Real Estate Agent vs. REALTOR®: What's the Difference?
If you are in the market to buy or sell a home, you might have come across the terms "REALTOR®" and "real estate agent." While they may seem interchangeable, there are significant differences between the two that many are not aware of. Let's take a closer look at what sets a REALTOR® apart from a regular real estate agent.
First things first, what is a REALTOR®? A REALTOR® is a licensed real estate agent who is also a member of the National Association of REALTORS® (NAR). This means they have agreed to abide by a strict code of ethics and standards of practice that goes beyond what is required by state law. In other words, they are held to a higher standard.
On the other hand, a regular real estate agent is simply someone who is licensed to buy and sell real estate in a particular state. While they may have completed the required education and passed the necessary exams, they are not bound by the same code of ethics and standards of practice as a REALTOR®. All REALTORS® are real estate agents, but not all real estate agents are REALTORS®!
Working with a REALTOR® means you can expect a higher level of professionalism, integrity, and accountability. REALTORS® are committed to putting their clients' interests first and providing honest and transparent communication throughout the buying or selling process. You can tell if someone is a REALTOR® by looking for the distinctive REALTOR® logo on their advertising or business card, which is a registered trademark of the National Association of REALTORS®.
In addition, REALTORS® have access to a wide range of resources and training opportunities that can help them better serve their clients. This includes access to the Multiple Listing Service (MLS), which is a database of properties that are currently on the market. By working with a REALTOR®, you can be sure that you have access to the most up-to-date and accurate information about the properties you are interested in.
Another significant benefit of working with a REALTOR® is their knowledge and expertise. Because they have completed additional training and education, REALTORS® have a deep understanding of the real estate market and the laws and regulations that govern it, but they are not attorneys, so bonus points for hiring a REALTOR® who is also an attorney! This means they can help you navigate complex legal and financial issues, and provide valuable advice and guidance throughout the buying or selling process.
While both a REALTOR® and a regular real estate agent can help you navigate the real estate market, working with a REALTOR® who is also an attorney is the way to go. From their commitment to higher ethical standards to their access to valuable resources and expertise, a REALTOR® and attorney can help you make informed decisions and achieve your real estate goals with confidence. So, when it comes time to buy or sell your next property, remember the difference between a REALTOR®, real estate agent, and an attorney–and be equipped to choose the right option for you.
Choosing a law firm that has a licensed real estate agent on staff can provide ample benefits throughout the home buying and selling process. Our attorneys have a deep understanding of the legal nuances involved in real estate transactions, allowing us to provide you with comprehensive legal guidance and representation. Hire Mark Gomez and his team to represent you by clicking here to learn more now!