Why Should I work with a REALTOR®?

In the world of real estate, the words “REALTOR®” and “agent” are often used interchangeably. To some it might seem as though they are one in the same. However, choosing to work with an agent as opposed to a REALTOR® has several shortcomings that should not be overlooked in making this decision.

What is the difference?

Often these terms are used synonymously simply because people shorten phrase “real estate agent” and use REALTOR®, which they assume is a generic term. While both of these titles require the individual to be licensed with the Department of Professional Regulation, this is where the similarities end.

Real estate agent

A real estate agent is anyone who has a license to assist clients in the buying or selling of either commercial or residential property. This individual may perform this job as a sales representative, an associate real estate broker or a broker. To obtain a license, the agent must complete the required classroom training (typically between 30 and 90 hours) from an accredited real estate school and pass a state real estate examination that covers national, state and local real estate laws, standards and practices. In addition, an agent (as well as a REALTOR®) must pay a licensing fee as well as complete the required continuing education courses in order to renew his or her license every other year.

REALTOR®

REALTORS® aren’t just agents. They are professional members of the National Association of REALTORS® (NAR). In addition to completing all of the necessary requirements in order to sell real estate, a REALTOR® subscribes to a strict code of ethics which spells out specific practices and duties they must adhere to for the protection of their clients, customers and fellow REALTORS®. Real estate agents are not required to follow NAR’s Code of Ethics.

Working with a REALTOR® provides clients with peace-of-mind that they will be receiving both professional and ethical service during the home buying or selling process. All of the members of Three Rivers Association of REALTORS® are REALTORS® as well as members of the Illinois REALTORS® and National Association of REALTORS®.