Whats the difference between a Realtor and an Real Estate Agent?

Question

I was always curious but never really knew the difference...thanks.

Answer 1

My experience is that as a practical matter for the consumer there is little or no difference. Both REALTORS and real estate agents are very poorly trained and their training is primarily sales training to sell you their overpriced services.

Personally when I am in the market to buy or sell real estate I use an attorney who specializes in real estate law and a real estate appraiser who is a Member of The Appraisal Institute.

The services that the attorney and the real estate appraiser provide are of much superior quality comapred with REALTORS and real estate agents, and the fees of the attorney and real estate appraiser are much lower than the fees of REALTORS and real estate agents.

Answer 2

People use the terms REALTOR® and real estate agent interchangeably, but that is incorrect. There are differences between REALTORS® and real estate agents. They are not the same. Although both are licensed to sell real estate, the basic difference between a real estate agent and a REALTOR® is a REALTOR® is a member of the National Association of REALTORS®. As such, the main difference that you hear a lot about -- but are likely confused about -- is that a REALTOR® must subscribe to the REALTOR® Code of Ethics

Answer 3

A truly property agent is a widespread time period for anyone who acts as an agent for consumers and dealers of truly estate. A Realtor is the identify for a truly property agent who may be a member of the State and National Realtor Associations. While each are certified by means of the State wherein they function, the Realtor will pay a few hefty costs to belong to the institution. The institution has a few very specified ethics laws that each one individuals are required to abide by means of, which can be extra stringent than the ones required by means of regulation. It is viable for a truly property agent to be barred from being a Realtor for certian forms of ethics violations, and nonetheless be ready to certified and train. The Realtor institution additionally presents a tremendous quantity of extra assets for schooling etc for the individuals. Almost all truly property dealers in tremendous workplaces are Realtors. Most non-Realtor truly property dealers paintings in small independant workplaces. Some paintings that manner due to the fact they do not wish to be concerned within the better charges of doing trade as a Realtor. However, others do it due to the fact they function in a extra shady manner than a Realtor is authorized to. So if a character is simply a truly property agent and now not a Realtor, you will have to determine up on them a bit nearer earlier than you utilize their offerings.

Answer 4

Realtor is a trade name for someone who belongs to the National Association of Realtors. You can be a real estate agent without being a Realtor.

Answer 5

I think a Realtor belongs to an association of real estate agents and is a licensed real estate agent while a real estate agent is just a licensed real estate agent and dosen't belong to the association. As a realtor they must follow certain guidelines/rules that are provided by the association.

Answer 6

An Real estate agent works for a Realtor; but the names are commonly transposed.

Answer 7

Realtor is a copyrighted trade name, and is only assigned to those who are members in good standing of the National Association of Realtors. Not all real estate agents are members of NAR, and are those who are not members are not allowed to call themselves a Realtor.