what is the difference in a realtor and real estate agent?
A REALTOR and a real estate agent are both professionals who work in the real estate industry, but there are some key differences between the two roles.
A real estate agent is a licensed professional who helps individuals buy, sell, or rent properties. They have completed the required training and licensing exams in their respective state or region. Real estate agents assist clients in various aspects of real estate transactions, including property listings, market analysis, negotiation, and paperwork. They may work independently or as part of a real estate brokerage.
On the other hand, a REALTOR is also a licensed real estate agent, but they are members of the National Association of Realtors (NAR) and adhere to a specific code of ethics and standards of practice. This membership distinguishes them from regular real estate agents. REALTORS often have access to additional resources and networking opportunities through their association, which can benefit their clients. They are committed to upholding the NAR's ethical guidelines and are held to a higher standard of professionalism.
In summary, while both realtors and real estate agents are licensed professionals who help clients with real estate transactions, realtors are members of a specific association (NAR) and adhere to a stricter code of ethics, setting them apart in terms of professionalism and commitment to ethical standards.