If you are new to the world of Realtor, you would wonder what is the difference between various industry titles being thrown around like broker or salesperson. This might be confusing for someone who isn’t fully a professional. Especially because some of the titles are used interchangeably, even though they have distinct differences.
It is necessary to understand the distinction between a realtor, an estate agent, and an estate broker in order to get a better understanding of how it works. Below are guides and information on becoming a better realtor.
As stated according to NAR, about half of the real estate agents from the United States are certified. Many real estate agents are known to follow this path owing to the organization’s active work in protecting the interest of its members.
NAR as a trade association has strong bargaining power in both the state and federal government. This influence can be useful in obtaining better legal protection and benefits for other real estate agents across the country.
Difference Between Realtor and Real Estate Agent
A realtor is a real estate professional who is a member of the National Association of Realtors. It is commonly confused with a real estate agent. Simply put all realtors are agents, but not all agents or brokers are realtors.
What is a Realtor?
This is a real estate agent who is an active member of the National Association of Realtors (NAR) founded in 1908. NAR stands as the largest trade association in the United States. Active real estate agents who desire to join this organization are expected to have a valid real estate license as well.
As a professional, real estate agents have an incentive to join based on their good reputation which can become attractive to more clients. All real estate agents are to comply with an extensive Code of Ethics to enable customers to feel at ease. This gives customers a safe mind that they are working with agents who are fully vetted and have sworn to uphold certain professional standards.
Guide to Become a Realtor
To become a real estate agent, you must get a real estate license. You will need to complete a minimum number of courses from your state. It is challenging to become a successful realtor. This is because it has turned into a legalized business, and there are hundreds of people fighting for the top spot. Below is a guide to becoming one of the best agents:
Start by identifying and joining a local chapter of the NAR (National Association of Realtors) in your state or country.
Pay your dues regularly so as to become part of the top spot in the association.
You are required to take and pass the online course on the Code of Ethics.
Comply with the NAR’s standard of practice throughout your career.
Retake the online course every four years to maintain the certification.
National Association of Realtors
The National Association of Realtors was founded in 1908 and has a membership strength of more than 1.4 million as of the year 2019. If a realtor agent is not a member of this association, it is because they are not legally under the business. And they do not have enough business which justifies the expense of membership.