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Real Estate Agent vs. Realtor

Real Estate Agent vs. Realtor When hiring an agent to assist in buying or selling a home, the terms "real estate agent" and "Realtor" are often used interchangeably. However, there are some key differences between the two. After reading about both classifications, you'll get a better feel for the difference between the two, and be able to make an informed decision about hiring one for your own real estate needs in the future. A real estate agent A Realtor A real estate agent is a sales professional licensed to assist in A Realtor is a real estate professional who is also a member of the buying, selling, and renting property. National Association of REALTORS". Real estate agents must: Real estate agents who are also Realtors: Handle all documents in a real estate transaction Have access to the local Realtor Board's MLS and keybox systems Mediate between buyers and sellers in purchase Abide by the Realtor Code of Ethics negotiations Promote their listings on Realtor-owned resources like MLS Are involved in the real estate industry and laws governing that industry To become a real estate agent, a person must: To become a Realtor, a person must: Complete several real estate and Be a real estate professional related courses Pass a licensing exam Pay membership dues to the National Association of REALTORS Maintain his/her license and remain Uphold a strict Code of Ethics current with education requirements There are over 17 principles, including: 466,000 Prioritizing client interests Disclosing conflicts of real estate agents in the U.S. interest Non-discrimination Providing clear written documents The NAR has over 983,000 x 10,000 members in the U.S. 11% Expected to increase by from 2010-2020 x 10,000 Important Questions Before hiring a real estate agent or Realtor, do your homework: How many homes has the agent sold, and for how much? How does the agent handle marketing? What is the agent's commission? Will the agent help to secure financing? How will the agent keep me informed? Sources: http://www.bls.gov/ooh/sales/real-estate-brokers-and-sales-agents.htm#tab-2 http://www.bls.gov/k12/money05.htm http://www.freemoneyfinance.com/2010/08/different-types-of-real-estate-agents-and-what-they-do.html http://homebuying.about.com/od/realestateagents/qt/RealtorvsAgent.htm http://www.realtor.org/about-nar http://www.realtor.org/reports/member-profile http://bucks.blogs.nytimes.com/2011/09/29/site-posts-date-on-real-estate-agent-success/ http://www.ftc.gov/bc/edu/pubs/consumer/homes/zrea01.pdf http://www.agentharvest.com/realtor-hiring-tips.html

Real Estate Agent vs. Realtor

shared by monsieurnavarro on Apr 09
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When hiring an agent to assist in buying or selling a home, the terms "real estate agent" and "Realtor" are often used interchangeably. However, there are some key differences between the two.

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Agent Harvest

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