactions, as well as successfully completing an intensive seven-day program of study focusing on critical aspects of transnational transactions, including currency and exchange rate issues and cross-cultural relationships, regional market conditions, investment performance and tax issues.

Additionally, a CIPS member is granted membership in The Certified International Property Specialist Network (CIPS Network), a specialty group of the NATIONAL ASSOCIATION OF REALTORS® that focuses on international real estate. The CIPS Network currently has over 1,500, nearly 1,000 of whom have earned the CIPS designation. More than 300 network members live and practice outside the US.

Consumers can benefit from the representation of real estate professionals who have earned the CIPS designation. NAR International administers the CIPS program and designation, which focuses on ownership and transaction principles of international real estate, including specifics on real estate markets in Europe, the Americas and the Asia/Pacific region.

Prior to joining FSR-GMAC, Hernandez was a regional property manager in Boston and Miami. She graduated with a degree in Business Administration from Boston University.

About FSR-GMAC:

Partnering together as of 2006, FSR-GMAC is a family of full-service real estate and financial services companies, FSR's 350 sales professionals help clients buy and sell both residential and commercial real estate, and streamline the delivery of mortgages and title insurance throughout nine offices statewide. FSR-GMAC is one of Florida's largest privately held real estate firms, with a projected sales volume of $750 million in 2005.