Many people are not aware that the terms REALTOR® and real estate agent are different titles. If you are entering the housing market for the first time, it’s important to know what you will get from a REALTOR® versus a real estate agent. While they are both licensed to sell real estate, each professional offers different values for homebuyers.
If you are browsing the housing market and want help from a professional, follow our tips for choosing between a REALTOR® or real estate agent.
What is a REALTOR®?
A REALTOR® is a real estate agent who is a member of the National Association of REALTORS®. They act as an intermediary between sellers and buyers of real estate while also following the REALTOR® Code of Ethics. As a member of the National Association of REALTORS®, a REALTOR® must uphold the standards of the association. The NAR’s Code of Ethics consists of principles that require REALTORS® to cooperate with each other to further the best interest of consumers and clients. This includes treating all parties fairly, giving equal opportunity and upholding fair housing standards.
More than 1 million members of the National Association of REALTORS® are employed across the country. REALTORS® must hold a valid real estate license, be actively engaged in the real estate business and have no record of unprofessional conduct.
What is a real estate agent?
A real estate agent is anyone who is licensed to help people buy and sell commercial or residential property. In order to obtain a real estate license, agents must complete a minimum number of classes and a pass an examination prescribed by the state. State requirements vary but anyone who earns a real estate license can be called a real estate agent.
Many real estate agents join the National Association of REALTORS® and become REALTORS® because of the great reputation members are known for having throughout housing market.
When you are looking for a real estate professional, it is wise to work with a member of the National Association of REALTORS® who is committed to maintaining the professionalism of the real estate business. At Three Rivers Association of REALTORS®, we are a professional trade association of over 1000 licensed REALTORS®. We strongly believe in what the National Association of REALTORS® stands for including honesty, ethics and superior service for both buyers and sellers. If you are a REALTOR® in Illinois, contact Three Rivers Association of REALTORS® to learn more about our services!
