Most people use the term Realtor and Real estate agent interchangeably, but they are not the same. Both professionals must have a license to sell real estate, but there are some differences. Not every real estate agent is a Realtor.
What’s the Difference Between a Realtor and an Agent?
Realtors
A Realtor works as a commercial or real estate broker, property manager, salesperson, appraiser, or counselor. In the United States, one should be an active member of the National Association of Realtors (NAR) to qualify as one. Realtors must undergo some coursework, qualify for the licensing exam, and agree to NAR’s code of ethics.
Qualifications
They must qualify for agent licensing requirements in their state
Must additionally pass the NAR Code of Ethics course
Members of the National Association of Realtors members
Real estate agent
A real estate agent is one who helps people to buy or sell their commercial or residential property. They have the right to specialize in being a listing agent or a buyer’s agent. The Buyer’s agent will focus on helping the owners search and help the sellers to list their property. The professional real estate agent must pass the exams and get a license.
A good real estate agent should have a piece of deep knowledge of the local laws as well as current trends in the property markets. They are the intermediary between the seller and buyer, negotiations are a key part of any real estate agent’s work.
Qualifications
Must pass agent licensing requirements in their state
No need to qualify for any additional requirements
Are not NAR members
What are the different types of real estate agents?
Seller’s agent
A seller’s agent represents the people who wish to sell the property.
They help to,
Show your property to potential buyers
Help you stage your property
Negotiate with the buyers
List your property on multiple marketing platforms
Buyer’s agent
Negotiating for the best price on your behalf
Meeting and conferring with professionals
Handling paperwork
Help you get your dream property
Rental agent
They do all the duties related to managing a rental property. Also will help you find potential tenants, and provide services to tenants.
No matter who you choose, both of them should be able to help you throughout the process of buying or selling your property.
