F
Frances Farmer
TREF Guest
What is the difference between a regular real estate agent and a Realator?
Aren't they the same thing?
Aren't they the same thing?
J
JBob
TREF Guest
- Thread starter
- #2
I think they are the same thing, but the realtor (no a in the middle) is a member of the mls.
Z
Zappa
TREF Guest
- Thread starter
- #3
A real estate agent is licensed by the state. Realtors are licensed real estate agents who are members of a trade group.
So, they are not exactly the same thing.
So, they are not exactly the same thing.
B
Barista
TREF Guest
- Thread starter
- #4
Right. The trade group, national Association of Realtors, is optional, but the license is not optional.
F
Frances Farmer
TREF Guest
- Thread starter
- #5
Interesting. I didn't know the difference.
- Jun 6, 2012
- 26
- 22
That is it in a nutshell. Realtors have a Code of Ethics which is broader than state laws. Of course, the Code of Ethics does not supersede state laws and licensing rules, but it offers consumers and other Realtors a broader framework for good behavior.
Most MLSs are owned by local Realtor associations, so most of the time, agents have to be Realtors to be members.
F
Frances Farmer
TREF Guest
- Thread starter
- #7
Ethics are a good thing.
S
Sherry
TREF Guest
- Thread starter
- #8
Ethics are a good thing.
Yes they are. Rare, I am afraid, tho.
H
He's got game
TREF Guest
- Thread starter
- #9
Our first agent wasn't so hot. We got another and really liked him. Don't stick with one if it doesn't feel right.
A
adele
TREF Guest
- Thread starter
- #10
how did you leave the first agent? did you have an agreement?
J
Johnysam
TREF Guest
- Thread starter
- #11
People are always confused between realtor and real estate agent and use the terms interchangeably, but that is incorrect. There are big differences between REALTORS® and real estate agents. Although both are licensed to sell real estate, the basic difference between a real estate agent and a REALTOR® is a REALTOR® is a member of the National Association of REALTORS® while all agents are members of NAR.
H
He's got game
TREF Guest
- Thread starter
- #12
Her husband transferred out of state so she moved away. It worked out OK for us. Yes, we had an agreement.
R
Ronnie
TREF Guest
- Thread starter
- #13
Would you have to stay with the same firm, or did yo go to an agent in another firm?
A
adele
TREF Guest
- Thread starter
- #14
why would you have to stay with the same firm?
R
Ronnie
TREF Guest
- Thread starter
- #15
Because your buyer agent agreement is with the firm, not the agent. If the firm forced the issue.
H
He's got game
TREF Guest
- Thread starter
- #16
That's right. We stayed with the same firm. Different agent. But it was our choice to stay. They weren't going to make us do anything.
A
adele
TREF Guest
- Thread starter
- #17
M
Morrisville Mark
TREF Guest
- Thread starter
- #18
Pick an agent who will make it all about YOU. The agent should not need to be the center of attention all the time.
M
Morrisville Mark
TREF Guest
- Thread starter
- #19
NAR IS the National Association of Realtors.
Agents are licensed by the state in which they work, and not all real estate license holders are members of NAR.
Z
Zappa
TREF Guest
- Thread starter
- #20
^^^^ True that.