What is a Realtor?
Most people often use “Real Estate Agent” to address sales individuals who guide and help in real estate transactions and negotiations. And sometimes, the word “Realtor” creates confusion to this job description.
So, let’s give a clear definition to this term. What exactly is a Realtor?
A Realtor is a professional agent who represents you for the purchase or sale of Real Estate properties.
Reading the description, you’re probably thinking of “Real Estate Agents” too. Yes. Realtors are real estate agents, but not all real estate agents are Realtors. Real estate agents are licensed individuals who can also represent you in buying and selling properties, but Realtors hold a higher standard than licensed agents.
Both Realtors and Real Estate agents are licensed individuals, but what distinguishes a Realtor from a Real Estate Agent is that a Realtor is a member of the National Association of Realtors. The National Association of Realtors is the largest trade organization in the country. Realtors are bound to follow a set of ethical obligations or Code of ethics.
Now, it’s on you who you want to hire. Their fees will definitely vary depending on how you negotiate and want them to work.
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