REALTOR®… Real estate agent… what’s the difference?
When it comes to buying or selling a home, you may have heard the terms "real estate agent" and "REALTOR®" used interchangeably. However, there is a difference between the two.
A real estate agent is a licensed professional who helps clients buy, sell, or rent properties. They have completed the necessary coursework and passed a licensing exam to become a licensed real estate agent. They are also required to complete continuing education courses to maintain their license.
On the other hand, a REALTOR® is a real estate agent who is a member of the National Association of REALTORS® (NAR). NAR is a professional organization that sets ethical and professional standards for its members. REALTORS® must adhere to a strict code of ethics and are committed to providing the highest level of service to their clients. This is one of the largest benefits to using a REALTOR®, because they are held accountable by MULTIPLE bodies aside from your state’s real estate commission and broker.
One of the benefits of working with a REALTOR® is that they have access to a wide range of resources and tools that can help their clients buy or sell a home more effectively. For example, REALTORS® have access to the Multiple Listing Service (MLS), which is a database of properties for sale in a given area. They can use this database to help their clients find properties that meet their specific needs.
Another benefit of working with a REALTOR® is that they have a deep understanding of the local market. They can provide insights into market trends, home values, and neighborhood amenities that can help their clients make informed decisions.
In summary, while both real estate agents and REALTORS® are licensed professionals who can help you buy or sell a home, working with a REALTOR® offers additional benefits. They are committed to upholding a strict code of ethics and have access to a wide range of resources and tools that can help you navigate the complex world of real estate more effectively.
