How a Realtor Differs From a Real Estate Agent

Real Estate Agent vs. Realtor

Over time there are some words that have different meanings that become universal terms. One great example is a real estate agent and a Realtor. While these two words both mean someone engaged in the business of selling real estate, they have vastly different meanings. Being a real estate agent or a Realtor are two different things.

At Maximum Real Estate Exposure, there is an excellent explanation of the difference between a Realtor and a real estate agent. One of the most significant ways they differ is that a Realtor is held to a much higher level of standards. They must abide by and follow the real estate code of ethics. The code is a specific group of articles that lays out how an agent must conduct their business.

The agent must always put the interests of their clients ahead of their own. When you are a Realtor you are part of the prestigious group known as the National Association of Realtors. Realtors must pay dues to be part of the group. There are also some perks for being a Realtor as well. The article at Maximum Real Estate Exposure gives an in-depth explanation of how a real estate agent is not the same thing as a Realtor. If you are going to be buying or selling a home it is well worth reading.

Real Estate Agent vs. Real Estate Broker

Just like a Realtor is different from a real estate agent, the same can be said about there being a difference between a real estate agent and a real estate broker. In order to become a real estate broker you must have practiced as a real estate agent for a couple years. Once you have completed a few years learning the ropes, in order to become an agent you must pass a brokers license exam.

Real Estate brokers are often but not always the owner of a real estate company. They typically employ multiple real estate agents who work under them.

When you are buying or selling a home, it is vital to make an excellent selection of the agent you will be working with. It is smart to conduct a detailed interview so you are satisfied with the agent you choose. While choosing a Realtor sounds appealing, it does not guarantee you are choosing the best candidate.

In every business there are good and bad apples. Real Estate is definitely no different. Selecting an agent is one of the most essential tasks in being satisfied throughout the buying and selling process.