Real Estate Agent or Realtor-R

By
Real Estate Broker/Owner with Terry Bishop Realty LLC

Ask anyone to describe their image of a real estate agent and what do you hear?  I laugh when I hear big hair – the 1980’s; Cadillac, Realtor® car, Country Club lunches…because of course, the Realtor® belongs to a country club!  Oh and money… overflowing the pockets!

Real estate agents are not Realtors® but Realtors® are real estate agents.  Realtors® subscribe to the Code of Ethics of the National Association of Realtors® (NAR Code of Ethics http://www.realtor.org/policy/code-of-ethics-and-professional-standards ) and real estate agents do not.  There is a higher standard of care for clients when using a Realtor®.  Make sure your agent subscribes to a local Board of Realtors® because it offers you, the consumer, a higher standard of care.

When buying or selling what is probably your greatest asset, be sure you are dealing with a reputable person.  Generally that person will be a Realtor®.  He/she can guide you through the morass of paperwork and explain all that you are signing and why.  If that person shoves paper at you and doesn’t explain what you are signing, then you should not sign!  Ask to see the Code of Ethics.

Advanced designations are one way to cull Realtors®.  Beyond the normal continuing education units your agent must attend, that person understands the importance of knowledge which he/she can impart to the client and use to represent the client in a more professional manner.

Usually these designations are classes the agent must pay for out of his/her own pocket, take time to attend, and usually pass a test at the completion.   If your agent has a group of alphabets after his name, those are the designations.  Some are more prestigious than others.  Ask what these letters mean.

As the market begins to heat up, more and more people will go into real estate.  There is a perception that real estate is an easy career and the agent can make a huge income and just look at houses all day with people.  This is a myth!  Ask any successful Realtor®, the reality is far different! 

 

So ask too, how long have you been in the market?  Remember, you are the employer and the Realtoris your employee.

Comments (4)

Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

GREAT POST - when I first got my license -25 years ago (OMG) - I thought I would drive a Jaguar, pop bonbons and sell $1M houses- I never got the Jag- usually drove a jeep instead, tried to avoid the chocolate and figured out that $1M houses were harder to sell than $350 houses around here- even 25 years ago I didn't understand till I got my license! 

Dec 07, 2014 08:08 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

HI terry!

The reality of our business is far different than the perception and rumors in most cases. You've shared anumber of important points consumers should be aware of!

Hope all is well with you in Tucson!

Jeff

Dec 07, 2014 08:23 PM
Brenda Mayette
Miranda Real Estate Group, Inc. - Glenville, NY
Getting results w/ knowledge & know-how!

It sure is a myth!  What a great topic.  I encourage the public to always interview a few Realtors-R before making the selection of whom to buy or sell with.  What is often our most expensive investment shouldn't be entrusted to just anyone with a key pad.;)

Dec 07, 2014 09:05 PM
Terry Bishop
Terry Bishop Realty LLC - Tucson, AZ
Earning Your Trust and Confidence...

Thank you Lise, Jeff, and Brenda.  How true it is that reality and perception can be totally different.  I often wonder if people understand how hard we work, maybe not the 9 to 5 that they may work, but very often more than a 40 hour week!  Thank you for your nice comments!  May 2015 be the best year yet for you all!

 

Dec 07, 2014 09:54 PM