who makes more and whats the difference?
2007-08-18 15:50:33 · 8 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
A Realtor is member of NAR (National Association of Realtors) and obeys to the Code of Ethics. In case of a Violation of the Code of Ethics, this Realtor will have to suffer the consequences.
A Real Estate Agent has a Real Estate License but that is pretty much it.
2007-08-18 16:37:13 · answer #1 · answered by Monika Wilson 4 · 2⤊ 0⤋
A real estate agent is a generic term for someone who acts as an agent for buyers and sellers of real property.
A Realtor is the title for a real estate agent who is also a member of the State and National Realtor Associations. While both are licensed by the State in which they operate, the Realtor pays some hefty fees to belong to the organization. The organization has some very specific ethics rules that all members are required to abide by, which are more stringent than those required by law. It is possible for a real estate agent to be barred from being a Realtor for certian types of ethics violations, and still be able to licensed and practice. The Realtor organization also offers a vast amount of additional resources for education and the like for the members.
Almost all real estate agents in large offices are Realtors. Most non-Realtor real estate agents work in small independant offices. Some work that way because they don't want to be involved in the higher costs of doing business as a Realtor. However, others do it because they operate in a more shady way than a Realtor is allowed to. So if a person is merely a real estate agent and not a Realtor, you should check up on them a little closer before you use their services.
2007-08-18 16:25:15 · answer #2 · answered by rlloydevans 4 · 3⤊ 0⤋
As a Realtor, you belong to the national association of Realtors, and are held to a higher standard of ethics. Not every agent is not a Realtor.
2007-08-19 03:42:40 · answer #3 · answered by frankie b 5 · 1⤊ 0⤋
To be a realtor you have to be a member of the National Association of Realtors.
2007-08-18 15:54:51 · answer #4 · answered by Anonymous · 1⤊ 0⤋
Realtor is a proper noun. Real estate agent is a common noun.
2007-08-18 15:56:36 · answer #5 · answered by bdancer222 7 · 0⤊ 1⤋
In Oregon, nothing. All real estate agents must be licensed brokers.
2007-08-18 18:15:52 · answer #6 · answered by godged 7 · 0⤊ 1⤋
No real difference, in my opinion. Just the title if you belong to an org, as stated above.
The one who has the most business savvy (hint - networking) will usually make more money.
Curious about flat fee real estate agents?
http://www.flatfeerealestateguide.com
2007-08-18 15:59:02 · answer #7 · answered by Anonymous · 0⤊ 3⤋
Nothing. It's like saying Physician and Doctor.
2007-08-18 15:54:09 · answer #8 · answered by Anonymous · 0⤊ 2⤋