Are Realtors And Real Estate Agents The Same
Introduction
If you're planning to buy or sell a property, you might have heard the terms "real estate agent" and "realtor." While both terms are commonly used interchangeably, they actually have different meanings. In this article, we'll discuss the difference between a real estate agent and a realtor to help you understand their roles and responsibilities.
Real Estate Agent
A real estate agent is a professional who is licensed to help clients buy, sell, or rent properties. They are responsible for providing guidance and assistance to clients throughout the transaction process, including property showings, negotiations, and paperwork.
Real estate agents can work independently or for a real estate brokerage firm. They usually earn a commission based on the sale price of the property. The commission is usually split between the buyer's and seller's agents.
Realtor
A realtor is a licensed real estate agent who is a member of the National Association of Realtors (NAR). To become a realtor, an agent must adhere to the NAR's code of ethics and standards of practice.
The NAR is a professional organization that represents more than one million real estate professionals in the United States. It provides training, resources, and advocacy for its members, as well as promoting homeownership and property rights.
Difference Between Realtor And Real Estate Agent
The main difference between a realtor and a real estate agent is that a realtor is a member of the NAR, while a real estate agent is not. However, being a realtor does not necessarily mean that an agent is better or more qualified than a non-realtor agent.
Realtors are required to adhere to the NAR's code of ethics, which includes honesty, integrity, and professionalism. They are also required to complete continuing education courses to maintain their membership in the organization.
How To Choose Between A Realtor And A Real Estate Agent
When choosing between a realtor and a real estate agent, it's important to consider their experience, expertise, and reputation. Look for agents who have a good track record of successful transactions and positive reviews from clients.
It's also important to consider their communication skills and availability. You want an agent who is responsive and can answer your questions and concerns in a timely manner.
Conclusion
In summary, while realtors and real estate agents are often used interchangeably, they have different meanings. A real estate agent is a licensed professional who helps clients buy, sell, or rent properties, while a realtor is a member of the National Association of Realtors who adheres to their code of ethics and standards of practice.
When choosing between a realtor and a real estate agent, consider their experience, expertise, and reputation, as well as their communication skills and availability. Ultimately, you want to work with an agent who can help you achieve your real estate goals.