Some people believe that a Realtor is the same as a real estate agent. The two terms are not synonymous. In order to become a Realtor, you have to do more than pass the real estate exam or learn the ins and outs of buying and selling homes. It is this little bit extra that may just help you when choosing the best real estate agent for the job.
The Realtor - A Real Estate Agent +
The Realtor is a real estate agent that is true. But, the Realtor is both a real estate broker and a member of the National Association of Realtors. While you cannot be a Realtor without being a real estate agent, you can be a real estate agent without being a Realtor.
The Power of the NAR
The National Association of Realtors is a large organization. There are more real estate agents a part of this organization than any other collection of real estate agents in the world. But, does being a Realtor mean the real estate agent is better at buying and selling homes? The answer is a resounding NO!
In order to become a member of the NAR, the real estate agent must first join the local group of Realtors. Then, they can apply for membership to the national level organization. Becoming a Realtor is about clout and connections for the real estate agent which could provide beneficial to the home owner or buyer, but that does not mean a real estate agent without the Realtor designation is not fully qualified to buy and sell homes.
What Does NAR Membership Do for the Real Estate Agent?
The National Association of Realtors is a trusted group. This means having the Realtor symbol behind your name can increase the trust the home buyer has in you as a real estate agent. This is very important in a real estate market where agents are cutting commissions and spending their own money to promote properties. It is all about perception, but it may be a little about confidence and patience, as well. If the real estate agent takes the time to join the local organization, meet those expectations and then join the national organization, they may just be patient enough to handle the worst of real estate nightmares.
The next time you are on the hunt for a real estate agent, take a look at the website or their ad and look for the Realtor name. It is a symbol of real estate that is not always there.
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A Realtor® also swears to uphold the Code of Ethics and that is a very important document for all transactions. It is a clear path of ethical and integrity to use with all transaction, representing both buyers and sellers. :) Thanks for your post, it is clarifying to many folks.