Realtors and real estate agents are two distinct professionals in the real estate industry. Whether you’re a buyer or seller, it’s important to understand the differences between the two in order to make an informed decision when choosing a real estate agent.
When it comes to real estate, the terms “Realtor” and “real estate agent” are often used interchangeably. But there are important distinctions between the two. Both realtors and real estate agents are licensed to represent buyers and sellers in real estate transactions, but they have different levels of training and expertise.
Realtors are members of the National Association of Realtors (NAR). To become a Realtor, an individual must meet certain requirements and pass an exam. Realtors are required to abide by a strict code of ethics, and they must take continuing education courses to stay up-to-date on the latest laws and regulations. Realtors also have access to the Multiple Listing Service (MLS), a database of homes for sale that is not available to the public.
Real estate agents are not members of the NAR and are not required to adhere to the same code of ethics or take continuing education courses. They are licensed to represent buyers and sellers in real estate transactions, but they may not have access to the MLS.
When it comes to finding a real estate professional to work with, there are pros and cons to working with either a Realtor or a real estate agent. Realtors have more experience and training, and they have access to the MLS, which gives them access to more listings than real estate agents. On the other hand, real estate agents may be more affordable than Realtors. Ultimately, the decision comes down to personal preference and budget.
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