If you're considering a career in real estate or are in the process of buying or selling a home, you may have come across the terms "real estate agent" and "realtor." While both professions involve the buying and selling of properties, there are some key differences between the two.
First, let's define each term. A real estate agent is a professional who is licensed by the state to represent buyers and sellers in real estate transactions. They may work for a brokerage or independently, and their primary job is to facilitate the buying and selling of properties.
On the other hand, a realtor is a real estate agent who is a member of the National Association of Realtors (NAR). To become a member, a real estate agent must adhere to the NAR's Code of Ethics and complete ongoing education requirements.
So what's the main difference between a real estate agent and a realtor? Essentially, it comes down to membership in the NAR and the commitment to upholding the organization's Code of Ethics. This code includes standards for professionalism, honesty, and fairness in real estate transactions. As a result, many people consider realtors to be more trustworthy and experienced than non-member real estate agents.
That being said, it's important to note that not all real estate agents are realtors, and vice versa. Just because someone is a realtor doesn't necessarily mean they are more qualified or experienced than a non-member real estate agent. It's always a good idea to do your own research and ask for references before choosing a professional to represent you in a real estate transaction.
In conclusion, while both real estate agents and realtors are professionals who facilitate the buying and selling of properties, the main difference is membership in the NAR and adherence to the organization's Code of Ethics. When choosing a professional to represent you in a real estate transaction, it's important to do your own research and ask for references to ensure you're working with someone who is qualified and trustworthy.
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