Real Estate Agent vs REALTOR®
The terms “real estate agent” and “REALTOR®” are often used interchangeably, but there are some distinctions between the two.
Real Estate Agent:
A real estate agent is a licensed professional who helps individuals buy, sell, or rent properties. They are licensed by the state in which they work and are required to complete certain education and training to obtain and maintain their license. Real estate agents may work independently or be associated with a real estate brokerage. They assist clients in various real estate transactions and provide guidance on pricing, marketing, negotiations, and other aspects of the process.
REALTOR®:
A REALTOR® is a real estate agent who is a member of the National Association of Realtors (NAR), a trade association for real estate professionals. Not all real estate agents are REALTORS®, as membership in the NAR is voluntary. However, REALTORS® are bound by a code of ethics that goes beyond the legal requirements for real estate agents. The code of ethics emphasizes professionalism, integrity, and the protection of the interests of clients and the public.
In summary, while all REALTORS® are real estate agents, not all real estate agents are REALTORS®. The key difference lies in the membership in the National Association of REALTORS® and the commitment to uphold the organization’s code of ethics. When choosing a real estate professional, whether you work with a real estate agent or a REALTOR®, it’s essential to consider their experience, expertise, and reputation in addition to their professional affiliation.