Realtor Designation Basics.
The term Realtor is a federally registered trademark that applies specifically to real estate professionals who are active members of the National Association of Realtors® (NAR).
Real estate agents who are not active NAR members cannot call themselves Realtors.
Is there a difference between a real estate agent and a Realtor?
To summarize a real estate agent vs Realtor, a real estate agent is a real estate professional with a valid license. Agents help people buy and sell both commercial and residential properties. Essentially, the difference between real estate agent and Realtor comes down to professional certifications.
Can a Realtor represent himself?
Technically no. A person holding a real estate sales persons license can only represent the broker. A client, whether they be a buyer or a seller has a contract with the broker. The agent, then acts on the brokers behalf in assisting the client (in this case themselves) to buy or sell a property.
What does it mean to be a realtor?
The term REALTOR® has one, and only one, meaning: REALTOR® is a federally registered collective membership mark which identifies a real estate professional who is member of the NATIONAL ASSOCIATION OF REALTORS® and subscribes to its strict Code of Ethics.
Is the term Realtor trademarked?
The term REALTOR® is not only a trademark owned by NAR and protected by federal law, it’s a valuable membership benefit that distinguishes members from other real estate licensees.
Is becoming a realtor worth it?
Being a realtor is great if you like houses and enjoy working with people, but it’s not always the dream job some imagine it to be. Selling real estate is more work that you might imagine and, although there are some very successful real estate agents, there are many who struggle just to make ends meet.
How do you pick a realtor?
How to find a real estate agent
- Talk to a lender before you hire a real estate agent.
- Get referrals from your network.
- Research potential candidates.
- Interview at least three real estate agents.
- Request references — and check them.
- Go with your gut.
- Take a close look at your contract.